Key Points
- CEO Rene Lacerte sold 42,248 BILL shares at an average price of $50.17, generating approximately $2.12 million. The transaction reduced his ownership by 20.57%, leaving him with 163,125 shares.
- BILL reported quarterly EPS of $0.84, beating estimates of $0.71, while revenue rose 13.8% year over year to $436.19 million. The company issued fiscal 2027 EPS guidance of $3.56 to $3.79.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $58.67, while institutional investors own nearly 98% of the company’s shares.
BILL Holdings, Inc. (NYSE:BILL - Get Free Report) CEO Rene Lacerte sold 42,248 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $50.17, for a total transaction of $2,119,582.16. Following the sale, the chief executive officer owned 163,125 shares in the company, valued at $8,183,981.25. The trade was a 20.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
BILL Price Performance
Shares of NYSE:BILL opened at $49.11 on Friday. The firm has a 50 day moving average of $45.47 and a 200-day moving average of $40.96. The stock has a market capitalization of $4.19 billion, a PE ratio of -377.77, a PEG ratio of 0.76 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. BILL Holdings, Inc. has a 12 month low of $31.41 and a 12 month high of $57.21.
BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.13. The business had revenue of $436.19 million for the quarter, compared to analyst estimates of $430.55 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. On average, equities research analysts predict that BILL Holdings, Inc. will post 2.22 EPS for the current fiscal year.
Institutional Investors Weigh In On BILL
Several hedge funds have recently modified their holdings of the company. Pier Capital LLC acquired a new position in shares of BILL in the fourth quarter valued at approximately $5,064,000. The Manufacturers Life Insurance Company acquired a new stake in BILL during the 2nd quarter worth approximately $2,222,000. Pacer Advisors Inc. boosted its position in BILL by 1,775.9% during the 1st quarter. Pacer Advisors Inc. now owns 338,085 shares of the company's stock worth $12,949,000 after buying an additional 320,062 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in BILL by 743.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 264,036 shares of the company's stock worth $10,113,000 after buying an additional 232,731 shares during the period. Finally, NewEdge Wealth LLC bought a new stake in BILL during the 4th quarter worth approximately $15,778,000. Institutional investors and hedge funds own 97.99% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on BILL. Keefe, Bruyette & Woods lifted their price target on BILL from $46.00 to $54.00 and gave the company a "market perform" rating in a research note on Thursday, August 20th. Truist Financial upped their price objective on BILL from $44.00 to $52.00 and gave the stock a "hold" rating in a research report on Tuesday. Morgan Stanley lifted their target price on BILL from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Thursday, August 20th. Oppenheimer set a $55.00 target price on BILL and gave the stock an "outperform" rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded shares of BILL from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BILL presently has an average rating of "Moderate Buy" and a consensus price target of $58.67.
Get Our Latest Analysis on BILL
BILL Company Profile
(
Get Free Report)
BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency. It also offers onboarding implementation support, and ongoing support and training services.
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