10,560 Shares in BILL Holdings, Inc. $BILL Bought by CenterBook Partners LP

CenterBook Partners LP bought a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,560 shares of the company’s stock, valued at approximately $449,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Versant Capital Management Inc increased its holdings in shares of BILL by 147.3% in the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock worth $26,000 after buying an additional 430 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of BILL during the 3rd quarter worth $32,000. State of Wyoming bought a new stake in shares of BILL during the 1st quarter worth $32,000. Signature Equity Partners LLC lifted its holdings in shares of BILL by 17,760.0% during the 3rd quarter. Signature Equity Partners LLC now owns 893 shares of the company’s stock worth $38,000 after acquiring an additional 888 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in BILL in the first quarter worth $57,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Price Performance

Shares of BILL stock opened at $54.14 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.50. BILL Holdings, Inc. has a 52-week low of $31.41 and a 52-week high of $57.21. The company has a fifty day moving average of $47.67 and a 200-day moving average of $42.84. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 0.74 and a beta of 1.08.

BILL (NYSE:BILL) last issued its earnings results on Thursday, November 5th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The company had revenue of $353.77 million for the quarter, compared to analysts’ expectations of $438.62 million. BILL had a net margin of 3.23% and a return on equity of 5.83%. The firm’s revenue was down 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. Equities research analysts expect that BILL Holdings, Inc. will post 2.45 EPS for the current year.

Insider Transactions at BILL

In other news, CEO Rene Lacerte sold 141,256 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $48.42, for a total transaction of $6,839,615.52. Following the transaction, the chief executive officer directly owned 100,899 shares of the company’s stock, valued at approximately $4,885,529.58. This trade represents a 58.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Cieri sold 10,754 shares of BILL stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the completion of the transaction, the insider owned 997 shares in the company, valued at approximately $48,982.61. This represents a 91.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 267,997 shares of company stock worth $13,057,984 over the last ninety days. Insiders own 14.50% of the company’s stock.

Key Stories Impacting BILL

Investors following BILL have been watching these stories:

• Positive Sentiment: Jefferies Financial Group upgraded BILL, adding to the positive analyst attention around the stock. Jefferies upgrade
• Positive Sentiment: Citigroup was reported to see strong potential price appreciation in BILL shares, adding to the bullish analyst outlook. Citigroup forecast
• Positive Sentiment: A Seeking Alpha analysis pointed to ramping profits and double-digit growth in payments volume, suggesting the business may be improving its earnings trajectory while maintaining transaction growth. Seeking Alpha analysis

Wall Street Analysts Forecast Growth

BILL has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on BILL from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Morgan Stanley increased their price objective on BILL from $60.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday. BTIG Research reissued a “buy” rating and set a $60.00 price objective on shares of BILL in a report on Thursday, August 20th. Zacks Research downgraded BILL from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Finally, BMO Capital Markets boosted their target price on BILL from $46.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.29.

BILL Company Profile

BILL (NYSE: BILL), formerly known as Bill.com, provides cloud-based financial operations software for small and midsize businesses and the accounting firms that support them. Its platform helps organizations manage accounts payable and accounts receivable, digitize invoices, and automate financial workflows. Products and services include tools for invoice processing, bill payment, customer invoicing, payment collection, and spend and expense management. BILL also connects businesses with suppliers, customers, and accounting software, helping reduce manual data entry and coordinate financial information.