Taylor Frigon Capital Management LLC Sells 20,075 Shares of BILL Holdings, Inc. $BILL

Taylor Frigon Capital Management LLC lessened its position in BILL Holdings, Inc. (NYSE:BILL) by 26.9% in the 3rd quarter, Holdings Channel reports. The fund owned 54,496 shares of the company’s stock after selling 20,075 shares during the period. Taylor Frigon Capital Management LLC’s holdings in BILL were worth $2,318,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in BILL by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the company’s stock worth $118,366,000 after purchasing an additional 126,427 shares during the period. Sepio Capital LP grew its position in BILL by 1,251.6% during the 3rd quarter. Sepio Capital LP now owns 1,304,267 shares of the company’s stock worth $55,484,000 after purchasing an additional 1,207,769 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in BILL during the 2nd quarter valued at $14,894,000. Algert Global LLC raised its stake in BILL by 113.8% during the 2nd quarter. Algert Global LLC now owns 385,264 shares of the company’s stock valued at $13,931,000 after purchasing an additional 205,024 shares during the period. Finally, Quantinno Capital Management LP raised its stake in BILL by 231.1% during the 1st quarter. Quantinno Capital Management LP now owns 357,007 shares of the company’s stock valued at $13,673,000 after purchasing an additional 249,191 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BILL. Jefferies Financial Group lowered BILL from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. UBS Group raised their target price on BILL from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Truist Financial lowered their price target on BILL from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Friday. Needham & Company LLC reissued a “buy” rating on shares of BILL in a research report on Thursday, August 20th. Finally, Wall Street Zen raised 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, eleven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.56.

Insider Buying and Selling

In other news, insider Michael Cieri sold 10,754 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.13, for a total transaction of $528,344.02. Following the transaction, the insider directly owned 997 shares in the company, valued at $48,982.61. The trade was a 91.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, CEO Rene A. Lacerte sold 42,248 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $50.17, for a total transaction of $2,119,582.16. Following the transaction, the chief executive officer owned 163,125 shares in the company, valued at approximately $8,183,981.25. This represents a 20.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 267,997 shares of company stock valued at $13,057,984. Insiders own 13.20% of the company’s stock.

BILL Price Performance

NYSE BILL opened at $50.74 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of -390.32, a price-to-earnings-growth ratio of 0.74 and a beta of 1.13. The company has a 50 day simple moving average of $46.93 and a 200-day simple moving average of $42.07. BILL Holdings, Inc. has a 52-week low of $31.41 and a 52-week high of $57.21.

BILL (NYSE:BILL) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The firm had revenue of $436.19 million for the quarter, compared to the consensus estimate of $430.55 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. Equities research analysts predict that BILL Holdings, Inc. will post 2.30 earnings per share for the current fiscal year.

BILL Company Profile

BILL Holdings, Inc provides financial operations software for small and midsize businesses, accountants and financial institutions. Its cloud-based platform is designed to automate and simplify back-office processes, including accounts payable, accounts receivable, expense management, budgeting and payments.

The company’s offerings enable businesses to receive and pay bills, send invoices, manage expenses, establish spending controls and connect financial workflows with accounting systems.