16,651 BILL Holdings, Inc. $BILL Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its holdings in BILL Holdings, Inc. (NYSE:BILL) by 63.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,691 shares of the company’s stock after selling 16,651 shares during the quarter. Sterling Capital Management LLC’s holdings in BILL were worth $412,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its stake in shares of BILL by 147.3% during the second quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after purchasing an additional 430 shares in the last quarter. State of Wyoming bought a new position in BILL in the first quarter worth approximately $32,000. Rockefeller Capital Management L.P. raised its stake in BILL by 173.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock worth $39,000 after buying an additional 452 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in BILL in the first quarter worth approximately $57,000. Finally, Ascentis Independent Advisors bought a new position in BILL in the first quarter worth approximately $58,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Trading Up 0.8%

NYSE:BILL opened at $48.42 on Friday. BILL Holdings, Inc. has a 12 month low of $31.41 and a 12 month high of $57.21. The firm has a fifty day simple moving average of $46.96 and a 200-day simple moving average of $42.66. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $4.16 billion, a P/E ratio of 39.69, a PEG ratio of 0.70 and a beta of 1.13.

BILL (NYSE:BILL) last released its earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.13. The firm had revenue of $436.19 million for the quarter, compared to the consensus estimate of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $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 anticipate that BILL Holdings, Inc. will post 2.29 earnings per share for the current year.

Insider Activity

In related news, insider Michael Cieri sold 10,754 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $49.13, for a total value of $528,344.02. Following 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 141,256 shares of the firm’s stock in a transaction that occurred on 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 $4,885,529.58. This represents a 58.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 267,997 shares of company stock valued at $13,057,984. Company insiders own 13.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on BILL shares. BMO Capital Markets increased their target price on BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 20th. Morgan Stanley raised their price objective on BILL from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, August 20th. Needham & Company LLC reiterated a “buy” rating on shares of BILL in a research note on Thursday, August 20th. Weiss Ratings downgraded shares of BILL from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 31st. Finally, Truist Financial decreased their price target on shares of BILL from $52.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, October 23rd. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BILL currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.56.

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.