SG Americas Securities LLC Sells 61,776 Shares of BILL Holdings, Inc. $BILL

SG Americas Securities LLC decreased its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 30.5% in the first quarter, Holdings Channel reports. The fund owned 140,845 shares of the company’s stock after selling 61,776 shares during the period. SG Americas Securities LLC’s holdings in BILL were worth $5,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its position in shares of BILL by 173.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock valued at $39,000 after purchasing an additional 452 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of BILL during the 4th quarter worth about $10,892,000. Pacer Advisors Inc. boosted its stake in BILL by 49.1% during the 4th quarter. Pacer Advisors Inc. now owns 18,023 shares of the company’s stock valued at $983,000 after purchasing an additional 5,933 shares during the period. Alberta Investment Management Corp bought a new stake in BILL during the 4th quarter valued at approximately $1,505,000. Finally, XTX Topco Ltd acquired a new stake in BILL in the 4th quarter valued at approximately $1,839,000. 97.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Zacks Research raised BILL from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Keefe, Bruyette & Woods upped their target price on shares of BILL from $42.00 to $49.00 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. reduced their price target on shares of BILL from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, June 5th. Finally, Wall Street Zen downgraded shares of BILL from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.19.

More BILL News

Here are the key news stories impacting BILL this week:

• Negative Sentiment: Wall Street Zen downgraded BILL Holdings (BILL) to Hold, a negative signal for near-term investor sentiment. Wall Street Zen Downgrades BILL (NYSE:BILL) to Hold
• Neutral Sentiment: Most of the other articles focus on political and policy news, including housing legislation and Social Security tax proposals, and do not appear to have a direct operational impact on BILL Holdings. Housing Advocates Urge Trump To Act After He Abruptly Cancels Bill Signing

BILL Stock Performance

BILL opened at $35.50 on Monday. The stock’s 50 day simple moving average is $36.51 and its 200-day simple moving average is $42.60. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. The stock has a market cap of $3.54 billion, a PE ratio of -3,546.65, a P/E/G ratio of 1.25 and a beta of 1.20. BILL Holdings, Inc. has a 1 year low of $31.41 and a 1 year high of $57.21.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.55 by $0.13. The firm had revenue of $406.56 million during the quarter, compared to analysts’ expectations of $403.76 million. BILL had a return on equity of 2.40% and a net margin of 0.01%.BILL’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $0.50 earnings per share. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. Sell-side analysts forecast that BILL Holdings, Inc. will post 0.95 EPS for the current year.

BILL Profile

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.