WINTON GROUP Ltd Buys Shares of 123,671 BILL Holdings, Inc. $BILL

WINTON GROUP Ltd acquired a new position in BILL Holdings, Inc. (NYSE:BILL) during the 2nd quarter, Holdings Channel reports. The firm acquired 123,671 shares of the company’s stock, valued at approximately $4,472,000.

A number of other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in shares of BILL by 50.3% in the first quarter. Empowered Funds LLC now owns 8,002 shares of the company’s stock worth $367,000 after buying an additional 2,678 shares during the period. Prudential Financial Inc. boosted its position in shares of BILL by 19.6% during the second quarter. Prudential Financial Inc. now owns 9,992 shares of the company’s stock worth $462,000 after acquiring an additional 1,637 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of BILL by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 167,487 shares of the company’s stock valued at $7,748,000 after purchasing an additional 3,602 shares during the last quarter. AXA S.A. grew its holdings in BILL by 121.7% during the 2nd quarter. AXA S.A. now owns 58,346 shares of the company’s stock valued at $2,699,000 after buying an additional 32,024 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of BILL in the second quarter valued at $1,624,000. 97.99% of the stock is owned by institutional investors.

BILL Trading Down 0.6%

NYSE BILL opened at $47.67 on Friday. The stock has a market cap of $4.07 billion, a P/E ratio of -366.69, a P/E/G ratio of 0.72 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. The company has a fifty day simple moving average of $46.29 and a two-hundred day simple moving average of $40.98. BILL Holdings, Inc. has a 12-month low of $31.41 and a 12-month high of $57.21.

BILL (NYSE:BILL) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.13. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The business had revenue of $436.19 million for the quarter, compared to the consensus estimate of $430.55 million. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. 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, analysts forecast that BILL Holdings, Inc. will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In other BILL news, insider Michael Cieri sold 10,754 shares of the business’s stock in a transaction that occurred on 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 directly owned 997 shares of the company’s stock, valued at approximately $48,982.61. The trade was a 91.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 BILL stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $48.42, for a total transaction of $6,839,615.52. Following the completion of the transaction, the chief executive officer directly owned 100,899 shares of the company’s stock, valued at $4,885,529.58. The trade was a 58.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 267,997 shares of company stock valued at $13,057,984 over the last 90 days. 13.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings lowered BILL from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. cut their price target on shares of BILL from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. UBS Group raised their price objective on BILL from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. BTIG Research reissued a “buy” rating and set a $60.00 target price on shares of BILL in a research report on Thursday, August 20th. Finally, Keefe, Bruyette & Woods upped their price objective on BILL from $46.00 to $54.00 and gave the stock a “market perform” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BILL has an average rating of “Moderate Buy” and an average price target of $58.67.

About BILL

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.