New York State Common Retirement Fund Sells 168,685 Shares of BILL Holdings, Inc. $BILL

New York State Common Retirement Fund cut its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 79.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,640 shares of the company’s stock after selling 168,685 shares during the quarter. New York State Common Retirement Fund’s holdings in BILL were worth $2,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BILL. Skandinaviska Enskilda Banken AB publ raised its stake in BILL by 957.8% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 3,882 shares of the company’s stock worth $180,000 after buying an additional 3,515 shares during the last quarter. Norges Bank purchased a new position in BILL during the 2nd quarter worth $52,908,000. Quadrature Capital Ltd boosted its stake in shares of BILL by 482.8% in the 2nd quarter. Quadrature Capital Ltd now owns 59,664 shares of the company’s stock worth $2,759,000 after buying an additional 49,427 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in BILL by 0.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 101,302 shares of the company’s stock valued at $4,686,000 after purchasing an additional 470 shares during the period. Finally, Quadrant Capital Group LLC grew its position in BILL by 114.3% during the second quarter. Quadrant Capital Group LLC now owns 8,102 shares of the company’s stock valued at $375,000 after buying an additional 4,321 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

Insider Transactions at BILL

In other BILL news, SVP Germaine Cota sold 1,104 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $51.23, for a total transaction of $56,557.92. Following the completion of the transaction, the senior vice president owned 10,812 shares of the company’s stock, valued at $553,898.76. This represents a 9.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 13.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BILL shares. William Blair reissued a “market perform” rating on shares of BILL in a report on Friday, November 7th. Citigroup upgraded shares of BILL to a “strong-buy” rating in a research note on Thursday, October 23rd. Truist Financial dropped their price target on shares of BILL from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Mizuho cut their price objective on shares of BILL from $50.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. Finally, Evercore ISI cut their price objective on shares of BILL from $50.00 to $48.00 and set an “in-line” rating for the company in a research report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BILL presently has a consensus rating of “Moderate Buy” and an average target price of $58.86.

BILL Stock Performance

NYSE:BILL opened at $54.41 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.67 and a current ratio of 1.67. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The business has a 50 day moving average price of $50.25 and a 200-day moving average price of $47.34. The firm has a market cap of $5.45 billion, a PE ratio of -201.50, a price-to-earnings-growth ratio of 7.54 and a beta of 1.35.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.10. The business had revenue of $395.74 million during the quarter, compared to analysts’ expectations of $390.91 million. BILL had a net margin of 0.79% and a return on equity of 1.39%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 EPS. BILL has set its FY 2026 guidance at 2.110-2.250 EPS and its Q2 2026 guidance at 0.540-0.570 EPS. Equities research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 27th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to buy up to 7.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

BILL Company 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.