BILL Holdings, Inc. $BILL Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 5.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,841 shares of the company’s stock after selling 10,866 shares during the quarter. Principal Financial Group Inc.’s holdings in BILL were worth $10,797,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BILL. Greenhouse Funds LLLP grew its holdings in BILL by 23.0% in the second quarter. Greenhouse Funds LLLP now owns 2,889,979 shares of the company’s stock valued at $133,690,000 after purchasing an additional 541,213 shares during the period. Senvest Management LLC boosted its holdings in shares of BILL by 96.2% in the 2nd quarter. Senvest Management LLC now owns 1,827,889 shares of the company’s stock valued at $84,558,000 after purchasing an additional 896,393 shares during the last quarter. Nomura Holdings Inc. increased its holdings in shares of BILL by 7,753.6% during the 2nd quarter. Nomura Holdings Inc. now owns 1,486,762 shares of the company’s stock worth $68,778,000 after buying an additional 1,467,831 shares during the last quarter. Federated Hermes Inc. raised its position in shares of BILL by 96.3% in the 2nd quarter. Federated Hermes Inc. now owns 1,303,473 shares of the company’s stock worth $60,299,000 after buying an additional 639,502 shares during the period. Finally, Norges Bank purchased a new position in shares of BILL in the 2nd quarter worth $52,908,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Stock Performance

NYSE:BILL opened at $47.14 on Thursday. The firm has a 50-day moving average of $50.66 and a two-hundred day moving average of $49.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.67. The stock has a market cap of $4.66 billion, a P/E ratio of -196.40, a PEG ratio of 6.20 and a beta of 1.30. BILL Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $61.75.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. BILL had a positive return on equity of 1.70% and a negative net margin of 1.56%.The business had revenue of $414.67 million for the quarter, compared to analysts’ expectations of $399.71 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The company’s revenue was up 14.4% compared to the same quarter last year. BILL has set its Q3 2026 guidance at 0.530-0.570 EPS and its FY 2026 guidance at 2.330-2.410 EPS. On average, research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Germaine Cota sold 1,104 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $51.23, for a total value of $56,557.92. Following the sale, the senior vice president directly owned 10,812 shares of the company’s stock, valued at $553,898.76. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Zacks Research upgraded BILL from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Oppenheimer increased their target price on shares of BILL from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. William Blair restated a “market perform” rating on shares of BILL in a report on Friday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of BILL from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BILL in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.30.

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.