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

WINTON GROUP Ltd purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 123,671 shares of the company’s stock, valued at approximately $4,472,000. WINTON GROUP Ltd owned approximately 0.15% of BILL at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new stake in shares of BILL during the second quarter valued at approximately $965,000. Integrated Wealth Concepts LLC purchased a new stake in BILL in the 2nd quarter worth about $169,000. Nykredit A S bought a new stake in shares of BILL in the second quarter valued at approximately $143,000. Alternative Investment Advisors LLC. bought a new stake in BILL during the 2nd quarter valued at $2,504,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of BILL during the 2nd quarter valued at $383,000. 97.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group raised their price target on shares of BILL from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Wolfe Research upped their price objective on BILL from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. BMO Capital Markets increased their price objective on BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 20th. Truist Financial lifted their price target on shares of BILL from $44.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, September 1st. Finally, Keefe, Bruyette & Woods boosted their target price on BILL from $46.00 to $54.00 and gave the company a “market perform” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.67.

Insider Buying and Selling

In other BILL news, insider Michael Cieri sold 10,754 shares of BILL stock in a transaction dated Monday, August 31st. The shares were 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 filing with the Securities & Exchange Commission, which is accessible 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 business’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 completion of the transaction, the chief executive officer owned 100,899 shares of the company’s stock, valued at approximately $4,885,529.58. The trade was a 58.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 267,997 shares of company stock valued at $13,057,984. 13.20% of the stock is owned by corporate insiders.

BILL Stock Performance

BILL stock opened at $47.67 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 1.51. BILL Holdings, Inc. has a fifty-two week low of $31.41 and a fifty-two week high of $57.21. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of -366.69, a PEG ratio of 0.72 and a beta of 1.10. The stock’s 50 day simple moving average is $46.29 and its two-hundred day simple moving average is $40.98.

BILL (NYSE:BILL) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $436.19 million during 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 quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. As a group, analysts expect that BILL Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

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.