16,814 Shares in BILL Holdings, Inc. $BILL Acquired by Greenland Capital Management LP

Greenland Capital Management LP bought a new stake in BILL Holdings, Inc. (NYSE:BILL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,814 shares of the company’s stock, valued at approximately $608,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in BILL during the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of BILL by 972.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock worth $28,000 after purchasing an additional 486 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of BILL by 173.8% in the 4th 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. Versant Capital Management Inc boosted its stake in shares of BILL by 147.3% in the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after purchasing an additional 430 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of BILL by 1,000.0% in the 4th quarter. CWM LLC now owns 803 shares of the company’s stock valued at $44,000 after purchasing an additional 730 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Price Performance

Shares of NYSE:BILL opened at $49.11 on Tuesday. BILL Holdings, Inc. has a twelve month low of $31.41 and a twelve month high of $57.21. The stock’s 50 day moving average is $45.73 and its 200-day moving average is $40.94. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of -377.77, a PEG ratio of 0.74 and a beta of 1.10.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BILL. Needham & Company LLC reissued a “buy” rating on shares of BILL in a research note on Thursday, August 20th. Weiss Ratings lowered shares of BILL from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 31st. TD Cowen initiated coverage on shares of BILL in a research report on Monday, June 22nd. They set a “buy” rating and a $43.00 price target on the stock. The Goldman Sachs Group increased their price target on BILL from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Wall Street Zen raised BILL from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.67.

Insider Transactions at BILL

In other news, CEO Rene A. Lacerte sold 141,256 shares of the firm’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 value of $6,839,615.52. Following the transaction, the chief executive officer owned 100,899 shares in the company, valued at $4,885,529.58. This trade represents a 58.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Cieri sold 10,754 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.13, for a total transaction of $528,344.02. Following the completion of the sale, the insider directly owned 997 shares of the company’s stock, valued at $48,982.61. The trade was a 91.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 267,997 shares of company stock valued at $13,057,984 in the last quarter. Company insiders own 13.20% of the company’s stock.

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.