Jupiter Topco LLC Makes New $1.41 Million Investment in BILL Holdings, Inc. $BILL

Jupiter Topco LLC bought a new stake in BILL Holdings, Inc. (NYSE:BILL) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 39,000 shares of the company’s stock, valued at approximately $1,410,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of BILL during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd raised its holdings in 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. raised its holdings in BILL by 173.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock worth $39,000 after purchasing an additional 452 shares during the period. Versant Capital Management Inc raised its stake in shares of BILL by 147.3% in the second quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock worth $26,000 after buying an additional 430 shares during the period. Finally, CWM LLC raised its stake in shares of BILL by 1,000.0% in the fourth quarter. CWM LLC now owns 803 shares of the company’s stock worth $44,000 after buying an additional 730 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BILL

In other BILL news, insider Michael Cieri sold 10,754 shares of BILL 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 sale, the insider owned 997 shares of the company’s stock, valued at $48,982.61. The trade was a 91.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 Lacerte sold 141,256 shares of the company’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 sale, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 267,997 shares of company stock valued at $13,057,984 in the last 90 days. 13.20% of the stock is currently owned by company insiders.

BILL Stock Down 3.4%

BILL opened at $49.11 on Friday. The company has a market capitalization of $4.19 billion, a PE ratio of -377.77, a price-to-earnings-growth ratio of 0.76 and a beta of 1.10. The firm has a 50-day simple moving average of $45.47 and a two-hundred day simple moving average of $40.96. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. BILL Holdings, Inc. has a 52 week low of $31.41 and a 52 week high of $57.21.

BILL (NYSE:BILL) last issued its earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) 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 analysts’ expectations of $430.55 million. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The business’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm 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. Analysts forecast that BILL Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

BILL has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating on shares of BILL in a research report on Thursday, August 20th. BTIG Research restated a “buy” rating and set a $60.00 price objective on shares of BILL in a research report on Thursday, August 20th. Keefe, Bruyette & Woods upped their target price on shares of BILL from $46.00 to $54.00 and gave the stock a “market perform” rating in a report on Thursday, August 20th. UBS Group increased their price target on BILL from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, Wolfe Research raised their price target on BILL from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. 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 company’s stock. Based on data from MarketBeat, BILL currently has an average rating of “Moderate Buy” and an average target price of $58.67.

BILL 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. It also offers onboarding implementation support, and ongoing support and training services.