Royal London Asset Management Ltd. Buys 1,618 Shares of BILL Holdings, Inc. (NYSE:BILL)

Royal London Asset Management Ltd. raised its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,827 shares of the company’s stock after acquiring an additional 1,618 shares during the quarter. Royal London Asset Management Ltd.’s holdings in BILL were worth $3,249,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BILL. Coatue Management LLC bought a new stake in BILL during the 4th quarter worth about $163,218,000. Norges Bank acquired a new position in shares of BILL in the fourth quarter valued at approximately $95,702,000. Lone Pine Capital LLC increased its position in shares of BILL by 39.7% during the third quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock worth $276,494,000 after acquiring an additional 723,151 shares in the last quarter. Contour Asset Management LLC acquired a new stake in shares of BILL during the fourth quarter worth $49,509,000. Finally, Gotham Asset Management LLC lifted its position in BILL by 14,421.8% in the 4th quarter. Gotham Asset Management LLC now owns 508,408 shares of the company’s stock valued at $41,481,000 after acquiring an additional 504,907 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BILL. Mizuho decreased their price target on shares of BILL from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. BMO Capital Markets decreased their target price on BILL from $82.00 to $75.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Jefferies Financial Group cut their price target on BILL from $95.00 to $80.00 and set a “buy” rating for the company in a report on Monday, April 29th. Robert W. Baird decreased their price objective on shares of BILL from $74.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Finally, Canaccord Genuity Group restated a “buy” rating and set a $100.00 target price on shares of BILL in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.21.

BILL Stock Up 0.1 %

NYSE BILL traded up $0.03 during mid-day trading on Friday, reaching $48.43. The stock had a trading volume of 1,911,220 shares, compared to its average volume of 1,777,696. The company has a fifty day moving average price of $57.23 and a 200 day moving average price of $66.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.63. BILL Holdings, Inc. has a 1 year low of $48.00 and a 1 year high of $139.50.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.17. The business had revenue of $323.03 million during the quarter, compared to analyst estimates of $305.23 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. Analysts anticipate that BILL Holdings, Inc. will post -0.16 EPS for the current year.

Insider Activity at BILL

In other news, insider Rajesh A. Aji sold 2,616 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.60, for a total value of $134,985.60. Following the sale, the insider now directly owns 9,126 shares in the company, valued at approximately $470,901.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Germaine Cota sold 642 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.59, for a total transaction of $33,120.78. Following the transaction, the senior vice president now directly owns 6,057 shares in the company, valued at approximately $312,480.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajesh A. Aji sold 2,616 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $51.60, for a total transaction of $134,985.60. Following the completion of the sale, the insider now directly owns 9,126 shares in the company, valued at $470,901.60. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

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.