Counterpoint Mutual Funds LLC Invests $291,000 in BILL Holdings, Inc. (NYSE:BILL)

Counterpoint Mutual Funds LLC bought a new position in BILL Holdings, Inc. (NYSE:BILL) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,233 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds have also modified their holdings of BILL. Coatue Management LLC acquired a new position in shares of BILL in the 4th quarter worth approximately $163,218,000. Norges Bank bought a new stake in BILL during the 4th quarter worth approximately $95,702,000. Lone Pine Capital LLC grew its position in BILL by 39.7% during the 3rd 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 during the last quarter. Contour Asset Management LLC bought a new stake in BILL during the 4th quarter worth approximately $49,509,000. Finally, Gotham Asset Management LLC grew its position in BILL by 14,421.8% during the 4th quarter. Gotham Asset Management LLC now owns 508,408 shares of the company’s stock worth $41,481,000 after acquiring an additional 504,907 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. William Blair restated a “market perform” rating on shares of BILL in a research report on Friday, May 3rd. Robert W. Baird decreased their price target on BILL from $74.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Mizuho decreased their price target on BILL from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Wells Fargo & Company reiterated an “underweight” rating and issued a $60.00 price objective (down from $70.00) on shares of BILL in a research report on Monday, April 1st. Finally, Piper Sandler decreased their price objective on BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.21.

BILL Trading Up 2.2 %

BILL stock traded up $1.05 during mid-day trading on Wednesday, hitting $49.26. 1,249,329 shares of the company’s stock were exchanged, compared to its average volume of 2,073,079. The firm has a market capitalization of $5.23 billion, a P/E ratio of -62.19 and a beta of 1.61. BILL Holdings, Inc. has a fifty-two week low of $45.90 and a fifty-two week high of $139.50. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.28. The company’s 50 day simple moving average is $55.07 and its 200-day simple moving average is $65.20.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.17. The business had revenue of $323.03 million for the quarter, compared to the consensus estimate of $305.23 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. On average, equities analysts anticipate that BILL Holdings, Inc. will post -0.19 earnings per share for the current year.

Insider Buying and Selling

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

BILL Company 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.