39,966 Shares in BILL Holdings, Inc. (NYSE:BILL) Bought by Cohen Capital Management Inc.

Cohen Capital Management Inc. bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the 1st quarter, HoldingsChannel.com reports. The fund bought 39,966 shares of the company’s stock, valued at approximately $2,746,000.

Several other institutional investors and hedge funds have also bought and sold shares of BILL. Quest Partners LLC bought a new position in shares of BILL in the fourth quarter valued at $35,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of BILL by 57.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after purchasing an additional 295 shares in the last quarter. Garner Asset Management Corp bought a new position in shares of BILL during the fourth quarter valued at about $90,000. Principal Securities Inc. bought a new position in shares of BILL during the fourth quarter valued at about $138,000. Finally, EMC Capital Management bought a new position in shares of BILL during the fourth quarter valued at about $163,000. 97.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BILL shares. Wells Fargo & Company reissued an “underweight” rating and set a $60.00 price target (down from $70.00) on shares of BILL in a research report on Monday, April 1st. Keefe, Bruyette & Woods decreased their price objective on shares of BILL from $70.00 to $60.00 and set a “market perform” rating for the company in a report on Monday. William Blair restated a “market perform” rating on shares of BILL in a report on Friday, May 3rd. Mizuho decreased their price objective on shares of BILL from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of BILL in a report on Monday, June 10th. One investment 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.24.

BILL Price Performance

BILL stock traded up $0.69 during midday trading on Thursday, reaching $50.88. 1,625,079 shares of the stock were exchanged, compared to its average volume of 2,013,626. The company’s fifty day moving average is $52.68 and its 200-day moving average is $63.21. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market cap of $5.40 billion, a PE ratio of -64.41 and a beta of 1.61. BILL Holdings, Inc. has a 52 week low of $45.90 and a 52 week high of $139.50.

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

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.