Plato Investment Management Ltd bought a new stake in shares of BILL Holdings, Inc. (NYSE:BILL – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,339 shares of the company’s stock, valued at approximately $367,000.
Other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of BILL by 10,361.9% during the 4th quarter. Fifth Third Bancorp now owns 4,394 shares of the company’s stock worth $359,000 after buying an additional 4,352 shares during the last quarter. Oak Thistle LLC acquired a new stake in BILL in the 4th quarter valued at approximately $896,000. WoodTrust Financial Corp acquired a new stake in BILL in the 4th quarter valued at approximately $277,000. Arizona State Retirement System increased its holdings in BILL by 1.1% in the 4th quarter. Arizona State Retirement System now owns 26,369 shares of the company’s stock valued at $2,151,000 after purchasing an additional 275 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of BILL by 3.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 39,998 shares of the company’s stock worth $3,332,000 after acquiring an additional 1,414 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at BILL
In related news, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related 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 directly owns 9,126 shares in the company, valued at $470,901.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Germaine Cota sold 642 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $51.59, for a total transaction of $33,120.78. Following 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. 3.80% of the stock is owned by insiders.
BILL Stock Down 4.1 %
BILL (NYSE:BILL – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $305.23 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. Analysts forecast that BILL Holdings, Inc. will post -0.19 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, July 26th. Wolfe Research lowered shares of BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday. Jefferies Financial Group reduced their price target on shares of BILL from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. BMO Capital Markets cut their price objective on shares of BILL from $82.00 to $75.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Finally, Oppenheimer lowered their target price on shares of BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, BILL presently has an average rating of “Moderate Buy” and a consensus target price of $87.94.
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.
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