Plato Investment Management Ltd Takes $367,000 Position in BILL Holdings, Inc. (NYSE:BILL)

Plato Investment Management Ltd bought a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) 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 stock traded down $1.97 on Friday, hitting $46.17. 1,442,459 shares of the company’s stock were exchanged, compared to its average volume of 1,946,525. The firm has a 50 day moving average price of $51.26 and a two-hundred day moving average price of $60.51. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.28. BILL Holdings, Inc. has a 12-month low of $44.13 and a 12-month high of $119.32.

BILL (NYSE:BILL) 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.