BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. decreased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 84.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,676 shares of the company’s stock after selling 45,961 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in BILL were worth $458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in shares of BILL by 30.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after buying an additional 259 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in BILL by 531.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 152,282 shares of the company’s stock valued at $8,034,000 after acquiring an additional 128,148 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in BILL in the third quarter valued at $2,428,000. IVY Lane Capital Management LLC purchased a new position in shares of BILL during the third quarter worth about $8,442,000. Finally, LMR Partners LLP increased its position in shares of BILL by 728.6% during the third quarter. LMR Partners LLP now owns 79,608 shares of the company’s stock worth $4,200,000 after purchasing an additional 70,000 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Trading Up 1.7 %

Shares of BILL stock opened at $91.51 on Friday. The business’s fifty day moving average price is $62.24 and its 200 day moving average price is $55.46. The firm has a market capitalization of $9.47 billion, a PE ratio of -277.30 and a beta of 1.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $92.16.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. The business had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. BILL had a net margin of 0.59% and a return on equity of 1.54%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. As a group, sell-side analysts forecast that BILL Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other BILL news, CEO Rene A. Lacerte acquired 42,248 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the purchase, the chief executive officer now owns 184,249 shares in the company, valued at approximately $9,138,750.40. The trade was a 29.75 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John R. Rettig bought 21,124 shares of the business’s stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $49.40 per share, with a total value of $1,043,525.60. Following the transaction, the chief financial officer now owns 80,474 shares of the company’s stock, valued at $3,975,415.60. The trade was a 35.59 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 68,372 shares of company stock worth $3,404,826 and have sold 6,112 shares worth $398,910. 4.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BILL has been the subject of a number of research analyst reports. Robert W. Baird upped their target price on BILL from $62.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. UBS Group lowered their target price on shares of BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. BMO Capital Markets reduced their price target on shares of BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research report on Monday, August 26th. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Thursday, September 12th. Finally, Mizuho dropped their price objective on shares of BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $74.65.

About BILL

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.