BILL Holdings, Inc. (NYSE:BILL) SVP Germaine Cota Sells 803 Shares

BILL Holdings, Inc. (NYSE:BILL) SVP Germaine Cota sold 803 shares of BILL stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.75, for a total value of $43,964.25. Following the completion of the sale, the senior vice president now directly owns 6,861 shares in the company, valued at $375,639.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

BILL Stock Up 3.7 %

NYSE:BILL opened at $54.69 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.63. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $119.32. The company has a 50-day moving average of $51.06 and a 200 day moving average of $56.50. The firm has a market cap of $5.80 billion, a PE ratio of -69.23 and a beta of 1.61.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.11. The firm had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. As a group, research analysts anticipate that BILL Holdings, Inc. will post -0.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets lowered their price objective 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. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $100.00 price target on shares of BILL in a report on Friday, August 23rd. JPMorgan Chase & Co. dropped their price target on BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Susquehanna restated a “positive” rating and set a $100.00 price objective on shares of BILL in a research report on Monday, August 19th. Finally, Evercore ISI lowered their price objective on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, BILL has a consensus rating of “Hold” and an average price target of $69.18.

Hedge Funds Weigh In On BILL

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of BILL by 7.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 508,364 shares of the company’s stock worth $41,484,000 after acquiring an additional 36,233 shares in the last quarter. Coatue Management LLC acquired a new position in BILL during the 4th quarter valued at about $163,218,000. Vanguard Group Inc. raised its stake in BILL by 1.0% in the first quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock valued at $685,573,000 after buying an additional 94,786 shares during the last quarter. Contour Asset Management LLC acquired a new stake in BILL in the fourth quarter worth about $49,509,000. Finally, Victory Capital Management Inc. grew its stake in shares of BILL by 23.4% during the fourth quarter. Victory Capital Management Inc. now owns 13,734 shares of the company’s stock worth $1,121,000 after acquiring an additional 2,604 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

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.