BILL Holdings, Inc. (NYSE:BILL) Insider Sells $136,058.78 in Stock

BILL Holdings, Inc. (NYSE:BILL) insider Rajesh A. Aji sold 2,486 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.73, for a total transaction of $136,058.78. Following the completion of the transaction, the insider now directly owns 7,812 shares in the company, valued at approximately $427,550.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BILL Stock Performance

Shares of BILL stock opened at $54.69 on Thursday. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $119.32. The company has a quick ratio of 1.63, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.80 billion, a PE ratio of -69.23 and a beta of 1.61. The business has a fifty day simple moving average of $51.06 and a 200-day simple moving average of $56.50.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The firm had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. During the same period last year, the company posted $0.10 EPS. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, sell-side analysts anticipate that BILL Holdings, Inc. will post -0.51 EPS for the current fiscal year.

Institutional Trading of BILL

Institutional investors have recently made changes to their positions in the stock. Quest Partners LLC acquired a new position in BILL in the 4th quarter valued at approximately $35,000. Advisors Asset Management Inc. grew its holdings in shares of BILL by 75.0% during the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after acquiring an additional 282 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of BILL during the 2nd quarter valued at $46,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after acquiring an additional 295 shares during the last quarter. Finally, Garner Asset Management Corp purchased a new stake in shares of BILL during the fourth quarter worth $90,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BILL shares. Robert W. Baird reduced their price objective on BILL from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Mizuho decreased their price objective on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. JPMorgan Chase & Co. cut their target price on BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. The Goldman Sachs Group lowered BILL from a “buy” rating to a “neutral” rating and lowered their price target for the company from $86.00 to $54.00 in a report on Friday, August 23rd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $100.00 price objective on shares of BILL in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $69.18.

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.