Handelsinvest Investeringsforvaltning Sells 1,306 Shares of BILL Holdings, Inc. (NYSE:BILL)

Handelsinvest Investeringsforvaltning lessened its holdings in BILL Holdings, Inc. (NYSE:BILL) by 34.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,517 shares of the company’s stock after selling 1,306 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in BILL were worth $173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in BILL in the 4th quarter valued at $35,000. Garner Asset Management Corp bought a new stake in BILL in the 4th quarter valued at $90,000. Principal Securities Inc. bought a new stake in shares of BILL in the 4th quarter worth about $138,000. EMC Capital Management bought a new stake in shares of BILL in the 4th quarter worth about $163,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of BILL by 19.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,534 shares of the company’s stock worth $207,000 after purchasing an additional 415 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BILL shares. BMO Capital Markets lowered their target price on shares of BILL from $82.00 to $75.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. BNP Paribas raised shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 target price on the stock in a report on Wednesday, March 13th. Piper Sandler lowered their target price on shares of BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Canaccord Genuity Group reiterated a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Friday, May 3rd. Finally, Robert W. Baird reduced their price target on shares of BILL from $74.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, BILL currently has an average rating of “Moderate Buy” and an average price target of $93.78.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 642 shares of the business’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 value of $33,120.78. Following the transaction, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at $312,480.63. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Germaine Cota sold 642 shares of the company’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 transaction, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at $312,480.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rajesh A. Aji sold 2,616 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $51.60, for a total value of $134,985.60. Following the transaction, the insider now directly owns 9,126 shares in the company, valued at $470,901.60. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

BILL Stock Down 0.6 %

Shares of NYSE BILL opened at $53.20 on Thursday. The stock’s fifty day moving average is $53.98 and its 200 day moving average is $64.35. BILL Holdings, Inc. has a 52 week low of $45.90 and a 52 week high of $139.50. The stock has a market capitalization of $5.65 billion, a P/E ratio of -67.34 and a beta of 1.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. The firm had revenue of $323.03 million for the quarter, compared to analyst estimates of $305.23 million. Sell-side analysts forecast that BILL Holdings, Inc. will post -0.19 earnings per share for the current fiscal year.

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.