Insider Buying: BILL Holdings, Inc. (NYSE:BILL) Director Purchases 5,000 Shares of Stock

BILL Holdings, Inc. (NYSE:BILL) Director Brian Jacobs purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average price of $53.16 per share, with a total value of $265,800.00. Following the purchase, the director now directly owns 9,559 shares in the company, valued at approximately $508,156.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BILL Price Performance

BILL opened at $54.98 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $5.84 billion, a P/E ratio of -69.59 and a beta of 1.61. The stock has a 50-day moving average price of $50.46 and a 200-day moving average price of $56.85. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $119.32.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. The business had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the business earned $0.10 earnings per share. Equities analysts predict that BILL Holdings, Inc. will post -0.19 earnings per share for the current fiscal year.

Institutional Trading of BILL

Several hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its stake in shares of BILL by 3.8% during the first quarter. Fifth Third Bancorp now owns 4,562 shares of the company’s stock valued at $314,000 after buying an additional 168 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in BILL by 5.2% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,440 shares of the company’s stock valued at $281,000 after acquiring an additional 170 shares during the period. Advisory Services Network LLC grew its position in BILL by 8.4% during the 4th quarter. Advisory Services Network LLC now owns 2,640 shares of the company’s stock worth $215,000 after acquiring an additional 205 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in BILL by 4.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock worth $449,000 after purchasing an additional 257 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after purchasing an additional 282 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BILL shares. The Goldman Sachs Group downgraded shares of BILL from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $86.00 to $54.00 in a report on Friday, August 23rd. BMO Capital Markets reduced 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 note on Monday. Evercore ISI lowered their target price on shares of BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a report on Friday, August 23rd. UBS Group cut their price target on BILL from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Wells Fargo & Company decreased their price objective on BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th. 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.