American Century Companies Inc. Boosts Stock Position in BILL Holdings, Inc. (NYSE:BILL)

American Century Companies Inc. grew its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,273 shares of the company’s stock after purchasing an additional 709 shares during the quarter. American Century Companies Inc.’s holdings in BILL were worth $9,012,000 at the end of the most recent reporting period.

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

BILL Stock Down 0.9 %

BILL stock opened at $54.26 on Monday. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $118.69. The firm has a market cap of $5.76 billion, a PE ratio of -68.68 and a beta of 1.61. The business has a 50 day moving average of $51.32 and a 200 day moving average of $55.57. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22.

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, topping analysts’ consensus estimates of $0.46 by $0.11. The company had revenue of $343.67 million for 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%. BILL’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. On average, research analysts forecast that BILL Holdings, Inc. will post -0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group lowered their target price on BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Oppenheimer lowered their price objective on BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. BMO Capital Markets cut their target price 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. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of BILL in a research report on Friday, August 23rd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $70.24.

Insider Activity

In other news, CEO Rene A. Lacerte acquired 42,248 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the acquisition, the chief executive officer now directly owns 184,249 shares in the company, valued at $9,138,750.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Rene A. Lacerte bought 42,248 shares of the business’s stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $49.60 per share, with a total value of $2,095,500.80. Following the transaction, the chief executive officer now owns 184,249 shares in the company, valued at approximately $9,138,750.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajesh A. Aji sold 2,486 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $54.73, for a total value of $136,058.78. Following the completion of the transaction, the insider now owns 7,812 shares in the company, valued at $427,550.76. The disclosure for this sale can be found here. Insiders have bought a total of 68,372 shares of company stock worth $3,404,826 over the last 90 days. 3.80% of the stock is currently owned by insiders.

BILL 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.