BILL Holdings, Inc. (NYSE:BILL) Director Alison Wagonfeld Sells 519 Shares

BILL Holdings, Inc. (NYSE:BILL) Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the transaction, the director now owns 1,038 shares in the company, valued at $59,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BILL Stock Down 0.4 %

BILL stock opened at $55.11 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. The company’s 50-day moving average is $53.27 and its 200-day moving average is $53.75. The firm has a market capitalization of $5.85 billion, a PE ratio of -70.27 and a beta of 1.61. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $101.00.

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 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 for the quarter, compared to the consensus estimate of $328.27 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The business’s revenue was up 16.1% compared to the same quarter last year. Sell-side analysts anticipate that BILL Holdings, Inc. will post -0.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Thursday, September 12th. The Goldman Sachs Group increased their target price on BILL from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Evercore ISI cut their price target on BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a report on Friday, August 23rd. Finally, Robert W. Baird upped their price objective on BILL from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, BILL currently has a consensus rating of “Hold” and an average price target of $70.71.

Hedge Funds Weigh In On BILL

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of BILL by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock worth $685,573,000 after buying an additional 94,786 shares during the last quarter. Algert Global LLC boosted its holdings in shares of BILL by 602.3% during the second quarter. Algert Global LLC now owns 61,518 shares of the company’s stock worth $3,237,000 after acquiring an additional 52,758 shares during the period. SG Americas Securities LLC grew its position in shares of BILL by 826.5% in the second quarter. SG Americas Securities LLC now owns 41,043 shares of the company’s stock valued at $2,160,000 after purchasing an additional 36,613 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of BILL by 8,529.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,660 shares of the company’s stock worth $1,488,000 after purchasing an additional 21,409 shares during the period. Finally, Versor Investments LP lifted its holdings in BILL by 264.8% during the 2nd quarter. Versor Investments LP now owns 15,688 shares of the company’s stock worth $826,000 after purchasing an additional 11,387 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

About BILL

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.