B. Metzler seel. Sohn & Co. Holding AG Acquires New Stake in BILL Holdings, Inc. (NYSE:BILL)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 46,021 shares of the company’s stock, valued at approximately $2,428,000.

Several other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its holdings in BILL by 75.0% in the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of BILL in the second quarter valued at approximately $46,000. Venturi Wealth Management LLC grew its holdings in BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after acquiring an additional 1,020 shares during the period. UniSuper Management Pty Ltd raised its position in BILL by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after acquiring an additional 700 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in BILL by 15.1% in the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. BNP Paribas upgraded shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Thursday, September 12th. JPMorgan Chase & Co. lowered their price target on BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Keefe, Bruyette & Woods decreased their target price on BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a research report on Friday, August 23rd. Mizuho dropped their price target on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. Finally, Evercore ISI lowered their price objective on shares of BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, BILL currently has a consensus rating of “Hold” and an average price target of $74.65.

Insider Buying and Selling at BILL

In other BILL news, Director Alison Wagonfeld sold 779 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now directly owns 259 shares of the company’s stock, valued at $23,310. This trade represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rene A. Lacerte bought 42,248 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the transaction, the chief executive officer now directly owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. This trade represents a 29.75 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 68,372 shares of company stock valued at $3,404,826 and sold 6,112 shares valued at $398,910. 4.20% of the stock is owned by company insiders.

BILL Price Performance

BILL stock opened at $89.98 on Friday. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $91.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a 50 day moving average price of $61.45 and a 200 day moving average price of $55.23. The company has a market cap of $9.31 billion, a price-to-earnings ratio of -272.67 and a beta of 1.59.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.11. The company had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. BILL had a net margin of 0.59% and a return on equity of 1.54%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 EPS. Sell-side analysts predict that BILL Holdings, Inc. will post -0.18 earnings per share for the current year.

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.