Swiss National Bank Has $10.39 Million Holdings in BILL Holdings, Inc. (NYSE:BILL)

Swiss National Bank raised its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 196,900 shares of the company’s stock after acquiring an additional 300 shares during the period. Swiss National Bank’s holdings in BILL were worth $10,388,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC acquired a new stake in BILL during the 3rd quarter valued at $3,367,000. Empowered Funds LLC acquired a new stake in shares of BILL in the third quarter valued at $270,000. ING Groep NV bought a new position in shares of BILL in the third quarter valued at about $4,896,000. Oppenheimer & Co. Inc. acquired a new position in BILL during the 3rd quarter worth about $303,000. Finally, Aigen Investment Management LP grew its holdings in BILL by 612.3% during the 3rd quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock worth $2,931,000 after acquiring an additional 47,761 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wolfe Research downgraded BILL from an “outperform” rating to a “peer perform” rating in a research report on Thursday, August 1st. Mizuho decreased their price target on BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, August 28th. Robert W. Baird boosted their price objective on BILL from $62.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of BILL from $60.00 to $55.00 and set a “market perform” 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 assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.65.

BILL Price Performance

Shares of BILL opened at $91.51 on Monday. The stock has a 50 day simple moving average of $62.24 and a 200 day simple moving average of $55.45. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $92.16. 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 market capitalization of $9.47 billion, a PE ratio of -277.30 and a beta of 1.59.

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

Insider Buying and Selling

In other news, SVP Germaine Cota sold 803 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the sale, the senior vice president now owns 6,861 shares of the company’s stock, valued at $375,639.75. The trade was a 10.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian Jacobs bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of $53.16 per share, with a total value of $265,800.00. Following the transaction, the director now owns 9,559 shares of the company’s stock, valued at $508,156.44. This represents a 109.67 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 6,112 shares of company stock valued at $398,910. Company insiders own 4.20% of the company’s stock.

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.