Janus Henderson Group PLC Has $2.56 Million Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Janus Henderson Group PLC decreased its stake in BILL Holdings, Inc. (NYSE:BILL) by 6.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 48,445 shares of the company’s stock after selling 3,359 shares during the quarter. Janus Henderson Group PLC’s holdings in BILL were worth $2,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Aigen Investment Management LP raised its stake in shares of BILL by 612.3% during the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after acquiring an additional 47,761 shares during the last quarter. WoodTrust Financial Corp bought a new position in BILL during the third quarter worth $422,000. WCM Investment Management LLC raised its stake in BILL by 26.4% during the third quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock worth $15,647,000 after buying an additional 61,471 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in BILL during the third quarter worth $820,000. Finally, Algert Global LLC raised its stake in 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 buying an additional 52,758 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This represents a 22.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 2,823 shares of company stock valued at $218,887 in the last quarter. Corporate insiders own 4.20% of the company’s stock.

BILL Price Performance

BILL stock opened at $89.91 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $97.86. The stock has a market cap of $9.31 billion, a PE ratio of -271.61 and a beta of 1.72. The firm has a 50 day simple moving average of $71.69 and a two-hundred day simple moving average of $58.38.

Analyst Upgrades and Downgrades

BILL has been the subject of a number of analyst reports. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Thursday, September 12th. Robert W. Baird raised their price target on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Canaccord Genuity Group restated a “buy” rating and issued a $100.00 price target on shares of BILL in a report on Friday, August 23rd. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of BILL in a report on Friday, August 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. One 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.78.

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.