Crossmark Global Holdings Inc. Makes New $398,000 Investment in BILL Holdings, Inc. (NYSE:BILL)

Crossmark Global Holdings Inc. acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,705 shares of the company’s stock, valued at approximately $398,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BILL. AXA S.A. increased its position in shares of BILL by 90.4% in the 2nd quarter. AXA S.A. now owns 72,644 shares of the company’s stock valued at $3,823,000 after buying an additional 34,491 shares in the last quarter. Scientech Research LLC bought a new position in BILL in the second quarter valued at approximately $490,000. Susquehanna Fundamental Investments LLC bought a new stake in BILL during the second quarter worth $3,440,000. Algert Global LLC grew its holdings 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 purchasing an additional 52,758 shares during the period. Finally, Clearline Capital LP raised its stake in BILL by 201.6% in the 2nd quarter. Clearline Capital LP now owns 344,751 shares of the company’s stock valued at $18,141,000 after acquiring an additional 230,435 shares during the period. 97.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. KeyCorp raised shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target on the stock in a report on Wednesday, December 18th. Susquehanna lifted their target price on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Wells Fargo & Company raised their price objective on shares of BILL from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Finally, Oppenheimer lifted their price target on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.00.

BILL Stock Up 1.7 %

Shares of BILL opened at $93.88 on Monday. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of -284.48, a price-to-earnings-growth ratio of 89.33 and a beta of 1.72. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $97.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The business’s 50 day simple moving average is $88.35 and its 200-day simple moving average is $66.75.

Insider Buying and Selling

In other news, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction on Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the sale, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the sale, the director now owns 259 shares in the company, valued at approximately $23,310. This represents a 75.05 % decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

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.