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

BILL Holdings, Inc. (NYSE:BILL) Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the sale, the director now owns 1,038 shares of the company’s stock, valued at $59,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BILL Stock Down 1.7 %

BILL stock opened at $55.30 on Thursday. The company has a market capitalization of $5.87 billion, a P/E ratio of -70.00 and a beta of 1.61. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $105.81. The firm’s fifty day simple moving average is $53.27 and its 200-day simple moving average is $53.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55.

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 the consensus estimate of $0.46 by $0.11. The company had revenue of $343.67 million for the quarter, compared to the consensus estimate of $328.27 million. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. As a group, equities research analysts forecast that BILL Holdings, Inc. will post -0.58 earnings per share for the current year.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Several analysts have commented on BILL shares. Mizuho decreased their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. Robert W. Baird increased their target price on shares of BILL from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Piper Sandler raised their target price on shares of BILL from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Friday, August 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.71.

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.