Ceera Investments LLC Acquires New Holdings in BILL Holdings, Inc. (NYSE:BILL)

Ceera Investments LLC bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 1st quarter, HoldingsChannel reports. The fund bought 5,730 shares of the company’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BILL. CoreCap Advisors LLC purchased a new position in shares of BILL during the 4th quarter worth approximately $30,000. Coppell Advisory Solutions LLC lifted its stake in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock worth $32,000 after purchasing an additional 247 shares in the last quarter. GeoWealth Management LLC purchased a new position in shares of BILL during the fourth quarter worth $32,000. Fifth Third Bancorp grew its stake in shares of BILL by 134.1% in the first quarter. Fifth Third Bancorp now owns 749 shares of the company’s stock valued at $34,000 after buying an additional 429 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of BILL in the 4th quarter valued at $39,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Price Performance

Shares of NYSE BILL opened at $48.11 on Friday. The stock’s 50-day simple moving average is $45.18 and its 200-day simple moving average is $57.67. The firm has a market capitalization of $4.96 billion, a PE ratio of -400.88, a price-to-earnings-growth ratio of 10.26 and a beta of 1.35. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. BILL had a net margin of 2.70% and a return on equity of 1.21%. The company had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $75.00 target price on shares of BILL in a research note on Thursday, June 26th. Canaccord Genuity Group reduced their price target on shares of BILL from $105.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company dropped their price objective on shares of BILL from $43.00 to $40.00 and set an “underweight” rating for the company in a report on Friday, May 9th. Oppenheimer upped their target price on shares of BILL from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group reduced their target price on shares of BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, BILL currently has an average rating of “Moderate Buy” and an average target price of $62.75.

Insiders Place Their Bets

In related news, SVP Germaine Cota sold 1,718 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the sale, the senior vice president directly owned 9,512 shares of the company’s stock, valued at $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the sale, the insider owned 9,298 shares in the company, valued at $420,734.50. This trade represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

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.