State of New Jersey Common Pension Fund D Buys 658 Shares of BILL Holdings, Inc. (NYSE:BILL)

State of New Jersey Common Pension Fund D increased its position in BILL Holdings, Inc. (NYSE:BILL) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,855 shares of the company’s stock after purchasing an additional 658 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in BILL were worth $2,103,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BILL. Advisors Asset Management Inc. increased its position in BILL by 75.0% during the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc bought a new position in BILL in the second quarter worth approximately $46,000. UniSuper Management Pty Ltd lifted its holdings in BILL by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after buying an additional 700 shares during the period. Covestor Ltd boosted its position in BILL by 1,742.7% during the 1st quarter. Covestor Ltd now owns 1,640 shares of the company’s stock valued at $113,000 after acquiring an additional 1,551 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of BILL by 1,167.5% in the 3rd quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock valued at $101,000 after acquiring an additional 1,763 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Stock Down 2.0 %

Shares of BILL stock opened at $84.69 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.55 and a debt-to-equity ratio of 0.23. The stock has a market cap of $8.77 billion, a P/E ratio of -261.76 and a beta of 1.59. The stock has a 50 day moving average of $58.11 and a 200 day moving average of $54.36. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $91.19.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. The firm had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. BILL had a return on equity of 1.54% and a net margin of 0.59%. BILL’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. As a group, sell-side analysts expect that BILL Holdings, Inc. will post -0.57 EPS for the current year.

Insider Activity at BILL

In other news, CEO Rene A. Lacerte acquired 42,248 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the completion of the purchase, the chief executive officer now owns 184,249 shares of the company’s stock, valued at $9,138,750.40. This represents a 29.75 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the transaction, the director now owns 259 shares of the company’s stock, valued at approximately $23,310. The trade was a 75.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 68,372 shares of company stock valued at $3,404,826 and have sold 6,112 shares valued at $398,910. 4.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BILL has been the topic of a number of recent research reports. UBS Group dropped their price objective on BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. The Goldman Sachs Group lifted their price objective on shares of BILL from $60.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wolfe Research lowered BILL from an “outperform” rating to a “peer perform” rating in a research report on Thursday, August 1st. Mizuho cut their price objective on shares of BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, August 28th. Finally, Piper Sandler lifted their target price on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, BILL has a consensus rating of “Hold” and a consensus price target of $74.65.

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.