B. Metzler seel. Sohn & Co. Holding AG bought a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 46,021 shares of the company's stock, valued at approximately $2,428,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. increased its stake 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 in the last quarter. Versant Capital Management Inc acquired a new position in shares of BILL in the 2nd quarter valued at $46,000. Venturi Wealth Management LLC raised its stake in BILL by 377.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company's stock worth $68,000 after acquiring an additional 1,020 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in BILL by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company's stock valued at $96,000 after purchasing an additional 700 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of BILL by 15.1% in the third quarter. Covestor Ltd now owns 1,897 shares of the company's stock valued at $100,000 after purchasing an additional 249 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on BILL. UBS Group reduced their price target on shares of BILL from $85.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Susquehanna reaffirmed a "positive" rating and set a $100.00 price target on shares of BILL in a research report on Monday, August 19th. Mizuho lowered their price objective on BILL from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 28th. Needham & Company LLC restated a "buy" rating and set a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. Finally, BMO Capital Markets decreased their price objective on shares of BILL from $75.00 to $57.00 and set a "market perform" rating on the stock in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, BILL has an average rating of "Hold" and an average target price of $74.65.
Get Our Latest Stock Analysis on BILL
Shares of BILL stock opened at $89.98 on Friday. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $91.19. The firm has a market cap of $9.31 billion, a PE ratio of -272.67 and a beta of 1.59. The company has a 50-day moving average of $61.45 and a two-hundred day moving average of $55.23. 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 (NYSE:BILL - Get Free Report) last announced its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.11. BILL had a return on equity of 1.54% and a net margin of 0.59%. The company had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The firm's quarterly revenue was up 16.1% compared to the same quarter last year. On average, analysts predict that BILL Holdings, Inc. will post -0.18 EPS for the current year.
In related news, CEO Rene A. Lacerte bought 42,248 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the purchase, the chief executive officer now directly owns 184,249 shares of the company's stock, valued at $9,138,750.40. This trade represents a 29.75 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alison Wagonfeld sold 519 shares of the company's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the sale, the director now owns 1,038 shares in the company, valued at $59,685. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 68,372 shares of company stock worth $3,404,826 and have sold 6,112 shares worth $398,910. Company insiders own 4.20% of the company's stock.
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.
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