18,718 Shares in BILL Holdings, Inc. (NYSE:BILL) Purchased by Twin Capital Management Inc.

Twin Capital Management Inc. purchased a new position in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,718 shares of the company's stock, valued at approximately $859,000.

A number of other hedge funds have also modified their holdings of BILL. CoreCap Advisors LLC acquired a new position in BILL during the fourth quarter worth $30,000. Coppell Advisory Solutions LLC boosted its holdings in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after acquiring an additional 247 shares during the period. GeoWealth Management LLC bought a new stake in BILL during the fourth quarter valued at about $32,000. Fifth Third Bancorp boosted its holdings in BILL by 134.1% during the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after acquiring an additional 429 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in BILL during the fourth quarter valued at about $39,000. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Price Performance

Shares of NYSE BILL traded down $0.56 during trading hours on Monday, hitting $45.31. 1,391,631 shares of the stock were exchanged, compared to its average volume of 2,360,843. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of $4.67 billion, a PE ratio of -377.51, a price-to-earnings-growth ratio of 13.07 and a beta of 1.35. The company's fifty day simple moving average is $45.35 and its two-hundred day simple moving average is $54.46. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19.

BILL (NYSE:BILL - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.13. The firm had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. BILL had a net margin of 2.70% and a return on equity of 1.21%. The company's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. On average, sell-side analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Seaport Res Ptn cut shares of BILL from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. Mizuho lowered their price target on shares of BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, May 12th. The Goldman Sachs Group lowered their price target on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. UBS Group lifted their target price on shares of BILL from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Truist Financial boosted their price target on shares of BILL from $47.00 to $50.00 and gave the company a "hold" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, BILL has a consensus rating of "Hold" and a consensus price target of $62.10.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 1,718 shares of BILL 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 approximately $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the sale, the insider directly owned 9,298 shares of the company's stock, valued at approximately $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is owned by company 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.