52,695 Shares in BILL Holdings, Inc. (NYSE:BILL) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 52,695 shares of the company's stock, valued at approximately $2,418,000. Edgestream Partners L.P. owned about 0.05% of BILL at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of BILL by 10.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock valued at $1,091,019,000 after buying an additional 1,241,432 shares during the period. Groupama Asset Managment raised its position in shares of BILL by 162.8% during the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock worth $478,611,000 after purchasing an additional 3,500,000 shares during the period. Geode Capital Management LLC lifted its position in BILL by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company's stock valued at $137,528,000 after purchasing an additional 119,711 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of BILL by 112.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock valued at $136,421,000 after purchasing an additional 852,863 shares during the period. Finally, Greenhouse Funds LLLP increased its stake in shares of BILL by 0.8% during the fourth quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company's stock valued at $118,307,000 after acquiring an additional 11,002 shares during the period. Institutional investors and hedge funds own 97.99% of the company's stock.

Insider Buying and Selling at BILL

In other news, insider Rajesh A. Aji sold 1,780 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total transaction of $80,545.00. Following the transaction, the insider owned 9,298 shares of the company's stock, valued at approximately $420,734.50. This represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Germaine Cota sold 1,718 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $42.55, for a total transaction of $73,100.90. Following the transaction, the senior vice president directly owned 9,512 shares in the company, valued at $404,735.60. This trade represents a 15.30% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

BILL Stock Up 3.2%

BILL opened at $47.36 on Friday. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The business's fifty day simple moving average is $45.33 and its 200 day simple moving average is $55.14. The stock has a market cap of $4.88 billion, a PE ratio of -394.67, a P/E/G ratio of 9.72 and a beta of 1.35.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.13. BILL had a return on equity of 1.21% and a net margin of 2.70%. The firm had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. During the same period last year, the company earned $0.60 EPS. The business's quarterly revenue was up 10.9% compared to the same quarter last year. As a group, research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on BILL shares. Morgan Stanley lowered BILL from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $60.00 to $55.00 in a research report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of BILL in a report on Thursday. They set a "hold" rating and a $49.00 price target for the company. KeyCorp decreased their price target on shares of BILL from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Piper Sandler decreased their price target on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Truist Financial increased their price objective on BILL from $47.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $62.24.

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.

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