9,563 Shares in BILL Holdings, Inc. $BILL Bought by Versor Investments LP

Key Points

• Versor Investments LP has acquired 9,563 shares of BILL Holdings, Inc., valued at approximately $439,000, marking their new position in the company for the first quarter.
• Several institutional investors, including Dimensional Fund Advisors LP and Price T Rowe Associates, have significantly increased their holdings in BILL, with institutional ownership reaching 97.99% of the company's stock.
• BILL Holdings' stock has faced recent analyst rating adjustments, including upgrades from Oppenheimer and downgrades from Morgan Stanley, with an average price target currently at $62.20.

Versor Investments LP purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,563 shares of the company's stock, valued at approximately $439,000.

Several other institutional investors have also bought and sold shares of BILL. Dimensional Fund Advisors LP grew its holdings in BILL by 110.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company's stock worth $114,265,000 after buying an additional 1,309,337 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in BILL by 10.7% in 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 purchasing an additional 1,241,432 shares during the period. Massachusetts Financial Services Co. MA bought a new position in BILL in the 1st quarter valued at $32,460,000. Fuller & Thaler Asset Management Inc. bought a new position in BILL in the 4th quarter valued at $55,743,000. Finally, Frontier Capital Management Co. LLC grew its stake in BILL by 86.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,145,931 shares of the company's stock valued at $97,072,000 after purchasing an additional 532,726 shares during the period. Institutional investors own 97.99% of the company's stock.

Insider Buying and Selling at BILL

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

BILL Stock Up 0.8%

BILL stock opened at $41.6780 on Thursday. 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 capitalization of $4.29 billion, a price-to-earnings ratio of -347.29, a PEG ratio of 9.14 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 stock has a fifty day moving average of $44.12 and a 200-day moving average of $47.58.

Analyst Ratings Changes

BILL has been the subject of a number of recent analyst reports. Oppenheimer upped their price objective on BILL from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Morgan Stanley downgraded BILL from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $60.00 to $55.00 in a research note on Wednesday, June 11th. KeyCorp reduced their price objective on BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. BTIG Research initiated coverage on BILL in a research note on Wednesday, April 30th. They issued a "buy" rating and a $60.00 price objective for the company. Finally, Citigroup reduced their price objective on BILL from $88.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, BILL has an average rating of "Hold" and an average price target of $62.20.

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.

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