12,447 Shares in BILL Holdings, Inc. (NYSE:BILL) Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC purchased a new stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,447 shares of the company's stock, valued at approximately $570,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Coppell Advisory Solutions LLC boosted its stake in shares of 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 purchasing an additional 247 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of BILL during the fourth quarter valued at approximately $30,000. GeoWealth Management LLC purchased a new stake in shares of BILL during the fourth quarter valued at approximately $32,000. AXA S.A. boosted its stake in shares of BILL by 0.5% during the fourth quarter. AXA S.A. now owns 81,690 shares of the company's stock valued at $6,920,000 after purchasing an additional 429 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of 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 purchasing an additional 429 shares during the period. 97.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 1,718 shares of the firm's 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 directly owned 9,512 shares in the company, valued at $404,735.60. This trade represents a 15.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rajesh A. Aji sold 1,780 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.

BILL Stock Down 3.5%

BILL traded down $1.61 during trading on Friday, reaching $44.78. The stock had a trading volume of 1,488,425 shares, compared to its average volume of 2,363,305. The stock's 50 day moving average is $45.32 and its two-hundred day moving average is $56.05. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of -373.14, a P/E/G ratio of 9.52 and a beta of 1.35. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) 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 business had revenue of $358.22 million during the quarter, compared to the consensus estimate of $355.85 million. During the same quarter in the prior year, the company earned $0.60 earnings per share. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

BILL has been the subject of a number of analyst reports. Truist Financial initiated coverage on BILL in a research note on Monday, June 2nd. They set a "hold" rating and a $47.00 price objective for the company. Keefe, Bruyette & Woods dropped their price objective on BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Mizuho dropped their price target on BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Seaport Res Ptn lowered BILL from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Morgan Stanley lowered BILL from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $60.00 to $55.00 in a research note on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, BILL has an average rating of "Moderate Buy" and an average price target of $62.75.

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.