BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Archford Capital Strategies LLC

Archford Capital Strategies LLC decreased its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 62.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,645 shares of the company's stock after selling 12,870 shares during the quarter. Archford Capital Strategies LLC's holdings in BILL were worth $351,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC purchased a new stake in shares of BILL in the fourth quarter valued at approximately $30,000. Global Retirement Partners LLC increased its position in shares of BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after buying an additional 377 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in shares of BILL by 202.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after buying an additional 247 shares in the last quarter. GeoWealth Management LLC purchased a new stake in shares of BILL in the fourth quarter valued at approximately $32,000. Finally, Fifth Third Bancorp increased its position in shares of BILL by 134.1% in the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after buying an additional 429 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

Insiders Place Their Bets

In other news, insider Rajesh A. Aji sold 1,780 shares of the company's 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 now owns 9,298 shares of the company's stock, valued at $420,734.50. This represents a 16.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Germaine Cota sold 1,718 shares of the company's 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 transaction, the senior vice president now directly owns 9,512 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on BILL shares. Citigroup cut their price objective on BILL from $88.00 to $67.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Wells Fargo & Company cut their price objective on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research report on Friday, May 9th. Truist Financial started coverage on BILL in a research report on Monday, June 2nd. They issued a "hold" rating and a $47.00 price objective for the company. The Goldman Sachs Group cut their price objective on BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Mizuho dropped their price target on BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.75.

BILL Trading Up 0.7%

NYSE BILL traded up $0.32 on Friday, reaching $45.62. 2,270,376 shares of the company were exchanged, compared to its average volume of 2,327,002. The business's fifty day moving average price is $44.75 and its 200 day moving average price is $58.89. The stock has a market capitalization of $4.70 billion, a P/E ratio of -380.11, a price-to-earnings-growth ratio of 11.47 and a beta of 1.36. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last released 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. The company had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. BILL had a return on equity of 1.21% and a net margin of 2.70%. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

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.