Assetmark Inc. boosted its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 135.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,141 shares of the company's stock after purchasing an additional 15,018 shares during the quarter. Assetmark Inc.'s holdings in BILL were worth $1,200,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. CoreCap Advisors LLC bought a new stake in BILL in the 4th quarter valued at $30,000. Coppell Advisory Solutions LLC increased its holdings in BILL by 202.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after buying an additional 247 shares during the period. GeoWealth Management LLC bought a new stake in BILL in the 4th quarter valued at $32,000. Fifth Third Bancorp increased its holdings in BILL by 134.1% in the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after buying an additional 429 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in BILL in the 4th quarter valued at $39,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.
BILL Price Performance
BILL stock traded up $0.63 during midday trading on Monday, reaching $42.36. The company had a trading volume of 1,467,931 shares, compared to its average volume of 2,565,670. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of -352.97, a price-to-earnings-growth ratio of 11.82 and a beta of 1.35. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The stock has a 50 day moving average price of $45.11 and a 200-day moving average price of $51.69.
BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. BILL had a return on equity of 1.21% and a net margin of 2.70%. The company had revenue of $358.22 million for the quarter, compared to analysts' expectations of $355.85 million. During the same period in the previous year, the business posted $0.60 earnings per share. The business's quarterly revenue was up 10.9% compared to the same quarter last year. Equities research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.
Insider Activity at BILL
In other BILL news, insider Rajesh A. Aji sold 1,780 shares of the business'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 value of $80,545.00. Following the transaction, the insider directly owned 9,298 shares of the company's stock, valued at approximately $420,734.50. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Germaine Cota sold 1,718 shares of the business's stock in a transaction that occurred 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 directly owned 9,512 shares in the company, valued at approximately $404,735.60. This trade represents a 15.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Oppenheimer upped their target price on shares of BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Seaport Res Ptn lowered shares of BILL from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th. Wells Fargo & Company reduced their price target on shares of BILL from $43.00 to $40.00 and set an "underweight" rating on the stock in a research report on Friday, May 9th. UBS Group upped their target price on shares of BILL from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $75.00 price target on shares of BILL in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, BILL has an average rating of "Moderate Buy" and a consensus price target of $62.10.
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BILL Profile
(
Free Report)
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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