BILL Holdings, Inc. (NYSE:BILL) Shares Acquired by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in BILL Holdings, Inc. by 54.9%, now owning approximately 0.19% of the company's stock, valued at $9.1 million.
• Analysts have varied target price forecasts for BILL, with Oppenheimer raising it to $55.00, indicating an overall sentiment of a Moderate Buy rating for the stock.
• BILL reported earnings of $0.50 per share for the latest quarter, exceeding analysts' expectations, and achieving a revenue growth of 10.9% year-over-year.

Blair William & Co. IL boosted its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 54.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,294 shares of the company's stock after acquiring an additional 70,276 shares during the quarter. Blair William & Co. IL owned 0.19% of BILL worth $9,100,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BILL. Xponance Inc. boosted its holdings in BILL by 1.6% during the 1st quarter. Xponance Inc. now owns 13,902 shares of the company's stock valued at $638,000 after acquiring an additional 222 shares during the period. Coppell Advisory Solutions LLC increased its position 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 buying an additional 247 shares during the period. CoreCap Advisors LLC bought a new position in BILL in the fourth quarter worth about $30,000. GeoWealth Management LLC bought a new stake in BILL during the 4th quarter valued at approximately $32,000. Finally, AXA S.A. lifted its stake in shares of BILL by 0.5% in the 4th 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. 97.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BILL has been the subject of several recent analyst reports. UBS Group lifted their price target on BILL from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Citigroup dropped their price target on shares of BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Needham & Company LLC reissued a "buy" rating and set a $75.00 price objective on shares of BILL in a report on Thursday, June 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BILL in a report on Thursday, July 17th. They issued a "hold" rating and a $49.00 target price on the stock. Finally, Morgan Stanley cut BILL from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $60.00 to $55.00 in a report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.10.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 1,718 shares of the firm'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 sale, 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 at 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 stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the sale, the insider directly 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 company insiders.

BILL Trading Down 2.0%

BILL stock traded down $0.82 during midday trading on Friday, reaching $40.69. 3,363,899 shares of the company traded hands, compared to its average volume of 1,780,787. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of -339.06, a P/E/G ratio of 11.76 and a beta of 1.35. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19. The business has a 50 day moving average of $44.86 and a 200-day moving average of $50.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

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

BILL Company 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.