Generali Investments Towarzystwo Funduszy Inwestycyjnych Has $1.51 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Key Points

• Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in BILL Holdings, Inc. by 69.2%, owning 33,000 shares valued at $1.5 million as of the latest reporting period.
• BILL Holdings reported $0.50 earnings per share for the most recent quarter, exceeding estimates and showing a 10.9% revenue increase year-over-year.
• Analysts have mixed opinions, with price targets ranging from $50 to $75 and a consensus rating of "Moderate Buy" with a target of $62.10.

Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 69.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,000 shares of the company's stock after acquiring an additional 13,500 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in BILL were worth $1,514,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CoreCap Advisors LLC purchased a new stake in shares of BILL during the 4th quarter worth approximately $30,000. Coppell Advisory Solutions LLC increased its holdings in BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after acquiring an additional 247 shares in the last quarter. GeoWealth Management LLC purchased a new position in BILL during the 4th quarter valued at about $32,000. Fifth Third Bancorp increased its holdings in BILL by 134.1% during the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after acquiring an additional 429 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in BILL during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Stock Down 2.1%

Shares of NYSE BILL traded down $0.88 during mid-day trading on Tuesday, reaching $41.52. The company had a trading volume of 360,810 shares, compared to its average volume of 2,550,281. BILL Holdings, Inc. has a twelve month low of $36.55 and a twelve month high of $100.19. 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 stock has a market capitalization of $4.28 billion, a PE ratio of -345.98, a price-to-earnings-growth ratio of 11.82 and a beta of 1.35. The stock's 50 day moving average is $45.07 and its 200-day moving average is $51.37.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results 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. BILL had a net margin of 2.70% and a return on equity of 1.21%. The business had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. During the same period in the prior year, the business posted $0.60 earnings per share. BILL's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at BILL

In other BILL news, SVP Germaine Cota sold 1,718 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $42.55, for a total transaction 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 represents a 15.30% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the sale, the insider owned 9,298 shares of the company's stock, valued at $420,734.50. This trade represents 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BILL shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of BILL in a report on Thursday, July 17th. They set a "hold" rating and a $49.00 target price for the company. Mizuho lowered their price target on BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, May 12th. KeyCorp dropped their price objective on shares of BILL from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Seaport Res Ptn cut BILL from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $75.00 price objective on shares of BILL in a research note on Thursday, June 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $62.10.

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.