BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,357 shares of the company's stock after selling 5,670 shares during the period. Rhumbline Advisers owned 0.26% of BILL worth $12,177,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Legato Capital Management LLC purchased a new position in shares of BILL during the 4th quarter worth about $828,000. Choreo LLC purchased a new position in shares of BILL during the 4th quarter worth about $409,000. State of Alaska Department of Revenue purchased a new position in shares of BILL during the 4th quarter worth about $919,000. IFP Advisors Inc raised its holdings in BILL by 237.9% in the fourth quarter. IFP Advisors Inc now owns 1,115 shares of the company's stock valued at $94,000 after buying an additional 785 shares during the period. Finally, Cetera Investment Advisers purchased a new position in BILL in the fourth quarter valued at approximately $467,000. 97.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Germaine Cota sold 1,718 shares of the business's stock in a transaction on 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 transaction, the senior vice president now owns 9,512 shares of the company's stock, valued at approximately $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BILL. UBS Group raised their price target on shares of BILL from $60.00 to $65.00 and gave the company a "buy" rating in a report on Friday, May 9th. KeyCorp cut their price target on shares of BILL from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Oppenheimer raised their price target on shares of BILL from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Canaccord Genuity Group cut their price target on shares of BILL from $105.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Needham & Company LLC cut their price target on shares of BILL from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

BILL Stock Performance

BILL stock opened at $45.66 on Monday. The company has a market cap of $4.70 billion, a PE ratio of -4,566.00, a P/E/G ratio of 29.46 and a beta of 1.36. The company has a fifty day moving average price of $44.00 and a two-hundred day moving average price of $63.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month 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 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.13. The firm had revenue of $358.22 million during the quarter, compared to the consensus estimate of $355.85 million. BILL had a net margin of 5.90% and a return on equity of 1.53%. The firm's revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. Research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

About BILL

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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