BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 26.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,212 shares of the company's stock after selling 16,163 shares during the period. Teacher Retirement System of Texas' holdings in BILL were worth $2,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BILL. Coppell Advisory Solutions LLC lifted its stake in shares of BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after purchasing an additional 247 shares in the last quarter. CoreCap Advisors LLC acquired a new position in shares of BILL during the fourth quarter worth $30,000. GeoWealth Management LLC acquired a new position in shares of BILL during the fourth quarter worth $32,000. AXA S.A. lifted its position in shares of BILL by 0.5% during the fourth quarter. AXA S.A. now owns 81,690 shares of the company's stock worth $6,920,000 after purchasing an additional 429 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of BILL by 134.1% during the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock worth $34,000 after purchasing an additional 429 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BILL shares. Robert W. Baird cut their price target on BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Citigroup cut their price target on BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $75.00 price target on shares of BILL in a report on Thursday, June 26th. Keefe, Bruyette & Woods cut their price target on shares of BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Finally, Piper Sandler cut their price target on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $62.75.

BILL Stock Performance

Shares of BILL stock traded down $1.61 on Friday, reaching $44.78. 1,488,425 shares of the company were exchanged, compared to its average volume of 2,355,299. 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 company's 50-day moving average is $45.33 and its two-hundred day moving average is $56.56. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -373.14, a P/E/G ratio of 10.15 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.

BILL (NYSE:BILL - Get Free Report) last announced 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 return on equity of 1.21% and a net margin of 2.70%. The business 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 firm earned $0.60 EPS. The business's quarterly revenue was up 10.9% on a year-over-year basis. As a group, research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity at BILL

In related news, insider Rajesh A. Aji sold 1,780 shares of the firm'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 sale, the insider directly owned 9,298 shares in the company, valued at $420,734.50. This trade represents a 16.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 owned 9,512 shares in the company, valued at approximately $404,735.60. This 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 owned by company insiders.

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.