BILL Holdings, Inc. (NYSE:BILL) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 243.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,200 shares of the company's stock after purchasing an additional 35,600 shares during the quarter. New York State Teachers Retirement System's holdings in BILL were worth $2,304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Coppell Advisory Solutions LLC grew its stake in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after purchasing an additional 247 shares during the period. CoreCap Advisors LLC purchased a new position in shares of BILL during the 4th quarter valued at approximately $30,000. Arizona State Retirement System lifted its position in shares of BILL by 1.3% during the 4th quarter. Arizona State Retirement System now owns 29,414 shares of the company's stock valued at $2,492,000 after buying an additional 380 shares in the last quarter. GeoWealth Management LLC purchased a new position in shares of BILL during the 4th quarter valued at approximately $32,000. Finally, AXA S.A. lifted its position in shares of BILL by 0.5% during the 4th quarter. AXA S.A. now owns 81,690 shares of the company's stock valued at $6,920,000 after buying an additional 429 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

Insider Buying and Selling

In related news, SVP Germaine Cota sold 1,718 shares of the stock in a transaction that occurred 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 owned 9,512 shares of the company's stock, valued at approximately $404,735.60. This trade represents a 15.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rajesh A. Aji sold 1,780 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the transaction, the insider directly owned 9,298 shares of the company's stock, valued at $420,734.50. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BILL shares. Mizuho decreased their target price on BILL from $53.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Morgan Stanley lowered BILL from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $60.00 to $55.00 in a research report on Wednesday, June 11th. Needham & Company LLC reiterated a "buy" rating and set a $75.00 target price on shares of BILL in a research report on Thursday, June 26th. Seaport Res Ptn lowered BILL from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Robert W. Baird decreased their price objective on BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BILL has a consensus rating of "Moderate Buy" and a consensus target price of $62.75.

BILL Trading Down 3.5%

Shares of NYSE:BILL traded down $1.61 during mid-day trading on Friday, reaching $44.78. 1,488,425 shares of the company were exchanged, compared to its average volume of 2,363,305. 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 firm has a market cap of $4.61 billion, a price-to-earnings ratio of 149.10, a P/E/G ratio of 9.52 and a beta of 1.35. The firm's 50-day simple moving average is $45.32 and its 200 day simple moving average is $56.27. 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 posted its quarterly earnings data 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. The firm had revenue of $358.22 million during the quarter, compared to analysts' expectations of $355.85 million. BILL had a net margin of 2.70% and a return on equity of 1.21%. The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. Equities research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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.