New York State Teachers Retirement System lifted its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 243.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,200 shares of the company's stock after purchasing an additional 35,600 shares during the period. New York State Teachers Retirement System's holdings in BILL were worth $2,304,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of BILL. CoreCap Advisors LLC acquired a new position in shares of BILL in the 4th quarter valued at $30,000. Coppell Advisory Solutions LLC increased its holdings in BILL by 202.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after purchasing an additional 247 shares during the last quarter. GeoWealth Management LLC purchased a new stake in BILL in the fourth quarter valued at approximately $32,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of BILL in the 4th quarter valued at $39,000. Finally, Fifth Third Bancorp boosted 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 during the period. Institutional investors and hedge funds own 97.99% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Mizuho dropped their price target on shares of BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Oppenheimer boosted their price objective on shares of BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Morgan Stanley lowered BILL from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $60.00 to $55.00 in a research note on Wednesday, June 11th. The Goldman Sachs Group cut their price objective on shares of BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Robert W. Baird reduced their price objective on BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, BILL presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.75.
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BILL Stock Down 2.7%
Shares of BILL stock traded down $1.29 during midday trading on Thursday, reaching $46.44. 1,667,395 shares of the company's stock traded hands, compared to its average volume of 2,358,766. The company has a market cap of $4.78 billion, a price-to-earnings ratio of -386.93, a price-to-earnings-growth ratio of 10.15 and a beta of 1.35. The company's 50 day simple moving average is $45.31 and its 200 day simple moving average is $56.86. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week 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.
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 the consensus estimate of $0.37 by $0.13. BILL had a net margin of 2.70% and a return on equity of 1.21%. The company had revenue of $358.22 million during the quarter, compared to analyst estimates of $355.85 million. During the same quarter last year, the business posted $0.60 earnings per share. The company's revenue was up 10.9% on a year-over-year basis. Equities analysts expect 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 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 transaction of $73,100.90. Following the sale, the senior vice president directly owned 9,512 shares in the company, valued at approximately $404,735.60. This trade represents a 15.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Rajesh A. Aji sold 1,780 shares of BILL 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 sale, the insider owned 9,298 shares in the company, 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. Corporate insiders own 4.20% of the company's stock.
BILL Company Profile
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Free Report)
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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