BILL Holdings, Inc. (NYSE:BILL) Stock Position Raised by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 243.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,200 shares of the company's stock after buying 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in BILL by 3,947.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,098 shares of the company's stock worth $693,000 after purchasing an additional 14,725 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of BILL in the fourth quarter valued at approximately $467,000. Asset Management One Co. Ltd. lifted its stake in shares of BILL by 145.6% in the first quarter. Asset Management One Co. Ltd. now owns 2,203 shares of the company's stock worth $101,000 after buying an additional 1,306 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of BILL by 134.1% during the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company's stock worth $34,000 after buying an additional 429 shares during the period. Finally, Keybank National Association OH acquired a new position in BILL in the 4th quarter valued at $253,000. Institutional investors own 97.99% of the company's stock.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 1,718 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $42.55, for a total transaction of $73,100.90. Following the transaction, the senior vice president owned 9,512 shares in the company, valued at approximately $404,735.60. This trade represents a 15.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajesh A. Aji sold 1,780 shares of the business'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 transaction, the insider owned 9,298 shares of the company's stock, valued at approximately $420,734.50. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.20% of the company's stock.

BILL Trading Up 1.9%

Shares of BILL opened at $48.41 on Wednesday. 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 has a market cap of $4.99 billion, a price-to-earnings ratio of -403.38, a PEG ratio of 10.10 and a beta of 1.35. The stock has a fifty day moving average price of $45.27 and a two-hundred day moving average price of $56.92. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $355.85 million. During the same period in the previous year, the business posted $0.60 earnings per share. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. Analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Oppenheimer increased their target price on BILL from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. BTIG Research assumed coverage on BILL in a report on Wednesday, April 30th. They set a "buy" rating and a $60.00 price target for the company. Robert W. Baird reduced their price objective on BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $75.00 target price on shares of BILL in a research report on Thursday, June 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.75.

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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