Cohen Capital Management Inc. Purchases 28,950 Shares of BILL Holdings, Inc. (NYSE:BILL)

Cohen Capital Management Inc. boosted its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 35.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,338 shares of the company's stock after acquiring an additional 28,950 shares during the quarter. Cohen Capital Management Inc. owned 0.11% of BILL worth $5,063,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Groupama Asset Managment raised its holdings in shares of BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock valued at $478,611,000 after purchasing an additional 3,500,000 shares during the period. Price T Rowe Associates Inc. MD grew its stake in BILL by 10.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock valued at $1,091,019,000 after buying an additional 1,241,432 shares during the last quarter. Norges Bank acquired a new position in shares of BILL during the 4th quarter worth approximately $99,906,000. Invesco Ltd. grew its position in shares of BILL by 828.1% during the 4th quarter. Invesco Ltd. now owns 1,301,720 shares of the company's stock worth $110,269,000 after purchasing an additional 1,161,457 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of BILL by 112.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock worth $136,421,000 after purchasing an additional 852,863 shares in the last quarter. 97.99% of the stock is owned by institutional investors.

Insider Activity at BILL

In other BILL news, insider Rajesh A. Aji sold 1,780 shares of the stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Germaine Cota sold 1,718 shares of the 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 transaction, the senior vice president owned 9,512 shares of the company's stock, valued at $404,735.60. This trade represents a 15.30% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

BILL Trading Down 1.8%

NYSE BILL traded down $0.85 during trading on Tuesday, hitting $45.45. The company had a trading volume of 1,981,369 shares, compared to its average volume of 2,362,606. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. The company has a market cap of $4.68 billion, a price-to-earnings ratio of -378.74, a price-to-earnings-growth ratio of 9.80 and a beta of 1.35. The company's fifty day moving average is $45.35 and its 200-day moving average is $55.47.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $358.22 million during the quarter, compared to analyst estimates of $355.85 million. BILL had a net margin of 2.70% and a return on equity of 1.21%. BILL's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. On average, sell-side analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Robert W. Baird reduced their price target on shares of BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Oppenheimer raised their price target on shares of BILL from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Truist Financial assumed coverage on shares of BILL in a research note on Monday, June 2nd. They set a "hold" rating and a $47.00 price target for the company. Morgan Stanley downgraded shares of BILL from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $60.00 to $55.00 in a research note on Wednesday, June 11th. Finally, Citigroup dropped their price target on shares of BILL from $88.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.75.

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.