Fiera Capital Corp Acquires 352,220 Shares of BILL Holdings, Inc. (NYSE:BILL)

Key Points

• Fiera Capital Corp increased its holdings in BILL Holdings, Inc. by 124.8% in Q1, owning 634,430 shares worth approximately $29.1 million.
• Insider Rajesh A. Aji sold 1,780 shares at an average price of $45.25, which decreased their ownership in the company by 16.07%.
• Analysts have mixed views on BILL with forecasts showing a consensus rating of "Hold" and an average price target of $62.10.

Fiera Capital Corp boosted its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 124.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 634,430 shares of the company's stock after buying an additional 352,220 shares during the period. Fiera Capital Corp owned 0.62% of BILL worth $29,114,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. CoreCap Advisors LLC acquired a new position in shares of BILL during the fourth quarter worth $30,000. GeoWealth Management LLC purchased a new position in BILL in the fourth quarter valued at about $32,000. Coppell Advisory Solutions LLC grew its position in shares of BILL by 202.5% in the fourth 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. Fifth Third Bancorp grew its position in shares of BILL by 134.1% in the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after purchasing an additional 429 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in BILL during the fourth quarter worth approximately $39,000. 97.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 1,718 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $42.55, for a total value of $73,100.90. Following the transaction, the senior vice president directly owned 9,512 shares of the company's stock, valued at $404,735.60. The trade was a 15.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rajesh A. Aji sold 1,780 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the sale, the insider directly owned 9,298 shares of the company's stock, valued at $420,734.50. The trade was a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BILL. Robert W. Baird dropped their price target on shares of BILL from $55.00 to $52.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. BTIG Research began coverage on shares of BILL in a research note on Wednesday, April 30th. They set a "buy" rating and a $60.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of BILL from $43.00 to $40.00 and set an "underweight" rating on the stock in a research note on Friday, May 9th. Canaccord Genuity Group decreased their price objective on shares of BILL from $105.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, Citigroup decreased their price objective on shares of BILL from $88.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $62.10.

BILL Trading Down 2.6%

NYSE BILL traded down $1.13 on Friday, reaching $41.72. The company had a trading volume of 2,439,373 shares, compared to its average volume of 1,744,345. The stock's 50 day moving average is $45.16 and its 200-day moving average is $52.47. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of -347.64, a PEG ratio of 12.14 and a beta of 1.35. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. 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 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 business had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. BILL had a return on equity of 1.21% and a net margin of 2.70%. BILL's revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. Equities analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share 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.