Illinois Municipal Retirement Fund Has $1.61 Million Stake in BILL Holdings, Inc. (NYSE:BILL)

Illinois Municipal Retirement Fund trimmed its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 33.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,098 shares of the company's stock after selling 17,601 shares during the period. Illinois Municipal Retirement Fund's holdings in BILL were worth $1,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BILL. IFP Advisors Inc lifted its stake in BILL by 237.9% in the fourth quarter. IFP Advisors Inc now owns 1,115 shares of the company's stock valued at $94,000 after acquiring an additional 785 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of BILL in the 4th quarter valued at $467,000. Asset Management One Co. Ltd. boosted its holdings in 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 purchasing an additional 1,306 shares in the last quarter. Fifth Third Bancorp boosted its holdings in BILL by 134.1% in the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock worth $34,000 after purchasing an additional 429 shares in the last quarter. Finally, Keybank National Association OH acquired a new position in BILL during the fourth quarter worth $253,000. Institutional investors and hedge funds own 97.99% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BILL. Truist Financial assumed coverage on BILL in a research report on Monday, June 2nd. They issued a "hold" rating and a $47.00 price target for the company. Needham & Company LLC restated a "buy" rating and issued a $75.00 target price on shares of BILL in a report on Thursday, June 26th. The Goldman Sachs Group decreased their target price on BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley lowered 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 report on Wednesday, June 11th. Finally, Canaccord Genuity Group reduced their price objective on shares of BILL from $105.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.75.

Insider Transactions at BILL

In other news, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the sale, the insider directly owned 9,298 shares in the company, valued at approximately $420,734.50. The trade was a 16.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Germaine Cota sold 1,718 shares of the 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 completion of the transaction, the senior vice president directly 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 Stock Performance

BILL traded up $1.55 on Friday, hitting $48.11. 1,611,636 shares of the stock traded hands, compared to its average volume of 2,338,963. The business has a fifty day moving average price of $45.13 and a two-hundred day moving average price of $57.94. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $4.96 billion, a PE ratio of -400.88, a P/E/G ratio of 10.26 and a beta of 1.35. 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 data 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. The business had revenue of $358.22 million for the quarter, compared to analysts' expectations of $355.85 million. BILL had a return on equity of 1.21% and a net margin of 2.70%. BILL's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. On average, research analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.