MRA Advisory Group Acquires New Position in BILL Holdings, Inc. (NYSE:BILL)

MRA Advisory Group acquired a new stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,069 shares of the company's stock, valued at approximately $370,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Legato Capital Management LLC bought a new stake in shares of BILL in the 4th quarter valued at about $828,000. Choreo LLC bought a new stake in shares of BILL in the 4th quarter valued at about $409,000. Rhumbline Advisers raised its holdings in shares of BILL by 153.7% in the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company's stock valued at $22,959,000 after purchasing an additional 164,182 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of BILL in the 4th quarter valued at about $919,000. Finally, IFP Advisors Inc raised its holdings in shares of BILL by 237.9% in the 4th quarter. IFP Advisors Inc now owns 1,115 shares of the company's stock valued at $94,000 after purchasing an additional 785 shares in the last quarter. Institutional investors own 97.99% of the company's stock.

BILL Price Performance

BILL opened at $45.70 on Friday. The company's 50 day simple moving average is $44.01 and its 200 day simple moving average is $64.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. BILL Holdings, Inc. has a 1 year low of $36.55 and a 1 year high of $100.19. The stock has a market capitalization of $4.71 billion, a PE ratio of -4,570.10, a P/E/G ratio of 29.46 and a beta of 1.44.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. The firm had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. BILL had a net margin of 5.90% and a return on equity of 1.53%. BILL's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. As a group, sell-side analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BILL shares. Keefe, Bruyette & Woods reduced their price target on shares of BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a report on Monday, March 31st. The Goldman Sachs Group reduced 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. Wells Fargo & Company reduced their price target on shares of BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a report on Friday, May 9th. BTIG Research initiated coverage on shares of BILL in a research report on Wednesday, April 30th. They issued a "buy" rating and a $60.00 price objective on the stock. Finally, Seaport Res Ptn downgraded shares of BILL from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.

Insider Transactions at BILL

In other BILL news, SVP Germaine Cota sold 1,718 shares of BILL stock in a transaction on Friday, May 30th. The shares were sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the transaction, the senior vice president now owns 9,512 shares of the company's stock, valued at $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 4.20% of the company's stock.

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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