Principal Financial Group Inc. Purchases 9,966 Shares of BILL Holdings, Inc. (NYSE:BILL)

Principal Financial Group Inc. lifted its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 2.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 401,570 shares of the company's stock after purchasing an additional 9,966 shares during the period. Principal Financial Group Inc. owned about 0.39% of BILL worth $18,428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC boosted its holdings in 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 acquiring an additional 247 shares in the last quarter. CoreCap Advisors LLC bought a new stake in BILL in the fourth quarter valued at $30,000. GeoWealth Management LLC bought a new stake in BILL in the fourth quarter valued at $32,000. AXA S.A. boosted its holdings in BILL by 0.5% in the fourth quarter. AXA S.A. now owns 81,690 shares of the company's stock valued at $6,920,000 after acquiring an additional 429 shares in the last quarter. Finally, 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 valued at $34,000 after acquiring an additional 429 shares in the last quarter. Institutional investors own 97.99% of the company's stock.

Wall Street Analyst Weigh In

BILL has been the topic of several recent analyst reports. Citigroup cut their price target on shares of BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Morgan Stanley lowered BILL from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $60.00 to $55.00 in a research report on Wednesday, June 11th. Robert W. Baird lowered 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. The Goldman Sachs Group lowered their price objective on BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Piper Sandler lowered their price objective on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.75.

Insider Transactions at BILL

In other BILL 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 transaction of $73,100.90. Following the completion of the sale, the senior vice president directly owned 9,512 shares in the company, valued at $404,735.60. The trade was a 15.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.

BILL Price Performance

Shares of NYSE:BILL opened at $46.44 on Friday. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The business has a 50-day simple moving average of $45.33 and a two-hundred day simple moving average of $56.56. 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 firm has a market cap of $4.78 billion, a price-to-earnings ratio of -386.93, a price-to-earnings-growth ratio of 10.15 and a beta of 1.35.

BILL (NYSE:BILL - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping 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 analyst estimates of $355.85 million. During the same quarter in the previous year, the firm earned $0.60 EPS. BILL's revenue was up 10.9% on a year-over-year basis. On average, analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

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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