Universal Beteiligungs und Servicegesellschaft mbH Takes $339,000 Position in BILL Holdings, Inc. (NYSE:BILL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $339,000 in BILL Holdings, Inc. by purchasing 7,398 shares in the first quarter.
• Recent price targets for BILL's stock vary, with UBS Group increasing its target from $60.00 to $65.00, while Mizuho lowered it from $53.00 to $50.00, reflecting a mixed outlook from analysts.
• BILL stock has experienced a recent decline of 2.6%, with its price currently around $41.72, and the company reported a quarterly revenue increase of 10.9% year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,398 shares of the company's stock, valued at approximately $339,000.

A number of other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new position in shares of BILL in the 4th quarter worth approximately $229,000. Pictet Asset Management Holding SA lifted its position in BILL by 10.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,708 shares of the company's stock worth $1,246,000 after buying an additional 1,337 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in BILL during the fourth quarter worth $658,000. Alliancebernstein L.P. increased its position in BILL by 114.8% during the fourth quarter. Alliancebernstein L.P. now owns 126,622 shares of the company's stock valued at $10,726,000 after acquiring an additional 67,676 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of BILL by 96.9% in the fourth quarter. National Bank of Canada FI now owns 57,300 shares of the company's stock valued at $4,854,000 after acquiring an additional 28,200 shares during the period. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Trading Up 1.1%

BILL traded up $0.45 during trading hours on Wednesday, reaching $42.19. The company's stock had a trading volume of 1,539,024 shares, compared to its average volume of 1,782,017. The stock has a market cap of $4.35 billion, a PE ratio of -351.59, a P/E/G ratio of 11.83 and a beta of 1.35. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The business's 50-day moving average is $45.00 and its 200-day moving average is $51.30.

BILL (NYSE:BILL - Get Free Report) last released its quarterly 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. The business had revenue of $358.22 million during 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%. The company's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. As a group, equities research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at BILL

In related news, 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 transaction, the senior vice president owned 9,512 shares of the company's stock, valued at approximately $404,735.60. This represents a 15.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $80,545.00. Following the completion of the transaction, the insider directly 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 owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on BILL. Needham & Company LLC reissued a "buy" rating and set a $75.00 price target on shares of BILL in a research note on Thursday, June 26th. BTIG Research initiated coverage on shares of BILL in a report on Wednesday, April 30th. They set a "buy" rating and a $60.00 price objective for the company. Citigroup dropped their target price on shares of BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Canaccord Genuity Group decreased their price target 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on BILL in a research report on Thursday, July 17th. They set a "hold" rating and a $49.00 target price for the company. One investment 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's stock. Based on data from MarketBeat, BILL has a consensus rating of "Moderate Buy" and an average target price of $62.10.

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.