BILL Holdings, Inc. (NYSE:BILL) Shares Bought by Washington Capital Management Inc.

Washington Capital Management Inc. raised its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 98.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,300 shares of the company's stock after purchasing an additional 6,100 shares during the quarter. Washington Capital Management Inc.'s holdings in BILL were worth $564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CoreCap Advisors LLC purchased a new position in shares of BILL during the 4th quarter worth approximately $30,000. Global Retirement Partners LLC grew its stake in shares of BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock worth $32,000 after purchasing an additional 377 shares during the period. Coppell Advisory Solutions LLC grew its stake in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after purchasing an additional 247 shares during the period. GeoWealth Management LLC acquired a new position in shares of BILL during the 4th quarter worth $32,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of BILL during the 4th quarter worth $39,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Stock Down 3.3%

NYSE BILL traded down $1.51 during trading hours on Wednesday, hitting $43.87. The company had a trading volume of 2,622,968 shares, compared to its average volume of 2,281,020. 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 market capitalization of $4.52 billion, a price-to-earnings ratio of -4,386.50, a P/E/G ratio of 29.46 and a beta of 1.36. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The firm's 50 day moving average is $44.03 and its 200 day moving average is $63.23.

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 firm had revenue of $358.22 million during the quarter, compared to analysts' expectations of $355.85 million. BILL had a return on equity of 1.53% and a net margin of 5.90%. BILL's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. Sell-side analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 1,718 shares of the business's 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 transaction, the senior vice president now owns 9,512 shares in the company, valued at $404,735.60. The trade was a 15.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.20% of the stock is owned by company insiders.

Analyst Ratings Changes

BILL has been the topic of a number of recent analyst reports. Mizuho lowered their price target on shares of BILL from $53.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. Robert W. Baird decreased their price target on BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Truist Financial assumed coverage on BILL in a research note on Monday, June 2nd. They set a "hold" rating and a $47.00 price target on the stock. Wells Fargo & Company cut their price target on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research note on Friday, May 9th. Finally, The Goldman Sachs Group cut their price target on BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, BILL presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.75.

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.