BILL Holdings, Inc. (NYSE:BILL) Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC increased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 53.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 442,786 shares of the company's stock after purchasing an additional 154,542 shares during the period. WCM Investment Management LLC owned 0.43% of BILL worth $20,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC lifted its holdings in BILL by 202.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after buying an additional 247 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in shares of BILL during the fourth quarter worth approximately $30,000. Arizona State Retirement System grew its holdings in BILL by 1.3% during the 4th quarter. Arizona State Retirement System now owns 29,414 shares of the company's stock worth $2,492,000 after acquiring an additional 380 shares in the last quarter. GeoWealth Management LLC bought a new stake in BILL in the fourth quarter valued at about $32,000. Finally, AXA S.A. increased its holdings in shares of BILL by 0.5% in the 4th 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 during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BILL

In other BILL news, SVP Germaine Cota sold 1,718 shares of the company's stock in a transaction dated 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 sale, the senior vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the transaction, the insider directly owned 9,298 shares in the company, valued at $420,734.50. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. KeyCorp lowered their target price on shares of BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Citigroup decreased their price target on shares of BILL from $88.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Canaccord Genuity Group dropped their price objective on shares of BILL from $105.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley cut shares of BILL from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $60.00 to $55.00 in a report on Wednesday, June 11th. Finally, Robert W. Baird lowered their target price on BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.75.

BILL Stock Performance

Shares of BILL traded up $1.55 during trading hours on Friday, reaching $48.11. 1,611,636 shares of the company's stock traded hands, compared to its average volume of 2,338,963. BILL Holdings, Inc. has a twelve month low of $36.55 and a twelve month high of $100.19. The business's fifty day simple moving average is $45.13 and its two-hundred day simple moving average is $57.94. 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 firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of -400.88, a P/E/G ratio of 9.91 and a beta of 1.35.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results 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. BILL had a net margin of 2.70% and a return on equity of 1.21%. The firm had revenue of $358.22 million during the quarter, compared to analyst estimates of $355.85 million. During the same quarter in the prior year, the firm posted $0.60 EPS. BILL's revenue was up 10.9% compared to the same quarter last year. Analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

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.