Y Intercept Hong Kong Ltd Invests $1.58 Million in BILL Holdings, Inc. (NYSE:BILL)

Y Intercept Hong Kong Ltd acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 34,375 shares of the company's stock, valued at approximately $1,577,000.

Other hedge funds also recently made changes to their positions in the company. Summit Wealth & Retirement Planning Inc. purchased a new position in BILL during the 1st quarter worth approximately $229,000. Twin Capital Management Inc. acquired a new position in BILL in the first quarter valued at $859,000. IFP Advisors Inc raised its holdings in shares of BILL by 107.0% in the first quarter. IFP Advisors Inc now owns 2,308 shares of the company's stock valued at $106,000 after buying an additional 1,193 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of BILL during the first quarter worth about $32,460,000. Finally, Cohen Capital Management Inc. lifted its position in BILL by 35.6% during the 1st quarter. Cohen Capital Management Inc. now owns 110,338 shares of the company's stock worth $5,063,000 after acquiring an additional 28,950 shares during the period. Hedge funds and other institutional investors own 97.99% of the company's stock.

Insider Buying and Selling at BILL

In related news, insider Rajesh A. Aji sold 1,780 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the transaction, the insider owned 9,298 shares of the company's stock, valued at approximately $420,734.50. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value 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. The trade was a 15.30% 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 BILL stock traded up $0.64 on Friday, reaching $45.88. The company had a trading volume of 1,254,789 shares, compared to its average volume of 1,814,907. The business's 50-day moving average is $45.21 and its 200 day moving average is $53.30. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $4.73 billion, a PE ratio of -382.26, a price-to-earnings-growth ratio of 13.01 and a beta of 1.35.

BILL (NYSE:BILL - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.13. The company had revenue of $358.22 million during the quarter, compared to analyst estimates of $355.85 million. BILL had a return on equity of 1.21% and a net margin of 2.70%. BILL's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Equities research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. The Goldman Sachs Group cut 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. BTIG Research began coverage on BILL in a research note on Wednesday, April 30th. They set a "buy" rating and a $60.00 target price for the company. UBS Group increased their price objective on BILL from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company reduced their target price on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a report on Friday, May 9th. Finally, Canaccord Genuity Group lowered their price target 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.