Insider Buying: BILL Holdings, Inc. (NYSE:BILL) CEO Buys 42,248 Shares of Stock

BILL Holdings, Inc. (NYSE:BILL) CEO Rene A. Lacerte bought 42,248 shares of the stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the purchase, the chief executive officer now owns 184,249 shares in the company, valued at $9,138,750.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

BILL Stock Up 5.1 %

BILL stock opened at $49.76 on Tuesday. The company has a market cap of $5.28 billion, a price-to-earnings ratio of -62.99 and a beta of 1.61. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $119.32. The firm has a 50-day moving average of $50.22 and a two-hundred day moving average of $56.97.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. The company had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. BILL’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. As a group, analysts forecast that BILL Holdings, Inc. will post -0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BILL shares. UBS Group lowered their target price on shares of BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. JPMorgan Chase & Co. lowered their target price on shares of BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. The Goldman Sachs Group lowered shares of BILL from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $86.00 to $54.00 in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of BILL in a research note on Friday. Finally, Evercore ISI decreased their price target on shares of BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.65.

Institutional Trading of BILL

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of BILL by 7.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 508,364 shares of the company’s stock worth $41,484,000 after buying an additional 36,233 shares during the last quarter. Coatue Management LLC acquired a new stake in shares of BILL during the 4th quarter worth approximately $163,218,000. Vanguard Group Inc. increased its holdings in shares of BILL by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock worth $685,573,000 after buying an additional 94,786 shares during the last quarter. Contour Asset Management LLC acquired a new stake in shares of BILL during the 4th quarter worth approximately $49,509,000. Finally, Victory Capital Management Inc. increased its holdings in shares of BILL by 23.4% during the 4th quarter. Victory Capital Management Inc. now owns 13,734 shares of the company’s stock worth $1,121,000 after buying an additional 2,604 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.