Quantbot Technologies LP Raises Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Quantbot Technologies LP increased its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 534.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,081 shares of the company’s stock after purchasing an additional 43,025 shares during the quarter. Quantbot Technologies LP’s holdings in BILL were worth $2,688,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BILL. Quest Partners LLC purchased a new position in BILL during the 4th quarter worth $35,000. Advisors Asset Management Inc. raised its stake in BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after buying an additional 282 shares during the last quarter. Versant Capital Management Inc purchased a new stake in BILL in the second quarter valued at about $46,000. Benjamin F. Edwards & Company Inc. raised its stake in BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after buying an additional 295 shares during the last quarter. Finally, Garner Asset Management Corp purchased a new stake in BILL in the fourth quarter valued at about $90,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BILL. Susquehanna restated a “positive” rating and issued a $100.00 target price on shares of BILL in a research note on Monday, August 19th. Canaccord Genuity Group restated a “buy” rating and issued a $100.00 target price on shares of BILL in a research note on Friday, August 23rd. BNP Paribas upgraded BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Thursday, September 12th. Mizuho reduced their target price on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. Finally, Robert W. Baird reduced their target price on BILL from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, BILL has an average rating of “Hold” and an average price target of $70.24.

Insider Buying and Selling

In other news, CEO Rene A. Lacerte acquired 42,248 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the acquisition, the chief executive officer now owns 184,249 shares in the company, valued at approximately $9,138,750.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Rene A. Lacerte acquired 42,248 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the acquisition, the chief executive officer now owns 184,249 shares in the company, valued at approximately $9,138,750.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John R. Rettig acquired 21,124 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $49.40 per share, for a total transaction of $1,043,525.60. Following the completion of the acquisition, the chief financial officer now owns 80,474 shares in the company, valued at approximately $3,975,415.60. The disclosure for this purchase can be found here. In the last three months, insiders have bought 68,372 shares of company stock worth $3,404,826. Insiders own 3.80% of the company’s stock.

BILL Price Performance

Shares of BILL stock opened at $50.62 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $118.69. The business has a 50-day moving average price of $51.15 and a 200 day moving average price of $55.78. The firm has a market cap of $5.37 billion, a PE ratio of -64.08 and a beta of 1.61.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The firm had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. During the same quarter in the previous year, the business earned $0.10 EPS. BILL’s revenue for the quarter was up 16.1% compared to the same quarter last year. Sell-side analysts predict that BILL Holdings, Inc. will post -0.58 earnings per share for the current fiscal year.

About BILL

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.