BILL Holdings, Inc. (NYSE:BILL) Position Increased by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 113.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,108 shares of the company’s stock after buying an additional 1,651 shares during the quarter. Federated Hermes Inc.’s holdings in BILL were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of BILL by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 508,364 shares of the company’s stock worth $41,484,000 after purchasing an additional 36,233 shares during the period. Coatue Management LLC acquired a new stake in shares of BILL during the 4th quarter valued at $163,218,000. Vanguard Group Inc. grew 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 valued at $685,573,000 after acquiring an additional 94,786 shares in the last quarter. Contour Asset Management LLC purchased a new stake in shares of BILL during the fourth quarter worth $49,509,000. Finally, SRS Investment Management LLC acquired a new stake in BILL during the fourth quarter valued at $9,889,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of BILL in a research note on Friday, August 23rd. Evercore ISI dropped 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, August 23rd. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a research note on Friday, August 23rd. The Goldman Sachs Group lowered BILL from a “buy” rating to a “neutral” rating and cut their target price for the company from $86.00 to $54.00 in a report on Friday, August 23rd. Finally, Wolfe Research cut BILL from an “outperform” rating to a “peer perform” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $70.24.

Insider Activity at BILL

In other BILL news, insider Rajesh A. Aji sold 2,486 shares of BILL stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $54.73, for a total transaction of $136,058.78. Following the sale, the insider now directly owns 7,812 shares of the company’s stock, valued at $427,550.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BILL news, SVP Germaine Cota sold 803 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $54.75, for a total transaction of $43,964.25. Following the sale, the senior vice president now directly owns 6,861 shares of the company’s stock, valued at $375,639.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rajesh A. Aji sold 2,486 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $54.73, for a total transaction of $136,058.78. Following the sale, the insider now directly owns 7,812 shares of the company’s stock, valued at approximately $427,550.76. The disclosure for this sale can be found here. Insiders have acquired a total of 68,372 shares of company stock valued at $3,404,826 over the last quarter. 3.80% of the stock is owned by company insiders.

BILL Trading Up 0.5 %

Shares of BILL opened at $52.89 on Wednesday. The stock’s 50-day moving average price is $51.29 and its 200 day moving average price is $55.48. 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 12-month low of $43.11 and a 12-month high of $118.69. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of -66.95 and a beta of 1.61.

BILL (NYSE:BILL) last issued its earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. During the same period in the prior year, the company posted $0.10 earnings per share. BILL’s revenue was up 16.1% on a year-over-year basis. As a group, research analysts predict that BILL Holdings, Inc. will post -0.58 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.