GSA Capital Partners LLP Raises Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

GSA Capital Partners LLP raised its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 97.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,342 shares of the company’s stock after acquiring an additional 6,103 shares during the quarter. GSA Capital Partners LLP’s holdings in BILL were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BILL. Advisors Asset Management Inc. raised its holdings in shares of BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of BILL during the second quarter valued at approximately $46,000. Venturi Wealth Management LLC raised its holdings in shares of BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock valued at $68,000 after acquiring an additional 1,020 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of BILL by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock valued at $96,000 after acquiring an additional 700 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after acquiring an additional 249 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BILL shares. Susquehanna reaffirmed a “positive” rating and issued a $100.00 price target on shares of BILL in a report on Monday, August 19th. UBS Group cut their price target on BILL from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, August 15th. The Goldman Sachs Group increased their price target on BILL from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $100.00 price target on shares of BILL in a report on Friday, August 23rd. Finally, BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, BILL presently has an average rating of “Hold” and an average price target of $74.65.

Insider Transactions at BILL

In other news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now owns 259 shares in the company, valued at approximately $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the transaction, the senior vice president now owns 5,348 shares in the company, valued at $417,090.52. This trade represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 68,372 shares of company stock worth $3,404,826 and have sold 6,112 shares worth $398,910. Insiders own 4.20% of the company’s stock.

BILL Trading Down 0.1 %

BILL opened at $84.64 on Tuesday. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $91.19. The business has a fifty day simple moving average of $59.32 and a 200-day simple moving average of $54.55. The firm has a market cap of $8.76 billion, a P/E ratio of -256.48 and a beta of 1.59. The company has a quick ratio of 1.55, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

BILL (NYSE:BILL) last released its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. The firm had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. BILL had a return on equity of 1.54% and a net margin of 0.59%. BILL’s revenue was up 16.1% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. On average, equities analysts expect that BILL Holdings, Inc. will post -0.18 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.