KBC Group NV Sells 231 Shares of BILL Holdings, Inc. (NYSE:BILL)

KBC Group NV trimmed its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 6.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,120 shares of the company’s stock after selling 231 shares during the quarter. KBC Group NV’s holdings in BILL were worth $165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BILL. Advisors Asset Management Inc. grew its position in shares of BILL by 75.0% during the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after buying an additional 282 shares during the period. Versant Capital Management Inc acquired a new position in shares of BILL in the 2nd quarter valued at approximately $46,000. Venturi Wealth Management LLC raised its holdings in BILL by 377.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after buying an additional 1,020 shares during the period. UniSuper Management Pty Ltd lifted its stake in BILL by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock valued at $96,000 after buying an additional 700 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of BILL by 15.1% in the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after buying an additional 249 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Stock Up 2.1 %

BILL stock opened at $87.92 on Thursday. The firm has a 50 day moving average price of $60.69 and a 200-day moving average price of $54.99. The company has a market capitalization of $9.10 billion, a P/E ratio of -266.41 and a beta of 1.59. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $91.19. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

BILL (NYSE:BILL) last posted its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. The business had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. BILL had a net margin of 0.59% and a return on equity of 1.54%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. As a group, equities analysts predict that BILL Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling

In related news, CFO John R. Rettig bought 21,124 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average price of $49.40 per share, with a total value of $1,043,525.60. Following the purchase, the chief financial officer now owns 80,474 shares of the company’s stock, valued at approximately $3,975,415.60. This trade represents a 35.59 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the transaction, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. This trade represents a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 68,372 shares of company stock worth $3,404,826 and have sold 6,112 shares worth $398,910. 4.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wells Fargo & Company reduced their price target on BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. Canaccord Genuity Group reiterated a “buy” rating and set a $100.00 target price on shares of BILL in a report on Friday, August 23rd. Susquehanna reiterated a “positive” rating and set a $100.00 price target on shares of BILL in a report on Monday, August 19th. BMO Capital Markets dropped their price objective on BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a research note on Monday, August 26th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.65.

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.