Charles Schwab Investment Management Inc. Acquires 279,256 Shares of BILL Holdings, Inc. (NYSE:BILL)

Charles Schwab Investment Management Inc. grew its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 45.3% in the third quarter, HoldingsChannel.com reports. The firm owned 895,833 shares of the company’s stock after purchasing an additional 279,256 shares during the period. Charles Schwab Investment Management Inc.’s holdings in BILL were worth $47,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its holdings in BILL by 4.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after purchasing an additional 257 shares during the last quarter. Versant Capital Management Inc bought a new position in BILL in the 2nd quarter worth approximately $46,000. SG Americas Securities LLC boosted its holdings in BILL by 826.5% in the 2nd quarter. SG Americas Securities LLC now owns 41,043 shares of the company’s stock worth $2,160,000 after buying an additional 36,613 shares during the period. Archford Capital Strategies LLC grew its stake in BILL by 24.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 15,515 shares of the company’s stock valued at $816,000 after buying an additional 3,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in BILL by 23.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 95,705 shares of the company’s stock valued at $5,036,000 after acquiring an additional 18,121 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Stock Up 0.5 %

BILL stock opened at $90.22 on Monday. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $94.28. The firm’s 50 day moving average price is $66.13 and its 200-day moving average price is $56.61. The firm has a market cap of $9.34 billion, a PE ratio of -273.39 and a beta of 1.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

Insider Activity at BILL

In other BILL news, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This trade represents a 22.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the sale, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. This represents a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,823 shares of company stock worth $218,887. Company insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on BILL from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Thursday, September 12th. Robert W. Baird raised their price objective on shares of BILL from $62.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their target price on shares of BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Finally, Morgan Stanley raised their price target on shares of BILL from $58.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $75.78.

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.