Everence Capital Management Inc. Purchases New Position in BILL Holdings, Inc. (NYSE:BILL)

Everence Capital Management Inc. acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,120 shares of the company’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares in the last quarter. Versant Capital Management Inc boosted its holdings in BILL by 26.7% during the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock worth $137,000 after acquiring an additional 340 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of BILL by 62.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 16,587 shares of the company’s stock worth $875,000 after acquiring an additional 6,355 shares in the last quarter. Pier Capital LLC purchased a new stake in shares of BILL in the third quarter valued at about $5,400,000. Finally, National Bank of Canada FI bought a new position in shares of BILL during the third quarter valued at about $1,535,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BILL shares. Piper Sandler upped their price objective on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Thursday, September 12th. Morgan Stanley boosted their price objective on BILL from $58.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 26th. Susquehanna raised their target price on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on BILL from $77.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $83.53.

Insider Activity

In other BILL news, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the completion of the transaction, the director now owns 1,038 shares of the company’s stock, valued at $59,685. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Germaine Cota sold 1,525 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the sale, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 22.19 % 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. 4.20% of the stock is owned by corporate insiders.

BILL Stock Down 4.3 %

BILL stock opened at $83.75 on Wednesday. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of -253.79 and a beta of 1.72. The firm has a 50 day simple moving average of $84.39 and a 200 day simple moving average of $63.59. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $97.86. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

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.