6,791 Shares in BILL Holdings, Inc. (NYSE:BILL) Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 6,791 shares of the company’s stock, valued at approximately $358,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of BILL by 32.7% during the first quarter. Principal Financial Group Inc. now owns 8,562 shares of the company’s stock worth $588,000 after purchasing an additional 2,109 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of BILL by 79.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 8,992 shares of the company’s stock valued at $618,000 after buying an additional 3,972 shares during the period. FORA Capital LLC purchased a new position in shares of BILL during the 1st quarter valued at $2,656,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of BILL by 8,529.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,660 shares of the company’s stock worth $1,488,000 after acquiring an additional 21,409 shares during the last quarter. Finally, Cohen Capital Management Inc. purchased a new stake in shares of BILL during the first quarter worth $2,746,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Price Performance

NYSE BILL opened at $58.26 on Monday. The stock has a market capitalization of $6.03 billion, a PE ratio of -86.96 and a beta of 1.59. The stock has a 50-day simple moving average of $54.24 and a 200 day simple moving average of $53.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $93.16.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. During the same period in the prior year, the business earned $0.10 earnings per share. BILL’s revenue for the quarter was up 16.1% compared to the same quarter last year. Research analysts anticipate that BILL Holdings, Inc. will post -0.58 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Rene A. Lacerte acquired 42,248 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average price of $49.60 per share, with a total value of $2,095,500.80. Following the completion of the transaction, the chief executive officer now owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other BILL news, CEO Rene A. Lacerte acquired 42,248 shares of BILL stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the acquisition, the chief executive officer now owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John R. Rettig acquired 21,124 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $49.40 per share, for a total transaction of $1,043,525.60. Following the completion of the acquisition, the chief financial officer now directly owns 80,474 shares of the company’s stock, valued at approximately $3,975,415.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 68,372 shares of company stock worth $3,404,826 and have sold 3,808 shares worth $209,866. Company insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BILL. Oppenheimer lowered their target price on BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Mizuho dropped their price objective on BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, August 28th. Piper Sandler lifted their target price on shares of BILL from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. BMO Capital Markets dropped their price target on shares of 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, Robert W. Baird raised their price target on shares of BILL from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $70.71.

About BILL

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.