Washington Capital Management Inc. Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Washington Capital Management Inc. bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 5,200 shares of the company’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its stake 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 buying an additional 257 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of BILL by 75.0% in the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after purchasing an additional 282 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of BILL by 57.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after purchasing an additional 295 shares in the last quarter. Institute for Wealth Management LLC. lifted its stake in BILL by 4.4% during the second quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock valued at $404,000 after purchasing an additional 322 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its holdings in BILL by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after buying an additional 700 shares in the last quarter. 97.99% of the stock is owned by institutional investors.

BILL Stock Down 0.2 %

Shares of NYSE BILL traded down $0.12 during trading hours on Tuesday, hitting $55.80. The stock had a trading volume of 322,677 shares, compared to its average volume of 1,935,613. The firm’s 50-day moving average price is $51.85 and its two-hundred day moving average price is $54.06. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $113.57. The company has a market capitalization of $5.92 billion, a P/E ratio of -70.80 and a beta of 1.61. 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 (NYSE:BILL) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The company had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. During the same quarter in the prior year, the business posted $0.10 EPS. BILL’s quarterly revenue was up 16.1% on a year-over-year basis. Analysts anticipate that BILL Holdings, Inc. will post -0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BILL shares. Piper Sandler increased their price objective on BILL from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Susquehanna reiterated a “positive” rating and issued a $100.00 price target on shares of BILL in a research report on Monday, August 19th. JPMorgan Chase & Co. cut their price objective on BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Keefe, Bruyette & Woods decreased their target price on shares of BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, August 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of BILL in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $70.59.

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 803 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.75, for a total transaction of $43,964.25. Following the transaction, the senior vice president now owns 6,861 shares of the company’s stock, valued at approximately $375,639.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Germaine Cota sold 803 shares of BILL stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the transaction, the senior vice president now owns 6,861 shares in the company, valued at $375,639.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rene A. Lacerte bought 42,248 shares of the business’s stock in a transaction on Monday, August 26th. The shares were purchased at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the transaction, the chief executive officer now owns 184,249 shares in the company, valued at approximately $9,138,750.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 68,372 shares of company stock worth $3,404,826 over the last three months. Corporate insiders own 3.80% of the company’s stock.

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.