Insider Selling: BILL Holdings, Inc. (NYSE:BILL) Director Sells 519 Shares of Stock

BILL Holdings, Inc. (NYSE:BILL) Director Alison Wagonfeld sold 519 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the sale, the director now directly owns 1,038 shares of the company’s stock, valued at $59,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BILL Stock Performance

BILL stock traded down $0.95 during midday trading on Wednesday, hitting $55.30. 949,608 shares of the stock traded hands, compared to its average volume of 1,914,939. The firm has a market cap of $5.87 billion, a P/E ratio of -70.00 and a beta of 1.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. The stock’s fifty day simple moving average is $53.27 and its 200-day simple moving average is $53.75. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $105.81.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.46 by $0.11. The company had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the business earned $0.10 earnings per share. On average, analysts expect that BILL Holdings, Inc. will post -0.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on BILL shares. The Goldman Sachs Group increased their target price on shares of BILL from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $100.00 price target on shares of BILL in a report on Friday, August 23rd. Susquehanna reaffirmed a “positive” rating and issued a $100.00 price target on shares of BILL in a report on Monday, August 19th. BMO Capital Markets decreased their price target on shares of BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a report on Monday, August 26th. Finally, Keefe, Bruyette & Woods decreased their price target 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.71.

Institutional Trading of BILL

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc purchased a new position in BILL during the second quarter valued at $46,000. Benjamin F. Edwards & Company Inc. lifted its holdings in BILL by 57.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after purchasing an additional 295 shares in the last quarter. UniSuper Management Pty Ltd lifted 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 valued at $96,000 after purchasing an additional 700 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of BILL by 1,167.5% in the third quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock worth $101,000 after buying an additional 1,763 shares in the last quarter. Institutional investors and hedge funds own 97.99% 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.