Bill.com Holdings, Inc. (NYSE:BILL) Stock Position Reduced by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC cut its stake in shares of Bill.com Holdings, Inc. (NYSE:BILLGet Rating) by 12.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,034 shares of the company’s stock after selling 146 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Bill.com were worth $114,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D grew its position in Bill.com by 23.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 56,769 shares of the company’s stock worth $6,241,000 after acquiring an additional 10,686 shares in the last quarter. Beaumont Financial Partners LLC bought a new stake in Bill.com in the second quarter worth approximately $472,000. Seven Eight Capital LP grew its position in Bill.com by 24.5% in the second quarter. Seven Eight Capital LP now owns 2,223 shares of the company’s stock worth $244,000 after acquiring an additional 438 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Bill.com by 35.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 660 shares of the company’s stock worth $72,000 after acquiring an additional 171 shares in the last quarter. Finally, Aviva PLC grew its position in Bill.com by 91.7% in the second quarter. Aviva PLC now owns 69,293 shares of the company’s stock worth $7,618,000 after acquiring an additional 33,137 shares in the last quarter. 95.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on BILL. Keefe, Bruyette & Woods decreased their target price on shares of Bill.com from $269.00 to $225.00 in a research report on Monday, October 10th. Susquehanna Bancshares decreased their price objective on shares of Bill.com from $140.00 to $120.00 in a report on Friday, September 30th. Jefferies Financial Group upped their price objective on shares of Bill.com from $150.00 to $180.00 in a report on Friday, August 19th. Morgan Stanley decreased their price objective on shares of Bill.com from $220.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, November 4th. Finally, BMO Capital Markets decreased their price objective on shares of Bill.com from $180.00 to $158.00 and set an “outperform” rating for the company in a report on Friday, November 4th. Fourteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $192.10.

Bill.com Price Performance

NYSE:BILL opened at $120.14 on Friday. The stock has a market cap of $12.70 billion, a P/E ratio of -37.43 and a beta of 2.05. Bill.com Holdings, Inc. has a one year low of $89.87 and a one year high of $345.55. The company has a fifty day moving average price of $134.90 and a 200 day moving average price of $134.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.89 and a quick ratio of 1.84.

Bill.com (NYSE:BILLGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.05). Bill.com had a negative net margin of 44.29% and a negative return on equity of 5.45%. The business had revenue of $229.92 million during the quarter, compared to analyst estimates of $210.26 million. Analysts anticipate that Bill.com Holdings, Inc. will post -2.33 earnings per share for the current year.

Insider Activity

In other news, CEO Rene A. Lacerte sold 15,000 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $164.05, for a total value of $2,460,750.00. Following the completion of the transaction, the chief executive officer now owns 210,000 shares in the company, valued at approximately $34,450,500. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Rene A. Lacerte sold 5,000 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $175.00, for a total transaction of $875,000.00. Following the completion of the sale, the chief executive officer now owns 205,000 shares in the company, valued at approximately $35,875,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rene A. Lacerte sold 15,000 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $164.05, for a total transaction of $2,460,750.00. Following the sale, the chief executive officer now owns 210,000 shares of the company’s stock, valued at approximately $34,450,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,692 shares of company stock worth $27,589,136. 5.00% of the stock is currently owned by corporate insiders.

Bill.com Profile

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Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations 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.

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Institutional Ownership by Quarter for Bill.com (NYSE:BILL)

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