Cambridge Investment Research Advisors Inc. Takes $249,000 Position in Bill.com Holdings, Inc. (NYSE:BILL)

Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,879 shares of the company’s stock, valued at approximately $249,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Advisory Resource Group purchased a new stake in shares of Bill.com during the 3rd quarter valued at about $367,000. Mackenzie Financial Corp purchased a new stake in shares of Bill.com during the 3rd quarter valued at about $225,000. AdvisorNet Financial Inc boosted its holdings in shares of Bill.com by 178.6% during the 3rd quarter. AdvisorNet Financial Inc now owns 312 shares of the company’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Bill.com by 8.3% during the 2nd quarter. Royal London Asset Management Ltd. now owns 35,461 shares of the company’s stock valued at $3,899,000 after acquiring an additional 2,712 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Bill.com by 12.2% during the 2nd quarter. Legal & General Group Plc now owns 540,909 shares of the company’s stock valued at $59,467,000 after acquiring an additional 58,765 shares during the last quarter. Hedge funds and other institutional investors own 95.80% of the company’s stock.

Bill.com Trading Down 1.0 %

Shares of BILL opened at $103.31 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.89 and a quick ratio of 1.89. Bill.com Holdings, Inc. has a 1 year low of $89.87 and a 1 year high of $262.17. The company has a 50 day simple moving average of $111.50 and a two-hundred day simple moving average of $129.38. The firm has a market cap of $10.92 billion, a P/E ratio of -32.18 and a beta of 1.97.

Bill.com (NYSE:BILL – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported ($0.55) earnings per share 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 analysts’ expectations of $210.26 million. On average, equities analysts expect that Bill.com Holdings, Inc. will post -2.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BILL has been the topic of several recent research reports. Wolfe Research lowered their price objective on shares of Bill.com from $190.00 to $150.00 in a research note on Thursday, January 5th. Morgan Stanley lowered their price objective on shares of Bill.com from $220.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th. Oppenheimer lowered their price objective on shares of Bill.com from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday. KeyCorp lowered their price objective on shares of Bill.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th. Finally, BMO Capital Markets lowered their price objective on shares of Bill.com from $180.00 to $158.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.62.

Insider Activity at Bill.com

In related news, insider Bora Chung sold 8,855 shares of the firm’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $126.06, for a total value of $1,116,261.30. Following the completion of the transaction, the insider now directly owns 616 shares of the company’s stock, valued at $77,652.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Bill.com news, insider Bora Chung sold 8,855 shares of Bill.com stock in a transaction on Monday, October 17th. The shares were sold at an average price of $126.06, for a total transaction of $1,116,261.30. Following the completion of the transaction, the insider now directly owns 616 shares of the company’s stock, valued at $77,652.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Cakebread sold 20,000 shares of Bill.com stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $113.44, for a total transaction of $2,268,800.00. Following the transaction, the director now directly owns 953 shares of the company’s stock, valued at $108,108.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,974 shares of company stock valued at $9,255,743. 5.00% of the stock is 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.