Charles Schwab Investment Management Inc. Purchases 3,508 Shares of BILL Holdings, Inc. (NYSE:BILL)

Charles Schwab Investment Management Inc. lifted its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 0.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 566,304 shares of the company’s stock after purchasing an additional 3,508 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in BILL were worth $45,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC raised its stake in shares of BILL by 3.8% in the first quarter. HighTower Advisors LLC now owns 14,744 shares of the company’s stock worth $1,183,000 after purchasing an additional 537 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in BILL by 186.2% during the first quarter. CIBC Private Wealth Group LLC now owns 93,637 shares of the company’s stock valued at $7,598,000 after acquiring an additional 60,914 shares during the last quarter. RMB Capital Management LLC increased its position in BILL by 144.8% during the first quarter. RMB Capital Management LLC now owns 34,266 shares of the company’s stock valued at $2,780,000 after acquiring an additional 20,270 shares during the last quarter. Synovus Financial Corp grew its holdings in BILL by 88.1% during the first quarter. Synovus Financial Corp now owns 3,682 shares of the company’s stock valued at $299,000 after purchasing an additional 1,725 shares during the period. Finally, Cerity Partners LLC grew its holdings in BILL by 14.2% during the first quarter. Cerity Partners LLC now owns 2,725 shares of the company’s stock valued at $221,000 after purchasing an additional 338 shares during the period.

BILL Stock Performance

NYSE:BILL opened at $116.93 on Friday. The business’s fifty day moving average price is $116.23 and its 200 day moving average price is $99.12. The firm has a market capitalization of $12.47 billion, a PE ratio of -55.16 and a beta of 1.94. BILL Holdings, Inc. has a 12 month low of $68.30 and a 12 month high of $175.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.78 and a quick ratio of 1.92.

Insider Transactions at BILL

In other BILL news, CEO Rene A. Lacerte sold 39,235 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $116.92, for a total value of $4,587,356.20. Following the transaction, the chief executive officer now owns 76,414 shares in the company, valued at approximately $8,934,324.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Rene A. Lacerte sold 39,235 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $116.92, for a total transaction of $4,587,356.20. Following the completion of the sale, the chief executive officer now directly owns 76,414 shares in the company, valued at $8,934,324.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Germaine Cota sold 890 shares of BILL stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $108.94, for a total value of $96,956.60. Following the sale, the senior vice president now directly owns 3,647 shares in the company, valued at $397,304.18. The disclosure for this sale can be found here. Insiders have sold 98,332 shares of company stock worth $11,210,830 over the last quarter. 5.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BILL has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of BILL in a report on Friday, August 18th. JPMorgan Chase & Co. raised their price objective on BILL from $124.00 to $136.00 in a research report on Tuesday, August 22nd. KeyCorp lifted their price target on BILL from $110.00 to $140.00 in a research report on Monday, July 10th. Citigroup lifted their price objective on BILL from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Bank of America reduced their price objective on BILL from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.83.

BILL 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.