David Hornik Acquires 17,710 Shares of BILL Holdings, Inc. (NYSE:BILL) Stock

BILL Holdings, Inc. (NYSE:BILL) Director David Hornik acquired 17,710 shares of the stock in a transaction on Monday, November 13th. The stock was bought at an average price of $56.49 per share, for a total transaction of $1,000,437.90. Following the transaction, the director now owns 17,710 shares in the company, valued at approximately $1,000,437.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

BILL Stock Performance

NYSE BILL opened at $60.96 on Friday. The firm has a market capitalization of $6.51 billion, a P/E ratio of -38.10 and a beta of 1.97. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.81. The stock’s fifty day moving average is $95.45 and its two-hundred day moving average is $104.91. BILL Holdings, Inc. has a fifty-two week low of $51.94 and a fifty-two week high of $139.50.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, August 17th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.23) by $0.33. The firm had revenue of $295.98 million for the quarter, compared to analyst estimates of $279.58 million. BILL had a negative net margin of 14.99% and a negative return on equity of 1.71%. On average, research analysts anticipate that BILL Holdings, Inc. will post -0.51 earnings per share for the current year.

Institutional Investors Weigh In On BILL

A number of institutional investors have recently made changes to their positions in the stock. Lindbrook Capital LLC increased its position in shares of BILL by 64.8% during the second quarter. Lindbrook Capital LLC now owns 234 shares of the company’s stock valued at $27,000 after acquiring an additional 92 shares during the last quarter. SVB Wealth LLC increased its position in shares of BILL by 3.0% during the second quarter. SVB Wealth LLC now owns 3,172 shares of the company’s stock valued at $371,000 after acquiring an additional 93 shares during the last quarter. Utah Retirement Systems increased its position in shares of BILL by 0.6% during the fourth quarter. Utah Retirement Systems now owns 17,610 shares of the company’s stock valued at $1,919,000 after acquiring an additional 100 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of BILL by 14.1% during the first quarter. First Horizon Advisors Inc. now owns 948 shares of the company’s stock valued at $77,000 after acquiring an additional 117 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its position in shares of BILL by 2.6% during the first quarter. Vestmark Advisory Solutions Inc. now owns 4,987 shares of the company’s stock valued at $405,000 after acquiring an additional 127 shares during the last quarter.

Wall Street Analysts Forecast Growth

BILL has been the topic of several recent research reports. KeyCorp lowered BILL from an “overweight” rating to a “sector weight” rating in a research report on Friday, November 3rd. Piper Sandler lowered their price objective on BILL from $165.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. Jefferies Financial Group upped their price target on BILL from $100.00 to $122.00 and gave the stock a “buy” rating in a report on Sunday, August 13th. Keefe, Bruyette & Woods cut their price objective on BILL from $120.00 to $110.00 and set a “market perform” rating for the company in a research report on Friday, August 18th. Finally, UBS Group reaffirmed a “buy” rating and set a $126.00 target price on shares of BILL in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $116.91.

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.