Handelsbanken Fonder AB Has $1.51 Million Stake in BILL Holdings, Inc. (NYSE:BILL)

Handelsbanken Fonder AB raised its stake in BILL Holdings, Inc. (NYSE:BILL) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,556 shares of the company’s stock after buying an additional 300 shares during the quarter. Handelsbanken Fonder AB’s holdings in BILL were worth $1,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BILL. Asset Management One Co. Ltd. grew its stake in BILL by 3.9% in the third quarter. Asset Management One Co. Ltd. now owns 38,584 shares of the company’s stock valued at $4,189,000 after purchasing an additional 1,455 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in BILL in the third quarter valued at approximately $278,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in BILL by 10.9% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,400 shares of the company’s stock valued at $2,975,000 after purchasing an additional 2,700 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of BILL during the 3rd quarter worth approximately $218,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of BILL by 1,432.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 31,203 shares of the company’s stock worth $3,388,000 after acquiring an additional 29,167 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the transaction, the senior vice president now owns 5,093 shares of the company’s stock, valued at approximately $332,776.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

BILL Price Performance

Shares of BILL stock opened at $62.44 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. BILL Holdings, Inc. has a twelve month low of $51.94 and a twelve month high of $139.50. The company has a market cap of $6.56 billion, a P/E ratio of -57.81, a P/E/G ratio of 81.43 and a beta of 1.66. The business has a fifty day simple moving average of $64.26 and a 200 day simple moving average of $72.46.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.26. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. The business had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. On average, sell-side analysts forecast that BILL Holdings, Inc. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Oppenheimer lifted their price target on BILL from $75.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Robert W. Baird dropped their price target on BILL from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Citigroup lifted their price target on BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, February 12th. JPMorgan Chase & Co. dropped their price target on BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Finally, Piper Sandler dropped their price objective on BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.57.

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.