BILL Holdings, Inc. (NYSE:BILL) Position Trimmed by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. trimmed its holdings in shares of BILL Holdings, Inc. (NYSE:BILLFree Report) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,751 shares of the company’s stock after selling 7,494 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in BILL were worth $3,896,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC acquired a new position in BILL in the fourth quarter valued at approximately $35,000. Sands Capital Management LLC bought a new position in BILL during the 3rd quarter worth $136,000. Principal Securities Inc. acquired a new stake in BILL in the fourth quarter worth $138,000. Raymond James Financial Services Advisors Inc. lifted its stake in BILL by 11.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company’s stock valued at $209,000 after buying an additional 193 shares during the last quarter. Finally, EMC Capital Management acquired a new position in shares of BILL during the fourth quarter valued at $163,000. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Price Performance

NYSE:BILL opened at $51.29 on Friday. The firm has a market cap of $5.44 billion, a PE ratio of -64.92 and a beta of 1.68. BILL Holdings, Inc. has a 12 month low of $50.41 and a 12 month high of $139.50. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $60.56 and its two-hundred day moving average price is $67.10.

BILL (NYSE:BILLGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17. The company had revenue of $323.03 million during the quarter, compared to the consensus estimate of $305.23 million. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. On average, equities analysts anticipate that BILL Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Insider Activity at BILL

In related news, SVP Germaine Cota sold 920 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the transaction, the senior vice president now owns 5,093 shares in the company, valued at $332,776.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

BILL has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of BILL in a research report on Friday, May 3rd. Canaccord Genuity Group restated a “buy” rating and issued a $100.00 target price on shares of BILL in a research report on Friday, May 3rd. Jefferies Financial Group reduced their price target on BILL from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Oppenheimer raised their price target on BILL from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Finally, Robert W. Baird reduced their price objective on shares of BILL from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.35.

Check Out Our Latest Report on BILL

BILL Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for BILL (NYSE:BILL)

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