KBC Group NV Has $1.17 Million Holdings in BILL Holdings, Inc. (NYSE:BILL)

KBC Group NV cut its position in shares of BILL Holdings, Inc. (NYSE:BILLFree Report) by 95.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,329 shares of the company’s stock after selling 299,215 shares during the period. KBC Group NV’s holdings in BILL were worth $1,169,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quest Partners LLC bought a new position in BILL during the fourth quarter valued at approximately $35,000. Sands Capital Management LLC acquired a new stake in shares of BILL in the 3rd quarter valued at $136,000. Principal Securities Inc. bought a new stake in BILL in the fourth quarter worth $138,000. EMC Capital Management bought a new stake in BILL in the fourth quarter worth $163,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in BILL during the third quarter worth $219,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BILL has been the subject of a number of analyst reports. BNP Paribas raised BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target for the company in a research report on Wednesday, March 13th. William Blair reaffirmed a “market perform” rating on shares of BILL in a report on Friday, May 3rd. Wells Fargo & Company reiterated an “underweight” rating and issued a $60.00 target price (down previously from $70.00) on shares of BILL in a report on Monday, April 1st. Citigroup upped their price target on shares of BILL from $85.00 to $86.00 and gave the company a “buy” rating in a report on Monday, February 12th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.65.

View Our Latest Report on BILL

Insider Transactions at BILL

In related news, SVP Germaine Cota sold 642 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $51.59, for a total transaction of $33,120.78. Following the completion of the sale, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at approximately $312,480.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other BILL news, SVP Germaine Cota sold 642 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.59, for a total transaction of $33,120.78. Following the sale, the senior vice president now owns 6,057 shares of the company’s stock, valued at approximately $312,480.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Rajesh A. Aji sold 2,616 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $51.60, for a total transaction of $134,985.60. Following the completion of the transaction, the insider now directly owns 9,126 shares of the company’s stock, valued at $470,901.60. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

BILL Stock Up 0.2 %

Shares of NYSE:BILL opened at $51.25 on Friday. The company’s fifty day moving average is $58.51 and its 200-day moving average is $66.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. BILL Holdings, Inc. has a 52 week low of $49.06 and a 52 week high of $139.50. The company has a market capitalization of $5.44 billion, a PE ratio of -64.87 and a beta of 1.61.

BILL (NYSE:BILLGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.17. The firm 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%. Equities research analysts predict that BILL Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

BILL 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

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Institutional Ownership by Quarter for BILL (NYSE:BILL)

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