Steward Partners Investment Advisory LLC Grows Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Steward Partners Investment Advisory LLC lifted its holdings in BILL Holdings, Inc. (NYSE:BILLFree Report) by 19.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,534 shares of the company’s stock after purchasing an additional 415 shares during the period. Steward Partners Investment Advisory LLC’s holdings in BILL were worth $207,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Quest Partners LLC bought a new position in shares of BILL during the 4th quarter worth approximately $35,000. Sands Capital Management LLC purchased a new position in BILL during the third quarter valued at $136,000. Principal Securities Inc. purchased a new position in BILL during the fourth quarter valued at $138,000. EMC Capital Management acquired a new stake in shares of BILL in the fourth quarter valued at about $163,000. Finally, Advisory Services Network LLC raised its position in shares of BILL by 8.4% in the fourth quarter. Advisory Services Network LLC now owns 2,640 shares of the company’s stock valued at $215,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

BILL has been the subject of several recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $100.00 price objective on shares of BILL in a research report on Friday, May 3rd. Wells Fargo & Company reissued an “underweight” rating and issued a $60.00 price objective (down previously from $70.00) on shares of BILL in a research note on Monday, April 1st. Robert W. Baird lowered their price objective on shares of BILL from $74.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. BNP Paribas upgraded shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target for the company in a research note on Wednesday, March 13th. Finally, BMO Capital Markets decreased their price target on shares of BILL from $82.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.65.

Check Out Our Latest Analysis on BILL

BILL Stock Up 0.2 %

Shares of BILL stock opened at $51.25 on Monday. The company has a market cap of $5.44 billion, a P/E ratio of -64.87 and a beta of 1.61. 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 one year low of $49.06 and a one year high of $139.50. The firm has a fifty day moving average of $58.51 and a two-hundred day moving average of $66.74.

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 analysts’ consensus estimates of ($0.03) by $0.17. The business 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, analysts forecast that BILL Holdings, Inc. will post -0.16 earnings per share for the current year.

About BILL

(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.

Recommended Stories

Want to see what other hedge funds are holding BILL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BILL Holdings, Inc. (NYSE:BILLFree Report).

Institutional Ownership by Quarter for BILL (NYSE:BILL)

Receive News & Ratings for BILL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BILL and related companies with MarketBeat.com's FREE daily email newsletter.