Sumitomo Mitsui Trust Holdings Inc. Sells 26,586 Shares of BILL Holdings, Inc. (NYSE:BILL)

Sumitomo Mitsui Trust Holdings Inc. decreased its position in BILL Holdings, Inc. (NYSE:BILLFree Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 590,948 shares of the company’s stock after selling 26,586 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.56% of BILL worth $40,610,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Coatue Management LLC bought a new stake in BILL during the 4th quarter worth about $163,218,000. Norges Bank bought a new stake in BILL during the 4th quarter worth about $95,702,000. Contour Asset Management LLC bought a new stake in BILL during the 4th quarter worth about $49,509,000. Gotham Asset Management LLC grew its holdings in BILL by 14,421.8% during the 4th quarter. Gotham Asset Management LLC now owns 508,408 shares of the company’s stock worth $41,481,000 after acquiring an additional 504,907 shares during the last quarter. Finally, Jackson Square Partners LLC grew its holdings in BILL by 92.1% during the 4th quarter. Jackson Square Partners LLC now owns 974,045 shares of the company’s stock worth $79,472,000 after acquiring an additional 467,111 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BILL. Wells Fargo & Company reissued an “underweight” rating and set a $60.00 price objective (down previously from $70.00) on shares of BILL in a report on Monday, April 1st. Robert W. Baird decreased their price objective on shares of BILL from $74.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. William Blair restated a “market perform” rating on shares of BILL in a research report on Friday, May 3rd. BMO Capital Markets cut their target price on shares of BILL from $82.00 to $75.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Finally, Piper Sandler cut their target price on shares of BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.78.

Read Our Latest Stock Analysis on BILL

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 642 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $312,480.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Germaine Cota sold 642 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.59, for a total transaction of $33,120.78. Following the completion of the transaction, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at approximately $312,480.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rajesh A. Aji sold 2,616 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $51.60, for a total transaction of $134,985.60. Following 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. Corporate insiders own 3.80% of the company’s stock.

BILL Stock Performance

Shares of BILL stock opened at $52.68 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $5.59 billion, a P/E ratio of -66.68 and a beta of 1.61. The company’s 50 day moving average price is $53.63 and its two-hundred day moving average price is $63.84. BILL Holdings, Inc. has a 52 week low of $45.90 and a 52 week high of $139.50.

BILL (NYSE:BILLGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.17. The firm had revenue of $323.03 million for 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 expect that BILL Holdings, Inc. will post -0.19 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.

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Institutional Ownership by Quarter for BILL (NYSE:BILL)

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