Xponance Inc. Cuts Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Xponance Inc. trimmed its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 25.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,134 shares of the company’s stock after selling 2,073 shares during the quarter. Xponance Inc.’s holdings in BILL were worth $323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in BILL. Coatue Management LLC purchased a new position in shares of BILL in the 4th quarter worth about $163,218,000. Kodai Capital Management LP purchased a new position in shares of BILL in the 1st quarter worth about $59,341,000. Contour Asset Management LLC purchased a new position in shares of BILL in the 4th quarter worth about $49,509,000. Dimensional Fund Advisors LP boosted its holdings in shares of BILL by 70.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after buying an additional 575,084 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its holdings in shares of BILL by 14,421.8% in the 4th quarter. Gotham Asset Management LLC now owns 508,408 shares of the company’s stock worth $41,481,000 after buying an additional 504,907 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BILL

In related news, CFO John R. Rettig acquired 21,124 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of $49.40 per share, with a total value of $1,043,525.60. Following the completion of the purchase, the chief financial officer now owns 80,474 shares in the company, valued at approximately $3,975,415.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO John R. Rettig acquired 21,124 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of $49.40 per share, with a total value of $1,043,525.60. Following the completion of the purchase, the chief financial officer now owns 80,474 shares in the company, valued at approximately $3,975,415.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Germaine Cota sold 803 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the sale, the senior vice president now directly owns 6,861 shares of the company’s stock, valued at approximately $375,639.75. The disclosure for this sale can be found here. Insiders have acquired 68,372 shares of company stock worth $3,404,826 over the last ninety days. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group cut their price target on shares of BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Canaccord Genuity Group reissued a “buy” rating and issued a $100.00 price target on shares of BILL in a report on Friday, August 23rd. Wells Fargo & Company dropped their price objective on shares of BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. BMO Capital Markets dropped their price objective on shares of BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a report on Monday, August 26th. Finally, Susquehanna reaffirmed a “positive” rating and set a $100.00 price objective on shares of BILL in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $70.24.

BILL Stock Down 2.9 %

Shares of NYSE BILL opened at $51.23 on Wednesday. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $118.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. The firm’s 50 day simple moving average is $51.08 and its two-hundred day simple moving average is $54.88. The stock has a market capitalization of $5.44 billion, a P/E ratio of -64.85 and a beta of 1.61.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The business had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. During the same period last year, the business earned $0.10 earnings per share. The business’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, analysts expect that BILL Holdings, Inc. will post -0.58 EPS for the current fiscal year.

About BILL

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.