Asset Management One Co. Ltd. Purchases 1,306 Shares of BILL Holdings, Inc. (NYSE:BILL)

Asset Management One Co. Ltd. increased its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 145.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,203 shares of the company’s stock after purchasing an additional 1,306 shares during the quarter. Asset Management One Co. Ltd.’s holdings in BILL were worth $101,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BILL. Oppenheimer Asset Management Inc. grew its stake in shares of BILL by 120.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,911 shares of the company’s stock valued at $271,000 after buying an additional 3,232 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of BILL by 66.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,878 shares of the company’s stock worth $270,000 after buying an additional 2,336 shares during the last quarter. Shepherd Financial Partners LLC boosted its position in shares of BILL by 2.7% in the 1st quarter. Shepherd Financial Partners LLC now owns 17,367 shares of the company’s stock valued at $797,000 after purchasing an additional 450 shares during the period. Fifth Third Bancorp grew its position in BILL by 134.1% during the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company’s stock worth $34,000 after purchasing an additional 429 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in BILL by 303.9% in the 1st quarter. GAMMA Investing LLC now owns 1,236 shares of the company’s stock valued at $57,000 after acquiring an additional 930 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BILL

In related news, insider Rajesh A. Aji sold 1,780 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the sale, the insider owned 9,298 shares of the company’s stock, valued at $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Germaine Cota sold 1,718 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $42.55, for a total transaction of $73,100.90. Following the transaction, the senior vice president owned 9,512 shares of the company’s stock, valued at approximately $404,735.60. This represents a 15.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on BILL shares. Citigroup decreased their target price on BILL from $88.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods lowered their target price on BILL from $77.00 to $54.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. Robert W. Baird decreased their target price on BILL from $82.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Piper Sandler cut their target price on BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Finally, KeyCorp reduced their price objective on shares of BILL from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, BILL has an average rating of “Moderate Buy” and an average target price of $62.75.

BILL Trading Down 0.4%

NYSE:BILL opened at $46.06 on Wednesday. The business’s 50-day simple moving average is $44.98 and its 200 day simple moving average is $58.30. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of -383.76, a price-to-earnings-growth ratio of 11.05 and a beta of 1.35. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

BILL (NYSE:BILL) last announced its earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. BILL had a net margin of 2.70% and a return on equity of 1.21%. The company had revenue of $358.22 million during the quarter, compared to analysts’ expectations of $355.85 million. During the same period last year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, sell-side analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL Profile

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.