BILL Holdings, Inc. (NYSE:BILL) Stock Holdings Trimmed by Amalgamated Bank

Amalgamated Bank reduced its position in BILL Holdings, Inc. (NYSE:BILL) by 5.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,702 shares of the company’s stock after selling 2,333 shares during the quarter. Amalgamated Bank’s holdings in BILL were worth $2,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Groupama Asset Managment boosted its stake in BILL by 162.8% in the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock valued at $478,611,000 after acquiring an additional 3,500,000 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in BILL by 10.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company’s stock valued at $1,091,019,000 after acquiring an additional 1,241,432 shares during the period. Norges Bank acquired a new position in BILL in the fourth quarter valued at approximately $99,906,000. Invesco Ltd. boosted its stake in BILL by 828.1% in the fourth quarter. Invesco Ltd. now owns 1,301,720 shares of the company’s stock valued at $110,269,000 after acquiring an additional 1,161,457 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in BILL by 112.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company’s stock valued at $136,421,000 after acquiring an additional 852,863 shares during the period. 97.99% of the stock is owned by institutional investors.

BILL Price Performance

Shares of NYSE:BILL opened at $48.11 on Monday. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of -400.88, a PEG ratio of 10.26 and a beta of 1.35. The stock’s 50 day moving average price is $45.18 and its 200 day moving average price is $57.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. BILL had a return on equity of 1.21% and a net margin of 2.70%. The company had revenue of $358.22 million during the quarter, compared to the consensus estimate of $355.85 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities research analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Rajesh A. Aji sold 1,780 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the sale, the insider owned 9,298 shares in the company, valued at approximately $420,734.50. This represents a 16.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Germaine Cota sold 1,718 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $42.55, for a total value of $73,100.90. Following the sale, the senior vice president owned 9,512 shares of the company’s stock, valued at $404,735.60. This trade represents a 15.30% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BILL has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on BILL from $43.00 to $40.00 and set an “underweight” rating for the company in a research note on Friday, May 9th. Piper Sandler reduced their price objective on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Canaccord Genuity Group reduced their price objective on BILL from $105.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Citigroup reduced their price objective on BILL from $88.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Finally, Morgan Stanley downgraded BILL from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $60.00 to $55.00 in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, BILL has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

BILL Company 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.