BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 4.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,274 shares of the company’s stock after selling 2,023 shares during the period. Mutual of America Capital Management LLC’s holdings in BILL were worth $2,215,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BILL. Groupama Asset Managment grew its stake in BILL by 162.8% in the 4th 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 last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $1,091,019,000 after buying an additional 1,241,432 shares during the last quarter. Norges Bank acquired a new position in BILL in the fourth quarter worth $99,906,000. Invesco Ltd. boosted its holdings in BILL by 828.1% in the fourth quarter. Invesco Ltd. now owns 1,301,720 shares of the company’s stock worth $110,269,000 after purchasing an additional 1,161,457 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of BILL by 112.6% during 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. Institutional investors and hedge funds own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BILL shares. Robert W. Baird dropped their price target on shares of BILL from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday. BTIG Research started coverage on BILL in a report on Wednesday, April 30th. They issued a “buy” rating and a $60.00 target price on the stock. KeyCorp decreased their price target on shares of BILL from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Mizuho dropped their price objective on BILL from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, May 12th. Finally, The Goldman Sachs Group dropped their price objective on BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.10.

BILL Stock Down 3.3%

Shares of BILL stock opened at $45.86 on Friday. The business’s 50 day simple moving average is $45.35 and its 200 day simple moving average is $54.67. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19. The firm has a market cap of $4.72 billion, a PE ratio of -382.13, a P/E/G ratio of 9.71 and a beta of 1.35. 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 posted its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. The firm had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. BILL had a return on equity of 1.21% and a net margin of 2.70%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. On average, analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity at BILL

In related news, SVP Germaine Cota sold 1,718 shares of the business’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the sale, the senior vice president directly owned 9,512 shares in the company, valued at $404,735.60. The trade was a 15.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Rajesh A. Aji sold 1,780 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

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.