BILL Holdings, Inc. $BILL Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 19.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,711 shares of the company’s stock after selling 1,138 shares during the quarter. Maryland State Retirement & Pension System’s holdings in BILL were worth $216,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of BILL by 10.7% during the 4th 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. Massachusetts Financial Services Co. MA acquired a new position in BILL during the first quarter worth about $32,460,000. Fuller & Thaler Asset Management Inc. acquired a new position in BILL during the fourth quarter worth about $55,743,000. Frontier Capital Management Co. LLC lifted its holdings in shares of BILL by 86.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,145,931 shares of the company’s stock valued at $97,072,000 after purchasing an additional 532,726 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of BILL by 61.0% in the fourth quarter. Two Sigma Advisers LP now owns 1,112,500 shares of the company’s stock valued at $94,240,000 after purchasing an additional 421,700 shares during the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BILL shares. KeyCorp reduced their price target on BILL from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. BTIG Research assumed coverage on shares of BILL in a report on Wednesday, April 30th. They set a “buy” rating and a $60.00 price objective on the stock. Citigroup lowered their target price on shares of BILL from $88.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, May 22nd. UBS Group increased their price target on shares of BILL from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, Oppenheimer boosted their price objective on shares of BILL from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.20.

Insider Activity at BILL

In other BILL news, SVP Germaine Cota sold 1,718 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president owned 9,512 shares in the company, valued at $404,735.60. This represents a 15.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the sale, the insider owned 9,298 shares in the company, valued at $420,734.50. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

BILL Trading Down 0.9%

Shares of BILL opened at $41.2830 on Wednesday. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The stock’s 50-day moving average is $44.17 and its two-hundred day moving average is $47.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $4.25 billion, a PE ratio of -344.00, a P/E/G ratio of 9.21 and a beta of 1.35.

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.