Stanley Laman Group Ltd. Acquires New Holdings in BILL Holdings, Inc. (NYSE:BILL)

Stanley Laman Group Ltd. acquired a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 99,149 shares of the company’s stock, valued at approximately $8,090,000. BILL accounts for approximately 1.2% of Stanley Laman Group Ltd.’s holdings, making the stock its 16th biggest holding. Stanley Laman Group Ltd. owned approximately 0.09% of BILL as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Sands Capital Management LLC acquired a new stake in BILL in the third quarter valued at approximately $136,000. Signaturefd LLC boosted its stake in BILL by 13.7% in the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock valued at $141,000 after acquiring an additional 157 shares in the last quarter. EMC Capital Management acquired a new stake in BILL in the fourth quarter valued at approximately $163,000. AtonRa Partners acquired a new stake in BILL in the third quarter valued at approximately $201,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in BILL by 11.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company’s stock valued at $209,000 after acquiring an additional 193 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Price Performance

Shares of BILL stock traded down $0.91 on Thursday, reaching $60.50. 935,810 shares of the company were exchanged, compared to its average volume of 2,141,496. The company has a market cap of $6.36 billion, a price-to-earnings ratio of -56.02, a P/E/G ratio of 82.45 and a beta of 1.66. The business has a 50-day moving average price of $64.28 and a 200 day moving average price of $73.09. 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 Holdings, Inc. has a 1 year low of $51.94 and a 1 year high of $139.50.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.26. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. The company had revenue of $318.50 million for the quarter, compared to analyst estimates of $296.62 million. Equities research analysts forecast that BILL Holdings, Inc. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BILL shares. Oppenheimer lifted their price objective on shares of BILL from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Piper Sandler decreased their target price on shares of BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, February 9th. BNP Paribas upgraded shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 target price for the company in a research report on Wednesday, March 13th. Finally, Robert W. Baird decreased their target price on shares of BILL from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.57.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 920 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total value of $60,112.80. Following the sale, the senior vice president now directly owns 5,093 shares of the company’s stock, valued at approximately $332,776.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.80% of the stock is owned by insiders.

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.