BILL Holdings, Inc. (NYSE:BILL) Director Sells $70,110.00 in Stock

BILL Holdings, Inc. (NYSE:BILL) Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. This represents a 75.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alison Wagonfeld also recently made the following trade(s):

• On Monday, October 21st, Alison Wagonfeld sold 519 shares of BILL stock. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50.

BILL Trading Down 2.0 %

Shares of BILL stock opened at $84.69 on Friday. The business has a fifty day simple moving average of $58.71 and a 200-day simple moving average of $54.46. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $91.19. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of -256.64 and a beta of 1.59. The company has a quick ratio of 1.55, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. BILL had a net margin of 0.59% and a return on equity of 1.54%. The company had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. During the same period in the prior year, the company earned $0.10 EPS. BILL’s revenue was up 16.1% on a year-over-year basis. On average, equities analysts forecast that BILL Holdings, Inc. will post -0.57 EPS for the current fiscal year.

Institutional Trading of BILL

A number of large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP lifted its position in shares of BILL by 216.0% during the 1st quarter. Quantbot Technologies LP now owns 8,056 shares of the company’s stock valued at $554,000 after acquiring an additional 5,507 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of BILL in the 1st quarter valued at $304,000. Illinois Municipal Retirement Fund purchased a new position in BILL in the 1st quarter worth about $804,000. State Board of Administration of Florida Retirement System raised its holdings in BILL by 7.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 124,991 shares of the company’s stock worth $8,589,000 after buying an additional 8,839 shares during the period. Finally, Intech Investment Management LLC lifted its stake in BILL by 250.6% during the first quarter. Intech Investment Management LLC now owns 30,276 shares of the company’s stock valued at $2,081,000 after buying an additional 21,640 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors.

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 $60.00 to $45.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Wolfe Research downgraded BILL from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 1st. Evercore ISI cut their target price on BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a research note on Friday, August 23rd. Robert W. Baird boosted their price target on shares of BILL from $62.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, BILL presently has a consensus rating of “Hold” and a consensus target price of $74.65.

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.