11,167 Shares in BILL Holdings, Inc. (NYSE:BILL) Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. bought a new position in BILL Holdings, Inc. (NYSE:BILL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,167 shares of the company’s stock, valued at approximately $587,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in BILL by 5.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,440 shares of the company’s stock worth $281,000 after purchasing an additional 170 shares in the last quarter. Advisory Services Network LLC boosted its position in BILL by 8.4% during the fourth quarter. Advisory Services Network LLC now owns 2,640 shares of the company’s stock worth $215,000 after purchasing an additional 205 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in BILL by 4.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after purchasing an additional 257 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after purchasing an additional 282 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after buying an additional 295 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird lowered their target price on shares of BILL from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, August 23rd. Evercore ISI decreased their target price on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research note on Friday, August 23rd. Susquehanna reaffirmed a “positive” rating and issued a $100.00 price target on shares of BILL in a research report on Monday, August 19th. Finally, Oppenheimer reduced their price objective on BILL from $95.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $70.24.

Insider Transactions at BILL

In other BILL news, CEO Rene A. Lacerte purchased 42,248 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the transaction, the chief executive officer now directly owns 184,249 shares in the company, valued at $9,138,750.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other BILL news, SVP Germaine Cota sold 803 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the completion of the transaction, the senior vice president now directly owns 6,861 shares of the company’s stock, valued at $375,639.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rene A. Lacerte purchased 42,248 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were bought at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the purchase, the chief executive officer now directly owns 184,249 shares of the company’s stock, valued at $9,138,750.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 68,372 shares of company stock valued at $3,404,826. Corporate insiders own 3.80% of the company’s stock.

BILL Stock Up 0.1 %

NYSE BILL opened at $51.91 on Friday. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $118.69. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $51.18 and its two-hundred day moving average is $56.03. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of -65.71 and a beta of 1.61.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The firm had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. During the same period in the prior year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities analysts forecast that BILL Holdings, Inc. will post -0.58 earnings per share for the current fiscal year.

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.