American Century Companies Inc. Purchases 709 Shares of BILL Holdings, Inc. (NYSE:BILL)

American Century Companies Inc. boosted its position in BILL Holdings, Inc. (NYSE:BILL) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 171,273 shares of the company’s stock after acquiring an additional 709 shares during the period. American Century Companies Inc. owned 0.16% of BILL worth $9,012,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in BILL in the fourth quarter valued at about $35,000. Advisors Asset Management Inc. raised its position in shares of BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc acquired a new stake in shares of BILL during the second quarter worth about $46,000. Benjamin F. Edwards & Company Inc. raised its position in shares of BILL by 57.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after purchasing an additional 295 shares during the period. Finally, Garner Asset Management Corp acquired a new stake in shares of BILL during the fourth quarter worth about $90,000. Institutional investors own 97.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BILL shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Friday, August 23rd. Mizuho dropped their price target on BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. Wolfe Research lowered BILL from an “outperform” rating to a “peer perform” rating in a research report on Thursday, August 1st. The Goldman Sachs Group downgraded BILL from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $86.00 to $54.00 in a report on Friday, August 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $70.24.

BILL Stock Performance

BILL opened at $54.26 on Monday. The business has a fifty day simple moving average of $51.32 and a 200 day simple moving average of $55.57. The company has a market capitalization of $5.76 billion, a PE ratio of -68.68 and a beta of 1.61. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $118.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55.

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

Insider Transactions at BILL

In related news, SVP Germaine Cota sold 803 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total transaction of $43,964.25. Following the transaction, the senior vice president now owns 6,861 shares in the company, valued at approximately $375,639.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Rene A. Lacerte bought 42,248 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average price 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 of the company’s stock, valued at $9,138,750.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Germaine Cota sold 803 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total transaction of $43,964.25. Following the sale, the senior vice president now owns 6,861 shares of the company’s stock, valued at approximately $375,639.75. The disclosure for this sale can be found here. Insiders purchased a total of 68,372 shares of company stock valued at $3,404,826 in the last quarter. 3.80% of the stock is currently owned by company insiders.

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.