27,313 Shares in BILL Holdings, Inc. (NYSE:BILL) Acquired by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,313 shares of the company’s stock, valued at approximately $1,437,000.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in shares of BILL during the 4th quarter worth $35,000. Advisors Asset Management Inc. lifted its holdings in shares of BILL by 75.0% during 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 last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of BILL by 57.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after purchasing an additional 295 shares during the period. Versant Capital Management Inc purchased a new position in BILL in the 2nd quarter worth about $46,000. Finally, Garner Asset Management Corp acquired a new stake in BILL during the 4th quarter worth about $90,000. 97.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BILL has been the topic of several analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. Keefe, Bruyette & Woods cut their target price on shares of BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, August 23rd. Robert W. Baird reduced their target price on BILL from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Piper Sandler lifted their price target on BILL from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, The Goldman Sachs Group lowered BILL from a “buy” rating to a “neutral” rating and dropped their price target for the company from $86.00 to $54.00 in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $70.24.

Insider Buying and Selling

In other news, CEO Rene A. Lacerte bought 42,248 shares of the 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 purchase, the chief executive officer now owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BILL news, CEO Rene A. Lacerte bought 42,248 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $49.60 per share, for a total transaction of $2,095,500.80. Following the purchase, the chief executive officer now directly owns 184,249 shares in the company, valued at $9,138,750.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Jacobs bought 5,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of $53.16 per share, for a total transaction of $265,800.00. Following the acquisition, the director now directly owns 9,559 shares in the company, valued at $508,156.44. The disclosure for this purchase can be found here. In the last three months, insiders bought 68,372 shares of company stock valued at $3,404,826. Company insiders own 3.80% of the company’s stock.

BILL Trading Down 3.0 %

Shares of NYSE:BILL opened at $52.63 on Tuesday. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $118.69. The firm has a fifty day moving average price of $51.29 and a 200 day moving average price of $55.48. 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 has a market capitalization of $5.59 billion, a PE ratio of -66.62 and a beta of 1.61.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. Analysts expect that BILL Holdings, Inc. will post -0.58 EPS 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.