Federated Hermes Inc. Boosts Holdings in BILL Holdings, Inc. (NYSE:BILL)

Federated Hermes Inc. lifted its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 113.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,108 shares of the company’s stock after acquiring an additional 1,651 shares during the period. Federated Hermes Inc.’s holdings in BILL were worth $164,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Gilbert & Cook Inc. increased its position in BILL by 8.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,524 shares of the company’s stock worth $451,000 after purchasing an additional 429 shares in the last quarter. Dimensional Fund Advisors LP raised its position in BILL by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 508,364 shares of the company’s stock valued at $41,484,000 after purchasing an additional 36,233 shares during the period. Corient Private Wealth LLC raised its position in BILL by 175.5% in the fourth quarter. Corient Private Wealth LLC now owns 6,983 shares of the company’s stock valued at $570,000 after purchasing an additional 4,448 shares during the period. Quest Partners LLC acquired a new position in shares of BILL during the fourth quarter worth about $35,000. Finally, Advisory Services Network LLC boosted its position in shares of BILL by 8.4% in the fourth quarter. Advisory Services Network LLC now owns 2,640 shares of the company’s stock worth $215,000 after buying an additional 205 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on BILL. Wolfe Research lowered BILL from an “outperform” rating to a “peer perform” rating in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. The Goldman Sachs Group lowered BILL from a “buy” rating to a “neutral” rating and cut their target price for the company from $86.00 to $54.00 in a research report on Friday, August 23rd. Canaccord Genuity Group reissued a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Friday, August 23rd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $100.00 price target on shares of BILL in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, BILL presently has a consensus rating of “Hold” and an average price target of $70.24.

BILL Trading Up 0.5 %

NYSE:BILL opened at $52.89 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $5.61 billion, a P/E ratio of -66.95 and a beta of 1.61. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $118.69. The business has a 50 day simple moving average of $51.29 and a 200 day simple moving average of $55.48.

BILL (NYSE:BILL) last released 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 positive return on equity of 1.13% and a negative net margin of 2.24%. The company had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. During the same quarter in the previous 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 research analysts predict that BILL Holdings, Inc. will post -0.58 EPS for the current year.

Insider Activity at BILL

In other news, SVP Germaine Cota sold 803 shares of the stock in a transaction that occurred on 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 in the company, valued at $375,639.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other BILL news, CEO Rene A. Lacerte purchased 42,248 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were purchased at an average price of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the transaction, the chief executive officer now owns 184,249 shares in the company, valued at approximately $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 company’s stock in a transaction on 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 in the company, valued at approximately $375,639.75. The disclosure for this sale can be found here. Insiders have purchased a total of 68,372 shares of company stock worth $3,404,826 over the last ninety days. 3.80% of the stock is currently owned by corporate 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.