BILL Holdings, Inc. (NYSE:BILL) Short Interest Update

BILL Holdings, Inc. (NYSE:BILL) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 3,600,000 shares, a decline of 5.3% from the September 15th total of 3,800,000 shares. Based on an average trading volume of 1,820,000 shares, the short-interest ratio is currently 2.0 days.

BILL Trading Up 1.9 %

NYSE BILL opened at $57.77 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $52.73 and its two-hundred day simple moving average is $53.95. BILL has a twelve month low of $43.11 and a twelve month high of $107.08. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of -73.13 and a beta of 1.61.

BILL (NYSE:BILL) last announced its quarterly earnings data 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. The company had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. BILL’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. Research analysts forecast that BILL will post -0.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Rajesh A. Aji sold 2,486 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $54.73, for a total transaction of $136,058.78. Following the transaction, the insider now directly owns 7,812 shares of the company’s stock, valued at $427,550.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Rajesh A. Aji sold 2,486 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $54.73, for a total transaction of $136,058.78. Following the completion of the sale, the insider now directly owns 7,812 shares of the company’s stock, valued at approximately $427,550.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rene A. Lacerte acquired 42,248 shares of the business’s stock in a transaction on Monday, August 26th. The stock was 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 owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 68,372 shares of company stock worth $3,404,826 in the last quarter. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its holdings in BILL by 75.0% in the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after acquiring an additional 282 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in BILL by 57.2% during 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 last quarter. Versant Capital Management Inc bought a new position in BILL during the 2nd quarter valued at approximately $46,000. UniSuper Management Pty Ltd lifted its holdings in BILL by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after buying an additional 700 shares during the period. Finally, Covestor Ltd boosted its holdings in BILL by 1,742.7% in the first quarter. Covestor Ltd now owns 1,640 shares of the company’s stock valued at $113,000 after acquiring an additional 1,551 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BILL. Oppenheimer lowered their target price on BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. cut their target price on shares of BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. UBS Group lowered their price target on shares of BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Evercore ISI cut their price objective on shares of BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a report on Friday, August 23rd. Finally, Piper Sandler boosted their target price on shares of BILL from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $70.71.

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.