BILL Holdings, Inc. (NYSE:BILL) Stock Position Increased by Versant Capital Management Inc

Versant Capital Management Inc boosted its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 26.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,615 shares of the company’s stock after buying an additional 340 shares during the quarter. Versant Capital Management Inc’s holdings in BILL were worth $137,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BILL. Covestor Ltd raised its position in shares of BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after purchasing an additional 249 shares during the period. Advisors Asset Management Inc. lifted its stake in BILL by 30.8% during the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after buying an additional 259 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of BILL by 7.1% in the third quarter. HighTower Advisors LLC now owns 7,784 shares of the company’s stock worth $411,000 after buying an additional 513 shares during the period. Brooklyn Investment Group purchased a new position in shares of BILL in the third quarter worth approximately $28,000. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of BILL by 1.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 39,855 shares of the company’s stock valued at $2,103,000 after acquiring an additional 658 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BILL

In other news, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the transaction, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the sale, the director now owns 1,038 shares of the company’s stock, valued at approximately $59,685. The trade was a 33.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,823 shares of company stock worth $218,887. 4.20% of the stock is owned by insiders.

BILL Stock Up 5.0 %

BILL opened at $88.24 on Friday. The firm has a market cap of $9.13 billion, a P/E ratio of -267.39 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The business has a 50 day moving average price of $82.57 and a 200 day moving average price of $62.56. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $97.86.

Wall Street Analyst Weigh In

Several analysts have issued reports on BILL shares. Keefe, Bruyette & Woods boosted their target price on shares of BILL from $75.00 to $100.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Oppenheimer raised their price objective on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley upped their target price on BILL from $58.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, November 26th. The Goldman Sachs Group increased their price target on shares of BILL from $77.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Finally, KeyCorp upgraded shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective on the stock in a research note on Wednesday, December 18th. One research 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’s stock. According to data from MarketBeat.com, BILL presently has a consensus rating of “Hold” and an average target price of $83.79.

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.