UMB Bank n.a. Purchases New Position in BILL Holdings, Inc. (NYSE:BILL)

UMB Bank n.a. acquired a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 414 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BILL. Abdiel Capital Advisors LP lifted its holdings in shares of BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after purchasing an additional 1,666,316 shares in the last quarter. Two Sigma Advisers LP boosted its stake in BILL by 87.0% in the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock worth $36,447,000 after purchasing an additional 321,400 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of BILL by 297.7% in the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after purchasing an additional 284,935 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after buying an additional 279,256 shares during the period. Finally, Clearline Capital LP raised its position in BILL by 201.6% in the 2nd quarter. Clearline Capital LP now owns 344,751 shares of the company’s stock valued at $18,141,000 after buying an additional 230,435 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Insider Buying and Selling at BILL

In related news, SVP Germaine Cota sold 1,525 shares of the stock in a transaction on 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 $417,090.52. This trade represents a 22.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

BILL has been the topic of a number of research reports. Oppenheimer boosted their price objective on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Susquehanna raised their price objective on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Piper Sandler upped their target price on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Wells Fargo & Company raised their price target on BILL from $55.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group raised BILL from a “neutral” rating to a “buy” rating and increased their price objective for the company from $96.00 to $104.00 in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, BILL currently has an average rating of “Moderate Buy” and an average price target of $85.00.

BILL Price Performance

Shares of NYSE BILL opened at $93.88 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $9.72 billion, a PE ratio of -284.48, a P/E/G ratio of 89.33 and a beta of 1.72. The firm has a fifty day simple moving average of $88.35 and a 200 day simple moving average of $66.64. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $97.86.

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.