BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 3.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,769 shares of the company’s stock after selling 230 shares during the period. Amalgamated Bank’s holdings in BILL were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. increased its stake in BILL by 75.0% during the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after buying an additional 282 shares during the period. Versant Capital Management Inc acquired a new stake in shares of BILL during the second quarter valued at about $46,000. UniSuper Management Pty Ltd increased its position in shares of BILL by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after acquiring an additional 700 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of BILL by 1,167.5% in the third quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock worth $101,000 after acquiring an additional 1,763 shares in the last quarter. 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 purchasing an additional 1,551 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BILL

In related news, Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the sale, the director now owns 1,038 shares of the company’s stock, valued at $59,685. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 bought at an average price of $49.60 per share, with a total value of $2,095,500.80. Following the transaction, the chief executive officer now directly owns 184,249 shares in the company, valued at $9,138,750.40. This represents a 29.75 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 68,372 shares of company stock worth $3,404,826 and have sold 6,112 shares worth $398,910. 4.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

BILL has been the topic of several analyst reports. The Goldman Sachs Group lifted their price objective on BILL from $60.00 to $77.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Oppenheimer upped their price target on shares of BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company reduced their price objective on shares of BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th. Susquehanna reissued a “positive” rating and issued a $100.00 target price on shares of BILL in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.65.

BILL Trading Down 2.0 %

NYSE:BILL opened at $84.69 on Monday. The firm has a market capitalization of $8.77 billion, a P/E ratio of -256.64 and a beta of 1.59. The business has a 50 day simple moving average of $58.71 and a 200 day simple moving average of $54.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.55. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $91.19.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.11. BILL had a net margin of 0.59% and a return on equity of 1.54%. The company had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’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 -0.18 EPS for the current year.

BILL 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.