3,120 Shares in BILL Holdings, Inc. (NYSE:BILL) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,120 shares of the company’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abdiel Capital Advisors LP lifted its position 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 worth $270,191,000 after buying an additional 1,666,316 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of BILL by 70.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after acquiring an additional 575,084 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of BILL by 87.0% in the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after purchasing an additional 321,400 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of BILL by 297.7% during the 3rd 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after purchasing an additional 279,256 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This represents a 22.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alison Wagonfeld sold 519 shares of the firm’s 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 completion of the sale, the director now directly owns 1,038 shares of the company’s stock, valued at $59,685. This trade represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,823 shares of company stock valued at $218,887 over the last ninety days. 4.20% of the stock is owned by corporate insiders.

BILL Price Performance

BILL stock opened at $83.75 on Wednesday. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of -253.79 and a beta of 1.72. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $97.86. 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 stock’s 50 day moving average price is $84.39 and its two-hundred day moving average price is $63.59.

Analyst Ratings Changes

A number of analysts have weighed in on BILL shares. Keefe, Bruyette & Woods decreased their target price on shares of BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday. Piper Sandler increased their target price on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Mizuho boosted their price target on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Oppenheimer raised their price objective on shares of BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $83.53.

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.