BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 37.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the company’s stock after selling 714 shares during the quarter. Blue Trust Inc.’s holdings in BILL were worth $102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares in the last quarter. Fifth Third Bancorp purchased a new position in BILL in the fourth quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in shares of BILL during the third quarter worth about $28,000. UMB Bank n.a. purchased a new stake in shares of BILL in the fourth quarter worth about $35,000. Finally, Advisors Asset Management Inc. grew its stake in shares of BILL by 30.8% in 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. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Price Performance

NYSE BILL opened at $96.43 on Friday. The firm has a market cap of $9.98 billion, a P/E ratio of -292.20, a price-to-earnings-growth ratio of 164.86 and a beta of 1.76. The stock’s 50-day moving average is $89.37 and its two-hundred day moving average is $69.15. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $100.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 0.59% and a return on equity of 1.54%. On average, analysts anticipate that BILL Holdings, Inc. will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BILL shares. Robert W. Baird raised their price target on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Thursday, January 16th. KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target on the stock in a research note on Wednesday, December 18th. Piper Sandler raised their price objective on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company lifted their price objective on BILL from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Insider Buying and Selling at BILL

In related news, 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 transaction, the director now directly owns 259 shares in the company, valued at $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.20% of the company’s stock.

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.