Germaine Cota Sells 1,525 Shares of BILL Holdings, Inc. (NYSE:BILL) Stock

BILL Holdings, Inc. (NYSE:BILL) SVP Germaine Cota sold 1,525 shares of the 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 owns 5,348 shares in the company, valued at $417,090.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Germaine Cota also recently made the following trade(s):

• On Friday, August 30th, Germaine Cota sold 803 shares of BILL stock. The stock was sold at an average price of $54.75, for a total transaction of $43,964.25.

BILL Stock Performance

BILL stock opened at $89.70 on Thursday. 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. The company has a fifty day moving average price of $56.81 and a two-hundred day moving average price of $53.89. The company has a market cap of $9.28 billion, a PE ratio of -271.82 and a beta of 1.59.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, topping 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 firm had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. BILL’s quarterly revenue was up 16.1% on a year-over-year basis. Research analysts expect that BILL Holdings, Inc. will post -0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BILL. The Goldman Sachs Group lifted their price target on shares of BILL from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday. Evercore ISI lowered their price target on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research report on Friday, August 23rd. Wells Fargo & Company cut their price objective on BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. Robert W. Baird increased their target price on shares of BILL from $62.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Oppenheimer lifted their price target on shares of BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BILL. Quantbot Technologies LP boosted its holdings in shares of BILL by 216.0% during the first quarter. Quantbot Technologies LP now owns 8,056 shares of the company’s stock valued at $554,000 after acquiring an additional 5,507 shares during the period. SG Americas Securities LLC bought a new stake in shares of BILL during the first quarter valued at approximately $304,000. Illinois Municipal Retirement Fund acquired a new position in shares of BILL during the first quarter worth approximately $804,000. State Board of Administration of Florida Retirement System grew its holdings in BILL by 7.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 124,991 shares of the company’s stock worth $8,589,000 after buying an additional 8,839 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in BILL by 250.6% in the 1st quarter. Intech Investment Management LLC now owns 30,276 shares of the company’s stock valued at $2,081,000 after acquiring an additional 21,640 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.