BILL Holdings, Inc. (NYSE:BILL) Stake Reduced by AtonRa Partners

AtonRa Partners decreased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 24.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,393 shares of the company’s stock after selling 457 shares during the period. AtonRa Partners’ holdings in BILL were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Sands Capital Management LLC bought a new stake in BILL during the third quarter worth approximately $136,000. Signaturefd LLC increased its holdings in shares of BILL by 13.7% in the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock valued at $141,000 after buying an additional 157 shares in the last quarter. EMC Capital Management acquired a new stake in shares of BILL during the 4th quarter valued at $163,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of BILL by 11.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company’s stock worth $209,000 after acquiring an additional 193 shares in the last quarter. Finally, Crestone Asset Management LLC acquired a new position in shares of BILL in the 3rd quarter worth $216,000. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Performance

BILL stock traded up $0.68 during mid-day trading on Tuesday, hitting $63.70. The stock had a trading volume of 340,938 shares, compared to its average volume of 2,094,557. The company has a fifty day moving average of $64.25 and a 200 day moving average of $71.79. BILL Holdings, Inc. has a 1-year low of $51.94 and a 1-year high of $139.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. The company had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. As a group, sell-side analysts expect that BILL Holdings, Inc. will post 0.03 EPS for the current fiscal year.

Analyst Ratings Changes

BILL has been the subject of several analyst reports. Oppenheimer upped their target price on BILL from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $60.00 price objective (down from $70.00) on shares of BILL in a research note on Monday, April 1st. Piper Sandler decreased their target price on shares of BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, April 12th. JPMorgan Chase & Co. cut their price target on shares of BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Finally, BNP Paribas upgraded shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target for the company in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $101.57.

Insider Activity

In related news, SVP Germaine Cota sold 920 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the sale, the senior vice president now owns 5,093 shares in the company, valued at approximately $332,776.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.80% of the stock is currently owned by company insiders.

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.