Norden Group LLC Has $385,000 Holdings in BILL Holdings, Inc. (NYSE:BILL)

Norden Group LLC cut its position in BILL Holdings, Inc. (NYSE:BILL) by 20.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,715 shares of the company’s stock after selling 1,199 shares during the quarter. Norden Group LLC’s holdings in BILL were worth $385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sands Capital Management LLC acquired a new position in BILL in the third quarter valued at about $136,000. Signaturefd LLC lifted its position in shares of BILL by 13.7% during the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock worth $141,000 after purchasing an additional 157 shares in the last quarter. AtonRa Partners acquired a new position in shares of BILL during the third quarter worth approximately $201,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of BILL by 11.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company’s stock worth $209,000 after purchasing an additional 193 shares in the last quarter. Finally, Crestone Asset Management LLC acquired a new position in shares of BILL during the third quarter worth approximately $216,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BILL

In other news, SVP Germaine Cota sold 920 shares of BILL stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the transaction, the senior vice president now owns 5,093 shares of the company’s stock, valued at approximately $332,776.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BILL shares. JPMorgan Chase & Co. reduced their target price on shares of BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Citigroup upped their target price on shares of BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. BNP Paribas raised shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target for the company in a research note on Wednesday, March 13th. Jefferies Financial Group dropped their price target on shares of BILL from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Monday. Finally, Oppenheimer boosted their price target on shares of BILL from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.57.

BILL Stock Performance

BILL stock opened at $62.38 on Wednesday. BILL Holdings, Inc. has a 1-year low of $51.94 and a 1-year high of $139.50. The company has a fifty day simple moving average of $64.23 and a 200 day simple moving average of $71.45. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43.

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