Rajesh A. Aji Sells 1,780 Shares of BILL Holdings, Inc. (NYSE:BILL) Stock

BILL Holdings, Inc. (NYSE:BILL) insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the transaction, the insider now owns 9,298 shares of the company’s stock, valued at $420,734.50. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BILL Trading Up 0.7%

BILL stock opened at $45.62 on Friday. The company has a market cap of $4.70 billion, a price-to-earnings ratio of -380.11, a PEG ratio of 11.40 and a beta of 1.36. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $44.75 and a 200-day simple moving average of $59.10. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. BILL had a net margin of 2.70% and a return on equity of 1.21%. The firm had revenue of $358.22 million during the quarter, compared to analysts’ expectations of $355.85 million. During the same period in the prior year, the company earned $0.60 EPS. The firm’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BILL. Seaport Res Ptn downgraded BILL from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 17th. Robert W. Baird cut their price target on BILL from $82.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, April 4th. Mizuho cut their price target on BILL from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, May 12th. Canaccord Genuity Group cut their price target on BILL from $105.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods cut their price target on BILL from $77.00 to $54.00 and set a “market perform” rating for the company in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, BILL presently has an average rating of “Moderate Buy” and a consensus price target of $62.75.

Institutional Trading of BILL

A number of institutional investors have recently added to or reduced their stakes in BILL. CoreCap Advisors LLC purchased a new stake in BILL during the 4th quarter worth $30,000. Global Retirement Partners LLC boosted its position in BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after buying an additional 377 shares during the last quarter. Coppell Advisory Solutions LLC boosted its position in BILL by 202.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock valued at $32,000 after buying an additional 247 shares during the last quarter. GeoWealth Management LLC purchased a new position in BILL in the 4th quarter valued at about $32,000. Finally, Fifth Third Bancorp boosted its position in BILL by 134.1% in the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company’s stock valued at $34,000 after buying an additional 429 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

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.