Venturi Wealth Management LLC Acquires 1,020 Shares of BILL Holdings, Inc. (NYSE:BILL)

Venturi Wealth Management LLC lifted its holdings in BILL Holdings, Inc. (NYSE:BILL) by 377.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,290 shares of the company’s stock after acquiring an additional 1,020 shares during the period. Venturi Wealth Management LLC’s holdings in BILL were worth $68,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BILL. Vanguard Group Inc. lifted its stake in shares of BILL by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock valued at $685,573,000 after purchasing an additional 94,786 shares during the last quarter. Abdiel Capital Advisors LP raised its holdings in BILL by 46.4% during the 2nd quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company’s stock valued at $181,793,000 after buying an additional 1,095,396 shares during the period. Dimensional Fund Advisors LP lifted its position in BILL by 70.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after buying an additional 575,084 shares during the last quarter. Kodai Capital Management LP purchased a new position in BILL during the first quarter worth $59,341,000. Finally, Marshall Wace LLP increased its position in BILL by 13.9% during the second quarter. Marshall Wace LLP now owns 635,937 shares of the company’s stock valued at $33,463,000 after acquiring an additional 77,508 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Insider Buying and Selling at BILL

In other BILL news, SVP Germaine Cota sold 803 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $54.75, for a total value of $43,964.25. Following the completion of the transaction, the senior vice president now directly owns 6,861 shares of the company’s stock, valued at approximately $375,639.75. The trade was a 10.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rene A. Lacerte acquired 42,248 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the purchase, the chief executive officer now directly owns 184,249 shares in the company, valued at approximately $9,138,750.40. This trade represents a 29.75 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 68,372 shares of company stock worth $3,404,826 and sold 6,112 shares worth $398,910. Company insiders own 4.20% of the company’s stock.

BILL Trading Down 3.7 %

Shares of NYSE:BILL opened at $86.38 on Friday. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $91.19. The business has a 50-day moving average price of $57.51 and a 200-day moving average price of $54.14. The company has a quick ratio of 1.55, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of -261.76 and a beta of 1.59.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BILL shares. BMO Capital Markets lowered their price objective on shares of BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research report on Monday, August 26th. Canaccord Genuity Group reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, August 23rd. Keefe, Bruyette & Woods reduced their price objective on BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, August 23rd. Wolfe Research cut BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st. Finally, Susquehanna restated a “positive” rating and issued a $100.00 price objective on shares of BILL in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.65.

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.