BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in BILL Holdings, Inc. (NYSE:BILL) by 3.8% in the third quarter, Holdings Channel.com reports. The fund owned 5,769 shares of the company’s stock after selling 230 shares during the period. Amalgamated Bank’s holdings in BILL were worth $304,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its stake in BILL by 4.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after purchasing an additional 257 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after buying an additional 282 shares in the last quarter. Institute for Wealth Management LLC. lifted its position in shares of BILL by 4.4% during the 2nd quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock valued at $404,000 after acquiring an additional 322 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in shares of BILL by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after acquiring an additional 700 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of BILL by 0.4% in the 2nd quarter. American Century Companies Inc. now owns 171,273 shares of the company’s stock worth $9,012,000 after acquiring an additional 709 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Stock Down 2.0 %

BILL stock opened at $84.69 on Monday. The firm has a market cap of $8.77 billion, a PE ratio of -256.64 and a beta of 1.59. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $91.19. The company has a fifty day simple moving average of $58.71 and a 200 day simple moving average of $54.40. The company has a current ratio of 1.53, a quick ratio of 1.55 and a debt-to-equity ratio of 0.23.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The company had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. BILL had a return on equity of 1.54% and a net margin of 0.59%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Sell-side analysts anticipate that BILL Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the transaction, the director now owns 259 shares of the company’s stock, valued at approximately $23,310. This represents a 75.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rene A. Lacerte bought 42,248 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 184,249 shares of the company’s stock, valued at $9,138,750.40. This represents a 29.75 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 68,372 shares of company stock valued at $3,404,826 and sold 6,112 shares valued at $398,910. Company insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on BILL shares. Keefe, Bruyette & Woods reduced their target price on BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, August 23rd. UBS Group reduced their price objective on shares of BILL from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Oppenheimer lifted their target price on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Susquehanna restated a “positive” rating and issued a $100.00 price target on shares of BILL in a research report on Monday, August 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $74.65.

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.