Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of BILL Holdings, Inc. (NYSE:BILL – Free Report) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,285 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.07% of BILL worth $6,271,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in BILL by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,250,757 shares of the company’s stock worth $1,334,842,000 after buying an additional 1,858,460 shares in the last quarter. Voya Investment Management LLC lifted its position in BILL by 6,526.7% in the fourth quarter. Voya Investment Management LLC now owns 832,508 shares of the company’s stock valued at $90,710,000 after purchasing an additional 819,945 shares during the last quarter. Eagle Asset Management Inc. lifted its position in BILL by 122.0% in the fourth quarter. Eagle Asset Management Inc. now owns 833,236 shares of the company’s stock valued at $91,039,000 after purchasing an additional 457,861 shares during the last quarter. Norges Bank bought a new stake in BILL in the fourth quarter valued at approximately $46,441,000. Finally, Artisan Partners Limited Partnership raised its holdings in shares of BILL by 29.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,541,617 shares of the company’s stock valued at $167,975,000 after acquiring an additional 354,218 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.
Analysts Set New Price Targets
BILL has been the subject of a number of recent analyst reports. Mizuho restated a “neutral” rating and set a $110.00 target price on shares of BILL in a report on Monday, August 7th. KeyCorp upped their target price on BILL from $110.00 to $140.00 in a report on Monday, July 10th. Wolfe Research upped their target price on BILL from $100.00 to $110.00 in a report on Friday, May 5th. Keefe, Bruyette & Woods downgraded BILL from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $150.00 to $120.00 in a report on Sunday, July 9th. Finally, Morgan Stanley downgraded BILL from an “overweight” rating to an “equal weight” rating and set a $105.00 price objective for the company. in a report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.33.
Insiders Place Their Bets
In other BILL news, SVP Germaine Cota sold 785 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $99.07, for a total value of $77,769.95. Following the transaction, the senior vice president now directly owns 3,024 shares of the company’s stock, valued at $299,587.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Germaine Cota sold 785 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $99.07, for a total value of $77,769.95. Following the transaction, the senior vice president now owns 3,024 shares of the company’s stock, valued at $299,587.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rajesh A. Aji sold 1,149 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $99.08, for a total value of $113,842.92. Following the completion of the transaction, the insider now directly owns 4,149 shares in the company, valued at approximately $411,082.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,172 shares of company stock valued at $6,517,549. Insiders own 5.00% of the company’s stock.
BILL Trading Up 0.2 %
Shares of NYSE:BILL opened at $105.52 on Friday. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of -37.96 and a beta of 1.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.92 and a current ratio of 1.92. The stock’s 50-day simple moving average is $117.38 and its two-hundred day simple moving average is $98.43. BILL Holdings, Inc. has a 52-week low of $68.30 and a 52-week high of $179.85.
BILL Company Profile
BILL Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations 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.
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