Vestmark Advisory Solutions Inc. Grows Position in BILL Holdings, Inc. (NYSE:BILL)

Posted by on Aug 18th, 2023

Vestmark Advisory Solutions Inc. grew its stake in BILL Holdings, Inc. (NYSE:BILL – Free Report) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,987 shares of the company’s stock after purchasing an additional 127 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in BILL were worth $405,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Utah Retirement Systems boosted its position in BILL by 0.6% in the 4th quarter. Utah Retirement Systems now owns 17,610 shares of the company’s stock worth $1,919,000 after purchasing an additional 100 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of BILL by 1.1% during the 4th quarter. Summit Trail Advisors LLC now owns 10,538 shares of the company’s stock valued at $1,148,000 after buying an additional 118 shares in the last quarter. Toroso Investments LLC lifted its position in shares of BILL by 15.3% during the 1st quarter. Toroso Investments LLC now owns 1,049 shares of the company’s stock valued at $238,000 after buying an additional 139 shares in the last quarter. Procyon Advisors LLC lifted its position in shares of BILL by 4.0% during the 1st quarter. Procyon Advisors LLC now owns 3,834 shares of the company’s stock valued at $311,000 after buying an additional 146 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of BILL by 15.0% during the 1st quarter. Whittier Trust Co. now owns 1,150 shares of the company’s stock valued at $93,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

BILL Stock Performance

NYSE BILL opened at $101.52 on Friday. The stock has a market cap of $10.80 billion, a PE ratio of -36.52 and a beta of 1.93. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.45. BILL Holdings, Inc. has a twelve month low of $68.30 and a twelve month high of $179.85. The stock has a fifty day simple moving average of $116.54 and a 200-day simple moving average of $98.19.

Analyst Upgrades and Downgrades

BILL has been the topic of a number of recent analyst reports. Bank of America decreased their target price on BILL from $130.00 to $110.00 in a research report on Thursday, April 27th. Keefe, Bruyette & Woods downgraded BILL from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $150.00 to $120.00 in a research note on Sunday, July 9th. 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 research note on Monday, June 12th. KeyCorp increased their price objective on BILL from $110.00 to $140.00 in a research note on Monday, July 10th. Finally, Mizuho reissued a “neutral” rating and issued a $110.00 price objective on shares of BILL in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.25.

Check Out Our Latest Stock Analysis on BILL

Insider Transactions at BILL

In related news, CEO Rene A. Lacerte sold 32,649 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $114.62, for a total transaction of $3,742,228.38. Following the completion of the transaction, the chief executive officer now directly owns 86,902 shares in the company, valued at approximately $9,960,707.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Rene A. Lacerte sold 32,649 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $114.62, for a total transaction of $3,742,228.38. Following the completion of the transaction, the chief executive officer now directly owns 86,902 shares in the company, valued at approximately $9,960,707.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rene A. Lacerte sold 9,102 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $99.07, for a total value of $901,735.14. Following the transaction, the chief executive officer now owns 104,551 shares of the company’s stock, valued at $10,357,867.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,172 shares of company stock worth $6,517,549. 5.00% of the stock is currently owned by company insiders.

BILL Company Profile

(Free Report)

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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Institutional Ownership by Quarter for BILL (NYSE:BILL)

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