Edgestream Partners L.P. Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Edgestream Partners L.P. acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 52,695 shares of the company’s stock, valued at approximately $2,418,000.

Other institutional investors have also modified their holdings of the company. Xponance Inc. grew its position in BILL by 1.6% in the 1st quarter. Xponance Inc. now owns 13,902 shares of the company’s stock worth $638,000 after purchasing an additional 222 shares during the last quarter. Coppell Advisory Solutions LLC increased its stake in shares of BILL by 202.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock worth $32,000 after acquiring an additional 247 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in BILL in the fourth quarter valued at approximately $30,000. GeoWealth Management LLC bought a new stake in shares of BILL during the 4th quarter worth $32,000. Finally, AXA S.A. lifted its stake in shares of BILL by 0.5% in the fourth quarter. AXA S.A. now owns 81,690 shares of the company’s stock valued at $6,920,000 after buying an additional 429 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Stock Performance

BILL opened at $47.36 on Friday. The firm’s 50-day moving average price is $45.33 and its 200-day moving average price is $55.14. 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 company has a market cap of $4.88 billion, a P/E ratio of -394.67, a price-to-earnings-growth ratio of 9.72 and a beta of 1.35. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The business had revenue of $358.22 million during the quarter, compared to analysts’ expectations of $355.85 million. BILL had a return on equity of 1.21% and a net margin of 2.70%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. As a group, equities analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

BILL has been the subject of a number of research analyst reports. Seaport Res Ptn cut BILL from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 17th. KeyCorp decreased their price objective on BILL from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Morgan Stanley cut BILL from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $60.00 to $55.00 in a report on Wednesday, June 11th. Robert W. Baird reduced their price target on BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. Finally, Citigroup lowered their target price on BILL from $88.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.24.

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 1,718 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the sale, the senior vice president owned 9,512 shares in the company, valued at approximately $404,735.60. This trade represents a 15.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rajesh A. Aji sold 1,780 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the sale, the insider directly owned 9,298 shares in the company, valued at $420,734.50. This trade represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

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.