Fifth Third Wealth Advisors LLC Buys Shares of 2,824 BILL Holdings, Inc. (NYSE:BILL)

Fifth Third Wealth Advisors LLC acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,824 shares of the company's stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its holdings in shares of BILL by 42.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,839 shares of the company's stock worth $676,000 after purchasing an additional 3,847 shares in the last quarter. American Century Companies Inc. lifted its position in shares of BILL by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 171,273 shares of the company's stock valued at $9,012,000 after acquiring an additional 709 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of BILL by 113.3% during the 2nd quarter. Federated Hermes Inc. now owns 3,108 shares of the company's stock worth $164,000 after acquiring an additional 1,651 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of BILL by 70.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company's stock worth $73,049,000 after acquiring an additional 575,084 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of BILL by 89.1% during the second quarter. Renaissance Technologies LLC now owns 117,600 shares of the company's stock worth $6,188,000 after purchasing an additional 55,400 shares during the period. 97.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares in the company, valued at $417,090.52. The trade was a 22.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alison Wagonfeld sold 519 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the completion of the transaction, the director now directly owns 1,038 shares in the company, valued at approximately $59,685. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,823 shares of company stock worth $218,887 over the last quarter. Company insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BILL. Piper Sandler lifted their price target on BILL from $60.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. The Goldman Sachs Group upgraded shares of BILL from a "neutral" rating to a "buy" rating and boosted their price target for the company from $96.00 to $104.00 in a report on Thursday, January 9th. KeyCorp raised shares of BILL from a "sector weight" rating to an "overweight" rating and set a $115.00 price objective for the company in a research note on Wednesday, December 18th. Mizuho upped their target price on BILL from $64.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Finally, Susquehanna boosted their price objective on shares of BILL from $91.00 to $100.00 and gave the company a "positive" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $85.00.

BILL Stock Performance

Shares of BILL traded up $0.74 on Friday, reaching $88.98. 1,783,539 shares of the stock traded hands, compared to its average volume of 2,587,056. The stock's 50-day moving average price is $87.92 and its 200-day moving average price is $65.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of -269.63, a P/E/G ratio of 83.30 and a beta of 1.72. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $97.86.

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.