BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 12.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,761 shares of the company's stock after selling 46,902 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.31% of BILL worth $16,976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BILL. Covestor Ltd lifted its holdings in shares of BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company's stock valued at $100,000 after acquiring an additional 249 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in BILL by 4.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company's stock worth $449,000 after purchasing an additional 257 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company's stock worth $45,000 after purchasing an additional 282 shares during the last quarter. Institute for Wealth Management LLC. lifted its stake in BILL by 4.4% in the second quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company's stock worth $404,000 after purchasing an additional 322 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in BILL by 1.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 39,855 shares of the company's stock worth $2,103,000 after purchasing an additional 658 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BILL. UBS Group decreased 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. Canaccord Genuity Group reaffirmed a "buy" rating and set a $100.00 price target on shares of BILL in a research note on Friday, August 23rd. Evercore ISI decreased their price target on shares of BILL from $70.00 to $60.00 and set an "in-line" rating for the company in a research note on Friday, August 23rd. BMO Capital Markets decreased their price target on shares of BILL from $75.00 to $57.00 and set a "market perform" rating for the company in a research note on Monday, August 26th. Finally, Robert W. Baird lifted their price target on shares of BILL from $62.00 to $74.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $74.65.

Insider Transactions at BILL

In other BILL news, CFO John R. Rettig bought 21,124 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $49.40 per share, for a total transaction of $1,043,525.60. Following the completion of the transaction, the chief financial officer now directly owns 80,474 shares of the company's stock, valued at approximately $3,975,415.60. This trade represents a 35.59 % increase in their position. The transaction was disclosed in a filing with the SEC, 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 acquired at an average price of $49.60 per share, with a total value of $2,095,500.80. Following the completion of the transaction, the chief executive officer now directly owns 184,249 shares of the company's stock, valued at $9,138,750.40. This trade represents a 29.75 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 68,372 shares of company stock worth $3,404,826 and sold 6,112 shares worth $398,910. Insiders own 4.20% of the company's stock.

BILL Stock Down 0.1 %

NYSE BILL traded down $0.05 on Monday, hitting $84.64. The stock had a trading volume of 1,568,087 shares, compared to its average volume of 1,931,376. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $91.19. The business's fifty day moving average price is $59.32 and its 200 day moving average price is $54.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.55. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of -256.48 and a beta of 1.59.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. BILL had a net margin of 0.59% and a return on equity of 1.54%. The business had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The business's revenue for the quarter was up 16.1% compared to the same quarter last year. Equities research analysts anticipate that BILL Holdings, Inc. will post -0.18 earnings per share for the current year.

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.