SG Americas Securities LLC Sells 39,085 Shares of BILL Holdings, Inc. (NYSE:BILL)

SG Americas Securities LLC reduced its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 95.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,958 shares of the company's stock after selling 39,085 shares during the period. SG Americas Securities LLC's holdings in BILL were worth $103,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of BILL by 32.7% during the 1st quarter. Principal Financial Group Inc. now owns 8,562 shares of the company's stock worth $588,000 after purchasing an additional 2,109 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in BILL by 79.1% in the first quarter. Commonwealth Equity Services LLC now owns 8,992 shares of the company's stock valued at $618,000 after acquiring an additional 3,972 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in BILL in the first quarter valued at approximately $3,207,000. Iridian Asset Management LLC CT lifted its holdings in BILL by 146.6% in the first quarter. Iridian Asset Management LLC CT now owns 146,199 shares of the company's stock valued at $10,047,000 after acquiring an additional 86,913 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in BILL during the first quarter worth $2,656,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on BILL. Robert W. Baird upped their price target on BILL from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods cut their price objective on BILL from $60.00 to $55.00 and set a "market perform" rating on the stock in a research report on Friday, August 23rd. Piper Sandler upped their price objective on BILL from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, August 23rd. Oppenheimer dropped their target price on BILL from $95.00 to $70.00 and set an "outperform" rating on the stock in a report on Monday, July 22nd. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $100.00 target price on shares of BILL in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $70.71.

Insiders Place Their Bets

In other BILL news, CEO Rene A. Lacerte acquired 42,248 shares of BILL stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the acquisition, the chief executive officer now owns 184,249 shares of the company's stock, valued at approximately $9,138,750.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other BILL news, CFO John R. Rettig purchased 21,124 shares of the stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $49.40 per share, for a total transaction of $1,043,525.60. Following the transaction, the chief financial officer now directly owns 80,474 shares in the company, valued at $3,975,415.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rene A. Lacerte acquired 42,248 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $49.60 per share, with a total value of $2,095,500.80. Following the acquisition, the chief executive officer now owns 184,249 shares of the company's stock, valued at approximately $9,138,750.40. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 68,372 shares of company stock worth $3,404,826 and have sold 3,808 shares worth $209,866. Company insiders own 3.80% of the company's stock.

BILL Trading Up 3.5 %

Shares of NYSE:BILL traded up $1.92 during mid-day trading on Monday, hitting $56.69. The stock had a trading volume of 1,345,872 shares, compared to its average volume of 1,900,446. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $93.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $6.02 billion, a PE ratio of -71.76 and a beta of 1.61. The company's 50 day moving average is $53.63 and its 200-day moving average is $53.49.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The business had revenue of $343.67 million for the quarter, compared to the consensus estimate of $328.27 million. During the same quarter last year, the firm earned $0.10 EPS. BILL's revenue for the quarter was up 16.1% on a year-over-year basis. On average, sell-side analysts predict that BILL Holdings, Inc. will post -0.58 EPS for the current year.

About BILL

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.