Oppenheimer & Co. Inc. Invests $303,000 in BILL Holdings, Inc. (NYSE:BILL)

Oppenheimer & Co. Inc. bought a new position in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,743 shares of the company's stock, valued at approximately $303,000.

A number of other hedge funds have also recently modified their holdings of BILL. Vanguard Group Inc. boosted its stake in shares of BILL by 1.0% in the first quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company's stock worth $685,573,000 after buying an additional 94,786 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in BILL by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company's stock worth $96,000 after purchasing an additional 700 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in BILL by 59.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 125,297 shares of the company's stock worth $8,612,000 after purchasing an additional 46,834 shares during the period. Advisors Asset Management Inc. raised its holdings in BILL by 75.0% in the 1st 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 period. Finally, Bayesian Capital Management LP acquired a new position in BILL in the 1st quarter worth about $4,776,000. Hedge funds and other institutional investors own 97.99% of the company's stock.

Insider Transactions at BILL

In related news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares in the company, valued at approximately $23,310. This trade represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rene A. Lacerte bought 42,248 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average price of $49.60 per share, with a total value of $2,095,500.80. Following the completion of the acquisition, the chief executive officer now owns 184,249 shares of the company's stock, valued at $9,138,750.40. This trade represents a 29.75 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 68,372 shares of company stock worth $3,404,826 and sold 6,112 shares worth $398,910. Company insiders own 4.20% of the company's stock.

BILL Trading Up 1.4 %

BILL stock traded up $1.23 during mid-day trading on Friday, hitting $91.21. The company's stock had a trading volume of 920,489 shares, compared to its average volume of 1,921,929. The firm has a market capitalization of $9.44 billion, a PE ratio of -272.67 and a beta of 1.59. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $92.16. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock's fifty day moving average is $61.45 and its two-hundred day moving average is $55.23.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results 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 return on equity of 1.54% and a net margin of 0.59%. The business had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. During the same period last year, the business posted $0.10 earnings per share. The company's quarterly revenue was up 16.1% on a year-over-year basis. On average, analysts anticipate that BILL Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

BILL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on BILL from $80.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, August 20th. BMO Capital Markets reduced their target price on BILL from $75.00 to $57.00 and set a "market perform" rating for the company in a report on Monday, August 26th. UBS Group reduced their target price on BILL from $85.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Piper Sandler increased their target price on BILL from $60.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group increased their target price on BILL from $60.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $74.65.

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.