First Horizon Advisors Inc. Sells 976 Shares of BILL Holdings, Inc. (NYSE:BILL)

First Horizon Advisors Inc. reduced its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 53.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 842 shares of the company’s stock after selling 976 shares during the quarter. First Horizon Advisors Inc.’s holdings in BILL were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BILL. Sands Capital Management LLC purchased a new position in BILL during the third quarter valued at approximately $136,000. Signaturefd LLC increased its holdings in shares of BILL by 13.7% in the 3rd quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock valued at $141,000 after acquiring an additional 157 shares during the period. EMC Capital Management purchased a new stake in shares of BILL during the 4th quarter worth $163,000. Raymond James Financial Services Advisors Inc. boosted its position in BILL by 11.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company’s stock valued at $209,000 after purchasing an additional 193 shares in the last quarter. Finally, Crestone Asset Management LLC purchased a new stake in shares of BILL during the third quarter valued at about $216,000. 97.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total value of $60,112.80. Following the transaction, the senior vice president now directly owns 5,093 shares in the company, valued at approximately $332,776.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is currently owned by insiders.

BILL Stock Performance

NYSE BILL opened at $57.71 on Wednesday. BILL Holdings, Inc. has a fifty-two week low of $51.94 and a fifty-two week high of $139.50. The firm has a market capitalization of $6.07 billion, a P/E ratio of -73.05, a price-to-earnings-growth ratio of 62.44 and a beta of 1.68. The stock’s fifty day moving average is $63.88 and its two-hundred day moving average is $69.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The firm had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. On average, research analysts anticipate that BILL Holdings, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BILL. Canaccord Genuity Group reiterated a “buy” rating and issued a $100.00 price target on shares of BILL in a research note on Friday, May 3rd. Piper Sandler cut their price objective on BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. JPMorgan Chase & Co. decreased their target price on BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Jefferies Financial Group cut their price target on shares of BILL from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of BILL in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.35.

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.