IFM Investors Pty Ltd Grows Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

IFM Investors Pty Ltd raised its stake in BILL Holdings, Inc. (NYSE:BILL) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,378 shares of the company’s stock after buying an additional 748 shares during the period. IFM Investors Pty Ltd’s holdings in BILL were worth $1,263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. M&T Bank Corp increased its holdings in BILL by 0.9% during the 3rd quarter. M&T Bank Corp now owns 14,453 shares of the company’s stock valued at $1,569,000 after acquiring an additional 128 shares in the last quarter. Signaturefd LLC increased its stake in shares of BILL by 13.7% during the 3rd quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock worth $141,000 after purchasing an additional 157 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of BILL by 5.2% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,440 shares of the company’s stock worth $281,000 after purchasing an additional 170 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of BILL by 2.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 7,409 shares of the company’s stock worth $804,000 after purchasing an additional 171 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in BILL by 11.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company’s stock valued at $209,000 after buying an additional 193 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BILL has been the subject of several recent research reports. BNP Paribas raised BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target for the company in a research report on Wednesday, March 13th. JPMorgan Chase & Co. cut their target price on shares of BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Citigroup upped their target price on shares of BILL from $85.00 to $86.00 and gave the company a “buy” rating in a report on Monday, February 12th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of BILL in a report on Friday, February 9th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $60.00 price objective (down previously from $70.00) on shares of BILL in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.57.

Insider Buying and Selling at BILL

In related news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the sale, 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 link. 3.80% of the stock is currently owned by corporate insiders.

BILL Trading Up 3.2 %

Shares of NYSE:BILL traded up $1.94 during trading on Friday, reaching $62.44. 1,020,252 shares of the stock were exchanged, compared to its average volume of 1,439,036. BILL Holdings, Inc. has a 12-month low of $51.94 and a 12-month high of $139.50. The firm’s 50-day moving average price is $64.26 and its 200 day moving average price is $72.16. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of -57.81, a price-to-earnings-growth ratio of 84.04 and a beta of 1.66.

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 9.67% and a positive return on equity of 0.29%. The company had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. On average, sell-side analysts anticipate that BILL Holdings, Inc. will post 0.03 earnings per share for the current fiscal 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.