BILL Holdings, Inc. (NYSE:BILL) Stock Holdings Decreased by Glynn Capital Management LLC

Glynn Capital Management LLC reduced its position in BILL Holdings, Inc. (NYSE:BILL) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,288 shares of the company’s stock after selling 1,816 shares during the period. BILL comprises approximately 2.1% of Glynn Capital Management LLC’s holdings, making the stock its 18th largest position. Glynn Capital Management LLC’s holdings in BILL were worth $11,446,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. M&T Bank Corp increased its position in shares of BILL by 0.9% in the third quarter. M&T Bank Corp now owns 14,453 shares of the company’s stock worth $1,569,000 after acquiring an additional 128 shares in the last quarter. Signaturefd LLC grew its position in BILL by 13.7% during the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock valued at $141,000 after purchasing an additional 157 shares in the last quarter. Teacher Retirement System of Texas grew its position in BILL by 2.4% during the third quarter. Teacher Retirement System of Texas now owns 7,409 shares of the company’s stock valued at $804,000 after purchasing an additional 171 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew 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, Precision Wealth Strategies LLC grew its position in BILL by 6.0% during the third quarter. Precision Wealth Strategies LLC now owns 4,394 shares of the company’s stock valued at $477,000 after purchasing an additional 247 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BILL

In related news, SVP Germaine Cota sold 920 shares of the 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

BILL Trading Up 1.5 %

BILL stock traded up $0.96 during trading hours on Wednesday, reaching $63.32. 721,823 shares of the company’s stock traded hands, compared to its average volume of 2,093,994. 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 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 $6.66 billion, a price-to-earnings ratio of -57.76, a PEG ratio of 84.82 and a beta of 1.66. The firm’s 50 day moving average is $64.23 and its 200-day moving average is $71.45.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $318.50 million for the quarter, compared to the consensus estimate of $296.62 million. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. On average, analysts predict that BILL Holdings, Inc. will post 0.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BILL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of BILL in a research report on Friday, February 9th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $60.00 price objective (down from $70.00) on shares of BILL in a research report on Monday, April 1st. JPMorgan Chase & Co. lowered their price objective on shares of BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. BNP Paribas upgraded shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 target price for the company in a research note on Wednesday, March 13th. Finally, Piper Sandler reduced their target price on shares of BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, BILL presently has an average rating of “Moderate Buy” and an average price target of $101.57.

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.