Kapitalo Investimentos Ltda Buys New Position in BILL Holdings, Inc. (NYSE:BILL)

Kapitalo Investimentos Ltda bought a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) during the 4th quarter, HoldingsChannel.com reports. The fund bought 9,333 shares of the company’s stock, valued at approximately $761,000.

Other hedge funds also recently modified their holdings of the company. Quest Partners LLC purchased a new position in BILL in the fourth quarter worth $35,000. Garner Asset Management Corp purchased a new position in BILL in the fourth quarter worth $90,000. Sands Capital Management LLC purchased a new position in BILL in the third quarter worth $136,000. Principal Securities Inc. purchased a new position in BILL in the fourth quarter worth $138,000. Finally, EMC Capital Management purchased a new position in BILL in the fourth quarter worth $163,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Stock Down 2.3 %

Shares of BILL stock traded down $1.10 on Tuesday, hitting $47.53. 134,715 shares of the company’s stock traded hands, compared to its average volume of 2,084,751. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.63. The company’s fifty day simple moving average is $56.92 and its 200 day simple moving average is $66.11. BILL Holdings, Inc. has a one year low of $47.33 and a one year high of $139.50.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.17. The business had revenue of $323.03 million during the quarter, compared to analysts’ expectations of $305.23 million. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. On average, sell-side analysts forecast that BILL Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BILL shares. Canaccord Genuity Group reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a research report on Friday, May 3rd. Robert W. Baird cut their price objective on BILL from $74.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. BMO Capital Markets dropped their price target on BILL from $82.00 to $75.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Wells Fargo & Company reiterated an “underweight” rating and issued a $60.00 target price (down from $70.00) on shares of BILL in a research note on Monday, April 1st. Finally, Piper Sandler lowered their target price on shares of BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.21.

Insider Activity at BILL

In other BILL news, insider Rajesh A. Aji sold 2,616 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $51.60, for a total value of $134,985.60. Following the completion of the transaction, the insider now directly owns 9,126 shares in the company, valued at approximately $470,901.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BILL news, insider Rajesh A. Aji sold 2,616 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $51.60, for a total value of $134,985.60. Following the completion of the transaction, the insider now directly owns 9,126 shares in the company, valued at approximately $470,901.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Germaine Cota sold 642 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $51.59, for a total transaction of $33,120.78. Following the completion of the transaction, the senior vice president now owns 6,057 shares of the company’s stock, valued at $312,480.63. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

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.