Precision Wealth Strategies LLC Cuts Stake in BILL Holdings, Inc. (NYSE:BILL)

Precision Wealth Strategies LLC reduced its stake in BILL Holdings, Inc. (NYSE:BILL) by 33.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,933 shares of the company’s stock after selling 1,463 shares during the period. Precision Wealth Strategies LLC’s holdings in BILL were worth $202,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of BILL by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 508,364 shares of the company’s stock worth $41,484,000 after acquiring an additional 36,233 shares during the last quarter. Coatue Management LLC bought a new position in shares of BILL during the fourth quarter valued at $163,218,000. Assenagon Asset Management S.A. bought a new position in shares of BILL during the fourth quarter valued at $5,038,000. Contour Asset Management LLC bought a new position in shares of BILL during the fourth quarter valued at $49,509,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of BILL by 23.4% during the fourth quarter. Victory Capital Management Inc. now owns 13,734 shares of the company’s stock valued at $1,121,000 after purchasing an additional 2,604 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

BILL Stock Down 0.9 %

NYSE BILL traded down $0.48 during trading on Friday, hitting $52.68. 723,399 shares of the stock traded hands, compared to its average volume of 1,413,917. The firm has a 50-day simple moving average of $53.63 and a 200-day simple moving average of $64.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. BILL Holdings, Inc. has a 12-month low of $45.90 and a 12-month high of $139.50.

BILL (NYSE:BILL) last released 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 positive return on equity of 0.98% and a negative net margin of 4.21%. Research analysts predict that BILL Holdings, Inc. will post -0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BILL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of BILL in a report on Monday, June 10th. BNP Paribas upgraded 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. Mizuho reduced their price target on BILL from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. BMO Capital Markets reduced their price target on BILL from $82.00 to $75.00 and set a “market perform” rating for the company in a research report on Friday, May 3rd. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $60.00 price target (down previously from $70.00) on shares of BILL in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.78.

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.