Lecap Asset Management Ltd. Purchases 1,462 Shares of BILL Holdings, Inc. (NYSE:BILL)

Lecap Asset Management Ltd. increased its holdings in BILL Holdings, Inc. (NYSE:BILL) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,376 shares of the company’s stock after acquiring an additional 1,462 shares during the period. Lecap Asset Management Ltd.’s holdings in BILL were worth $2,711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BILL. Vanguard Group Inc. boosted its stake in BILL by 1.0% in the first quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock valued at $685,573,000 after acquiring an additional 94,786 shares during the last quarter. Algert Global LLC grew its holdings in BILL by 602.3% during the second quarter. Algert Global LLC now owns 61,518 shares of the company’s stock valued at $3,237,000 after purchasing an additional 52,758 shares during the period. SG Americas Securities LLC raised its stake in shares of BILL by 826.5% in the second quarter. SG Americas Securities LLC now owns 41,043 shares of the company’s stock valued at $2,160,000 after buying an additional 36,613 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of BILL by 8,529.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,660 shares of the company’s stock valued at $1,488,000 after buying an additional 21,409 shares during the last quarter. Finally, Versor Investments LP grew its stake in shares of BILL by 264.8% during the 2nd quarter. Versor Investments LP now owns 15,688 shares of the company’s stock worth $826,000 after acquiring an additional 11,387 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Trading Down 1.3 %

NYSE BILL opened at $56.28 on Wednesday. The stock’s 50-day simple moving average is $53.11 and its two-hundred day simple moving average is $53.74. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $105.81. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of -71.24 and a beta of 1.61.

BILL (NYSE:BILL) last released its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The company had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. BILL’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. Research analysts forecast that BILL Holdings, Inc. will post -0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BILL shares. Wolfe Research downgraded shares of BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a research note on Friday, August 23rd. Robert W. Baird increased their target price on BILL from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Piper Sandler lifted their price target on BILL from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of BILL in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.71.

Insider Buying and Selling

In other BILL news, CFO John R. Rettig purchased 21,124 shares of the business’s stock in a transaction on Monday, August 26th. The stock was acquired at an average cost of $49.40 per share, for a total transaction of $1,043,525.60. Following the completion of the transaction, the chief financial officer now directly owns 80,474 shares in the company, valued at approximately $3,975,415.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO John R. Rettig acquired 21,124 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of $49.40 per share, with a total value of $1,043,525.60. Following the completion of the purchase, the chief financial officer now owns 80,474 shares in the company, valued at $3,975,415.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Germaine Cota sold 803 shares of BILL stock in a transaction on Friday, August 30th. The stock was sold at an average price of $54.75, for a total transaction of $43,964.25. Following the completion of the transaction, the senior vice president now directly owns 6,861 shares in the company, valued at approximately $375,639.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired a total of 68,372 shares of company stock worth $3,404,826 in the last 90 days. 3.80% of the stock is owned by company insiders.

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.