92,800 Shares in BILL Holdings, Inc. (NYSE:BILL) Bought by ING Groep NV

ING Groep NV bought a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 92,800 shares of the company’s stock, valued at approximately $4,896,000. ING Groep NV owned about 0.09% of BILL as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BILL. Oppenheimer & Co. Inc. bought a new stake in shares of BILL in the 3rd quarter valued at about $303,000. Aigen Investment Management LP raised its stake in shares of BILL by 612.3% during the 3rd quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after buying an additional 47,761 shares during the last quarter. GSA Capital Partners LLP boosted its position in BILL by 97.8% in the 3rd quarter. GSA Capital Partners LLP now owns 12,342 shares of the company’s stock worth $651,000 after purchasing an additional 6,103 shares in the last quarter. WCM Investment Management LLC increased its holdings in BILL by 26.4% in the third quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after buying an additional 61,471 shares in the last quarter. Finally, Versor Investments LP raised its holdings in BILL by 20.7% in the 3rd quarter. Versor Investments LP now owns 18,940 shares of the company’s stock worth $999,000 after purchasing an additional 3,252 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Stock Down 2.0 %

BILL stock opened at $84.69 on Friday. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $91.19. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of -256.64 and a beta of 1.59. The firm’s 50-day moving average is $58.71 and its two-hundred day moving average is $54.51. The company has a current ratio of 1.53, a quick ratio of 1.55 and a debt-to-equity ratio of 0.23.

BILL (NYSE:BILL) last announced its earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. BILL had a net margin of 0.59% and a return on equity of 1.54%. The company had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. During the same period last year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, analysts forecast that BILL Holdings, Inc. will post -0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Alison Wagonfeld sold 519 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the sale, the director now directly owns 1,038 shares in the company, valued at approximately $59,685. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Jacobs bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average price of $53.16 per share, for a total transaction of $265,800.00. Following the acquisition, the director now directly owns 9,559 shares in the company, valued at approximately $508,156.44. This trade represents a 109.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 68,372 shares of company stock worth $3,404,826 and sold 6,112 shares worth $398,910. 4.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BILL. Wolfe Research cut BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st. Susquehanna reiterated a “positive” rating and issued a $100.00 price objective on shares of BILL in a research note on Monday, August 19th. Keefe, Bruyette & Woods dropped their target price on BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, August 23rd. BNP Paribas upgraded shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Thursday, September 12th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.65.

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.