31,500 Shares in BILL Holdings, Inc. (NYSE:BILL) Purchased by Arizona PSPRS Trust

Arizona PSPRS Trust bought a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,500 shares of the company’s stock, valued at approximately $1,662,000.

A number of other large investors also recently made changes to their positions in BILL. DekaBank Deutsche Girozentrale grew its position in BILL by 4.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after purchasing an additional 257 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of BILL in the second quarter worth $46,000. SG Americas Securities LLC raised its holdings in shares of BILL by 826.5% during the second quarter. SG Americas Securities LLC now owns 41,043 shares of the company’s stock worth $2,160,000 after acquiring an additional 36,613 shares in the last quarter. Archford Capital Strategies LLC boosted its position in BILL by 24.0% during the second quarter. Archford Capital Strategies LLC now owns 15,515 shares of the company’s stock valued at $816,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in BILL by 23.4% in the second quarter. Assenagon Asset Management S.A. now owns 95,705 shares of the company’s stock valued at $5,036,000 after purchasing an additional 18,121 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Insider Buying and Selling

In other BILL news, Director Alison Wagonfeld sold 779 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the sale, the director now owns 259 shares in the company, valued at approximately $23,310. This trade represents a 75.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the sale, the senior vice president now owns 5,348 shares in the company, valued at approximately $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,823 shares of company stock valued at $218,887 over the last three months. 4.20% of the stock is owned by corporate insiders.

BILL Stock Performance

NYSE BILL opened at $90.22 on Monday. The company’s fifty day moving average is $66.13 and its two-hundred day moving average is $56.61. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of -273.39 and a beta of 1.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $94.28.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BILL. Wells Fargo & Company cut their price target on BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Oppenheimer lifted their target price on shares of BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Susquehanna restated a “positive” rating and set a $100.00 price target on shares of BILL in a research note on Monday, August 19th. Evercore ISI reduced their price objective on shares of BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research note on Friday, August 23rd. Finally, 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 report on Thursday, September 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $75.78.

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.