Cohen Capital Management Inc. Trims Stake in BILL Holdings, Inc. (NYSE:BILL)

Cohen Capital Management Inc. cut its position in BILL Holdings, Inc. (NYSE:BILL) by 24.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,350 shares of the company’s stock after selling 26,696 shares during the quarter. Cohen Capital Management Inc. owned approximately 0.08% of BILL worth $4,345,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc purchased a new stake in BILL during the 2nd quarter valued at approximately $46,000. UniSuper Management Pty Ltd lifted its position in BILL by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after acquiring an additional 700 shares during the period. Blue Trust Inc. grew its stake in shares of BILL by 1,167.5% in the 3rd quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock valued at $101,000 after purchasing an additional 1,763 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of BILL by 1,742.7% in the first quarter. Covestor Ltd now owns 1,640 shares of the company’s stock valued at $113,000 after purchasing an additional 1,551 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Insider Buying and Selling at BILL

In other news, Director Alison Wagonfeld sold 519 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the transaction, the director now owns 1,038 shares of the company’s stock, valued at $59,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other BILL news, SVP Germaine Cota sold 803 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.75, for a total value of $43,964.25. Following the sale, the senior vice president now directly owns 6,861 shares of the company’s stock, valued at approximately $375,639.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction dated Monday, October 21st. The shares were 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 owns 1,038 shares of the company’s stock, valued at $59,685. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 68,372 shares of company stock worth $3,404,826 and have sold 3,808 shares worth $209,866. 3.80% of the stock is owned by insiders.

BILL Trading Down 0.1 %

Shares of BILL opened at $58.19 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $87.05. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of -86.96 and a beta of 1.59. The firm has a 50 day simple moving average of $54.24 and a 200-day simple moving average of $53.37.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BILL. Mizuho decreased their price target on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of BILL in a report on Friday, August 23rd. Wells Fargo & Company cut their price target on shares of BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. Susquehanna restated a “positive” rating and issued a $100.00 price objective on shares of BILL in a research report on Monday, August 19th. Finally, Wolfe Research downgraded BILL from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, BILL currently has an average rating of “Hold” and an average price target of $70.71.

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.