BILL Holdings, Inc. (NYSE:BILL) Stock Position Increased by Washington Capital Management Inc.

Washington Capital Management Inc. grew its position in BILL Holdings, Inc. (NYSE:BILL) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,200 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Washington Capital Management Inc.’s holdings in BILL were worth $525,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of BILL in the fourth quarter worth $27,000. Brooklyn Investment Group bought a new position in shares of BILL in the third quarter worth $28,000. UMB Bank n.a. acquired a new position in shares of BILL during the fourth quarter valued at $35,000. Finally, Advisors Asset Management Inc. raised its stake in shares of BILL by 30.8% during the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Susquehanna raised their target price on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price objective on shares of BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Robert W. Baird upped their target price on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Oppenheimer increased their price target on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Mizuho lifted their price objective on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $85.00.

BILL Price Performance

Shares of BILL opened at $95.58 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $9.89 billion, a PE ratio of -289.62, a PEG ratio of 89.33 and a beta of 1.72. The firm’s 50 day moving average price is $88.73 and its 200 day moving average price is $67.49. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $98.57.

Insider Transactions at BILL

In other news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now owns 259 shares of the company’s stock, valued at $23,310. This trade represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the sale, the senior vice president now directly owns 5,348 shares of the company’s stock, 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. 4.20% of the stock is currently owned by company insiders.

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.