Advisors Asset Management Inc. Acquires 137 Shares of Bill.com Holdings, Inc. (NYSE:BILL)

Advisors Asset Management Inc. lifted its position in shares of Bill.com Holdings, Inc. (NYSE:BILLGet Rating) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,327 shares of the company’s stock after acquiring an additional 137 shares during the period. Advisors Asset Management Inc.’s holdings in Bill.com were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BILL. Alera Investment Advisors LLC boosted its stake in shares of Bill.com by 3.6% during the 2nd quarter. Alera Investment Advisors LLC now owns 2,457 shares of the company’s stock worth $270,000 after acquiring an additional 85 shares during the last quarter. abrdn plc boosted its position in Bill.com by 1.0% in the 2nd quarter. abrdn plc now owns 8,797 shares of the company’s stock valued at $1,007,000 after buying an additional 89 shares during the period. CVA Family Office LLC boosted its position in Bill.com by 13.6% in the 2nd quarter. CVA Family Office LLC now owns 752 shares of the company’s stock valued at $83,000 after buying an additional 90 shares during the period. Bartlett & Co. LLC boosted its position in Bill.com by 4.6% in the 2nd quarter. Bartlett & Co. LLC now owns 2,696 shares of the company’s stock valued at $296,000 after buying an additional 119 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Bill.com by 12.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,180 shares of the company’s stock worth $268,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 95.85% of the company’s stock.

Insider Activity

In other Bill.com news, insider Blake Thomas Murray sold 95,826 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $164.23, for a total transaction of $15,737,503.98. Following the sale, the insider now owns 116,124 shares in the company, valued at $19,071,044.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Bill.com news, insider Blake Thomas Murray sold 95,826 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $164.23, for a total value of $15,737,503.98. Following the completion of the sale, the insider now directly owns 116,124 shares in the company, valued at $19,071,044.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Cakebread sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $113.44, for a total transaction of $2,268,800.00. Following the completion of the transaction, the director now owns 953 shares of the company’s stock, valued at $108,108.32. The disclosure for this sale can be found here. Insiders sold a total of 178,427 shares of company stock valued at $27,104,542 over the last three months. Insiders own 5.00% of the company’s stock.

Bill.com Trading Down 2.0 %

NYSE:BILL opened at $111.08 on Tuesday. The stock has a market cap of $11.74 billion, a PE ratio of -34.60 and a beta of 2.05. The stock’s 50-day moving average is $129.68 and its two-hundred day moving average is $131.03. Bill.com Holdings, Inc. has a fifty-two week low of $89.87 and a fifty-two week high of $322.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.89 and a quick ratio of 1.89.

Bill.com (NYSE:BILLGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.05). Bill.com had a negative net margin of 44.29% and a negative return on equity of 5.45%. The company had revenue of $229.92 million during the quarter, compared to the consensus estimate of $210.26 million. As a group, equities research analysts forecast that Bill.com Holdings, Inc. will post -2.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BILL has been the subject of several recent analyst reports. KeyCorp reduced their price objective on shares of Bill.com from $200.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, November 4th. Evercore ISI increased their price objective on shares of Bill.com to $165.00 in a report on Monday, August 22nd. The Goldman Sachs Group decreased their price objective on shares of Bill.com from $183.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, November 4th. Wells Fargo & Company reduced their target price on shares of Bill.com from $230.00 to $195.00 and set an “overweight” rating for the company in a research report on Friday, November 4th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $200.00 target price on shares of Bill.com in a research note on Tuesday, September 20th. Fourteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $192.10.

Bill.com Company Profile

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Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations 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.

See Also

Institutional Ownership by Quarter for Bill.com (NYSE:BILL)

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