Dimensional Fund Advisors LP increased its position in shares of Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) by 20.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 176,976 shares of the company’s stock after purchasing an additional 30,651 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.17% of Bill.com worth $23,430,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Souders Financial Advisors bought a new position in shares of Bill.com in the 3rd quarter worth $251,000. Summit Trail Advisors LLC increased its stake in shares of Bill.com by 18.2% in the 3rd quarter. Summit Trail Advisors LLC now owns 10,420 shares of the company’s stock worth $1,379,000 after acquiring an additional 1,602 shares in the last quarter. Korea Investment CORP increased its stake in Bill.com by 1.9% during the 3rd quarter. Korea Investment CORP now owns 46,357 shares of the company’s stock valued at $6,136,000 after purchasing an additional 857 shares in the last quarter. UBS Group AG boosted its holdings in shares of Bill.com by 76.6% during the 3rd quarter. UBS Group AG now owns 21,905 shares of the company’s stock valued at $2,899,000 after acquiring an additional 9,503 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Bill.com by 4.2% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 53,274 shares of the company’s stock valued at $7,052,000 after acquiring an additional 2,169 shares during the last quarter. 95.80% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO John R. Rettig sold 6,008 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $93.01, for a total transaction of $558,804.08. Following the transaction, the chief financial officer now owns 26,818 shares in the company, valued at approximately $2,494,342.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO John R. Rettig sold 6,008 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $93.01, for a total value of $558,804.08. Following the completion of the transaction, the chief financial officer now directly owns 26,818 shares of the company’s stock, valued at approximately $2,494,342.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Rajesh A. Aji sold 847 shares of the stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.00, for a total value of $83,853.00. The disclosure for this sale can be found here. Insiders have sold 15,293 shares of company stock worth $1,532,548 in the last quarter. Corporate insiders own 5.00% of the company’s stock.
Bill.com Trading Up 3.0 %
Bill.com (NYSE:BILL – Get Rating) last announced its earnings results on Thursday, February 2nd. The company reported ($0.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.88) by $0.27. Bill.com had a negative return on equity of 6.23% and a negative net margin of 40.65%. The firm had revenue of $260.01 million for the quarter, compared to analyst estimates of $242.59 million. Analysts anticipate that Bill.com Holdings, Inc. will post -2 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on BILL shares. The Goldman Sachs Group reduced their price target on shares of Bill.com from $158.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, January 9th. Citigroup began coverage on shares of Bill.com in a research note on Friday, January 27th. They issued a “buy” rating and a $131.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Bill.com from $200.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, January 24th. Credit Suisse Group reduced their target price on shares of Bill.com from $200.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, February 6th. Finally, Sumitomo Mitsui Financial Group reiterated a “neutral” rating and issued a $110.00 target price (down from $140.00) on shares of Bill.com in a report on Friday, February 3rd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.17.
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.
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