Qsemble Capital Management LP Acquires New Position in BILL Holdings, Inc. (NYSE:BILL)

Qsemble Capital Management LP bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,671 shares of the company’s stock, valued at approximately $1,403,000.

A number of other large investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in BILL by 7.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 508,364 shares of the company’s stock worth $41,484,000 after purchasing an additional 36,233 shares in the last quarter. Coatue Management LLC bought a new stake in shares of BILL during the fourth quarter worth $163,218,000. Vanguard Group Inc. grew its stake in shares of BILL by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock worth $685,573,000 after buying an additional 94,786 shares during the last quarter. Contour Asset Management LLC acquired a new position in shares of BILL during the fourth quarter worth $49,509,000. Finally, Victory Capital Management Inc. lifted its stake in shares of BILL by 23.4% in the 4th quarter. Victory Capital Management Inc. now owns 13,734 shares of the company’s stock valued at $1,121,000 after acquiring an additional 2,604 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Stock Down 0.8 %

Shares of NYSE:BILL opened at $51.84 on Friday. The business’s 50-day moving average is $51.19 and its 200-day moving average is $56.17. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $118.69. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of -65.62 and a beta of 1.61. 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 (NYSE:BILL) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The firm had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. Equities research analysts predict that BILL Holdings, Inc. will post -0.51 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Rene A. Lacerte acquired 42,248 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were bought at an average price of $49.60 per share, with a total value of $2,095,500.80. Following the transaction, the chief executive officer now directly owns 184,249 shares of the company’s stock, valued at $9,138,750.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other BILL news, SVP Germaine Cota sold 803 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total transaction of $43,964.25. Following the completion of the sale, the senior vice president now owns 6,861 shares in the company, valued at approximately $375,639.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rene A. Lacerte acquired 42,248 shares of the company’s stock in a transaction on Monday, August 26th. The stock was acquired at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the purchase, the chief executive officer now directly owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 68,372 shares of company stock worth $3,404,826. 3.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BILL shares. Evercore ISI reduced their price objective on BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a research report on Friday, August 23rd. BMO Capital Markets lowered their price objective on BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research note on Monday, August 26th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. JPMorgan Chase & Co. decreased their price target on shares of BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Finally, Mizuho cut their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, BILL presently has an average rating of “Hold” and a consensus price target of $70.24.

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.