Taylor Frigon Capital Management LLC Lowers Holdings in BILL Holdings, Inc. (NYSE:BILL)

Taylor Frigon Capital Management LLC reduced its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,456 shares of the company’s stock after selling 5,080 shares during the quarter. BILL comprises about 1.3% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 23rd biggest position. Taylor Frigon Capital Management LLC’s holdings in BILL were worth $2,667,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of BILL by 1.0% during the 1st 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 in the last quarter. Algert Global LLC lifted its stake in BILL by 602.3% in the second quarter. Algert Global LLC now owns 61,518 shares of the company’s stock worth $3,237,000 after acquiring an additional 52,758 shares during the period. SG Americas Securities LLC lifted its stake in BILL by 826.5% in the second quarter. SG Americas Securities LLC now owns 41,043 shares of the company’s stock worth $2,160,000 after acquiring an additional 36,613 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in BILL by 8,529.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,660 shares of the company’s stock worth $1,488,000 after acquiring an additional 21,409 shares in the last quarter. Finally, Versor Investments LP increased its position in BILL by 264.8% during the 2nd quarter. Versor Investments LP now owns 15,688 shares of the company’s stock valued at $826,000 after purchasing an additional 11,387 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Stock Performance

NYSE BILL traded up $0.06 on Thursday, hitting $55.37. 161,814 shares of the company’s stock traded hands, compared to its average volume of 1,906,429. The firm’s 50-day moving average price is $53.27 and its two-hundred day moving average price is $53.75. The firm has a market capitalization of $5.88 billion, a PE ratio of -70.00 and a beta of 1.61. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $101.00.

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

Insider Transactions at BILL

In related news, CEO Rene A. Lacerte purchased 42,248 shares of BILL stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the transaction, the chief executive officer now owns 184,249 shares in the company, valued at $9,138,750.40. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the sale, the director now owns 1,038 shares in the company, valued at approximately $59,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rene A. Lacerte bought 42,248 shares of the stock in a transaction dated Monday, August 26th. The shares were purchased 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 owns 184,249 shares in the company, valued at approximately $9,138,750.40. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 68,372 shares of company stock worth $3,404,826 and have sold 3,808 shares worth $209,866. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BILL. BNP Paribas upgraded shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Thursday, September 12th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. Evercore ISI reduced their price target on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research report on Friday, August 23rd. Piper Sandler raised their price objective on BILL from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Susquehanna reiterated a “positive” rating and issued a $100.00 target price on shares of BILL in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.71.

BILL Company 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.