BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. decreased its stake in BILL Holdings, Inc. (NYSE:BILL) by 84.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,676 shares of the company’s stock after selling 45,961 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in BILL were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BILL. Covestor Ltd boosted its holdings in BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after buying an additional 249 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of BILL by 4.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock worth $449,000 after purchasing an additional 257 shares in the last quarter. Advisors Asset Management Inc. raised its stake in BILL by 30.8% in the 3rd 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 during the last quarter. Institute for Wealth Management LLC. lifted its holdings in BILL by 4.4% in the 2nd quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock valued at $404,000 after purchasing an additional 322 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in BILL by 1.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 39,855 shares of the company’s stock worth $2,103,000 after purchasing an additional 658 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Insiders Place Their Bets

In other BILL news, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now owns 259 shares in the company, valued at $23,310. This represents a 75.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. The trade was a 22.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 68,372 shares of company stock worth $3,404,826 and have sold 6,112 shares worth $398,910. 4.20% of the stock is owned by company insiders.

BILL Price Performance

BILL stock opened at $91.51 on Friday. The business’s fifty day moving average price is $62.24 and its 200 day moving average price is $55.46. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $92.16. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $9.47 billion, a PE ratio of -277.30 and a beta of 1.59.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. The business had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. BILL had a net margin of 0.59% and a return on equity of 1.54%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. On average, sell-side analysts anticipate that BILL Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BILL. Wells Fargo & Company reduced their target price on shares of BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. BNP Paribas upgraded BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Thursday, September 12th. BMO Capital Markets cut their price target on BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a report on Monday, August 26th. Susquehanna reissued a “positive” rating and set a $100.00 price objective on shares of BILL in a research note on Monday, August 19th. Finally, Mizuho cut their target price on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.65.

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.