BILL Holdings, Inc. (NYSE:BILL – Get Free Report) CEO Rene A. Lacerte purchased 42,248 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the acquisition, the chief executive officer now owns 184,249 shares of the company’s stock, valued at $9,138,750.40. The transaction was disclosed in a filing with the SEC, which is available through this link.
BILL Price Performance
BILL stock traded up $2.42 during trading on Monday, hitting $49.76. The company had a trading volume of 3,996,197 shares, compared to its average volume of 1,982,531. The business has a 50 day moving average of $50.22 and a 200 day moving average of $56.97. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of -62.99 and a beta of 1.61. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $119.32.
BILL (NYSE:BILL – Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.11. The company 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 0.98% and a negative net margin of 4.21%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. As a group, research analysts predict that BILL Holdings, Inc. will post -0.19 earnings per share for the current year.
Analyst Upgrades and Downgrades
View Our Latest Research Report on BILL
Institutional Trading of BILL
Several institutional investors have recently modified their holdings of BILL. Dimensional Fund Advisors LP raised its position in shares of BILL by 7.7% during the fourth 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 during the period. Coatue Management LLC acquired a new stake in shares of BILL during the fourth quarter worth $163,218,000. Vanguard Group Inc. raised its position 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 purchasing an additional 94,786 shares during the period. Contour Asset Management LLC acquired a new stake in shares of BILL during the fourth quarter worth $49,509,000. Finally, Victory Capital Management Inc. raised its position in shares of BILL by 23.4% during the fourth quarter. Victory Capital Management Inc. now owns 13,734 shares of the company’s stock worth $1,121,000 after purchasing an additional 2,604 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.
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.
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