BILL Holdings, Inc. (NYSE:BILL) Stake Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in BILL Holdings, Inc. (NYSE:BILLFree Report) by 8.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 91,693 shares of the company’s stock after buying an additional 7,476 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in BILL were worth $6,828,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sands Capital Management LLC bought a new stake in BILL in the 3rd quarter valued at about $136,000. Principal Securities Inc. bought a new stake in shares of BILL during the fourth quarter valued at approximately $138,000. Signaturefd LLC boosted its position in shares of BILL by 13.7% during the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock worth $141,000 after buying an additional 157 shares during the period. EMC Capital Management bought a new position in BILL in the 4th quarter worth approximately $163,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in BILL by 11.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company’s stock valued at $209,000 after acquiring an additional 193 shares during the period. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Performance

Shares of NYSE:BILL opened at $59.28 on Friday. The firm has a 50 day simple moving average of $62.86 and a 200 day simple moving average of $68.00. BILL Holdings, Inc. has a 52 week low of $51.94 and a 52 week high of $139.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63.

Analyst Upgrades and Downgrades

BILL has been the subject of a number of analyst reports. Robert W. Baird reduced their price target on BILL from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Mizuho decreased their target price on shares of BILL from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Jefferies Financial Group dropped their price target on shares of BILL from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. BNP Paribas raised shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target for the company in a research note on Wednesday, March 13th. Finally, William Blair reiterated a “market perform” rating on shares of BILL in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.35.

View Our Latest Stock Analysis on BILL

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the sale, the senior vice president now owns 5,093 shares of the company’s stock, valued at $332,776.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.80% of the company’s stock.

About BILL

(Free Report)

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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Institutional Ownership by Quarter for BILL (NYSE:BILL)

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