US Bancorp DE Sells 1,098 Shares of BILL Holdings, Inc. (NYSE:BILL)

US Bancorp DE trimmed its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 20.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,307 shares of the company’s stock after selling 1,098 shares during the quarter. US Bancorp DE’s holdings in BILL were worth $198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bayforest Capital Ltd boosted its holdings in shares of BILL by 265.4% in the first quarter. Bayforest Capital Ltd now owns 6,164 shares of the company’s stock worth $283,000 after acquiring an additional 4,477 shares during the period. Federated Hermes Inc. boosted its holdings in shares of BILL by 26.5% in the first quarter. Federated Hermes Inc. now owns 663,971 shares of the company’s stock worth $30,470,000 after acquiring an additional 138,913 shares during the period. Fiera Capital Corp boosted its holdings in shares of BILL by 124.8% in the first quarter. Fiera Capital Corp now owns 634,430 shares of the company’s stock worth $29,114,000 after acquiring an additional 352,220 shares during the period. Mackenzie Financial Corp bought a new position in shares of BILL in the first quarter worth $456,000. Finally, LPL Financial LLC boosted its holdings in shares of BILL by 35.6% in the first quarter. LPL Financial LLC now owns 87,491 shares of the company’s stock worth $4,015,000 after acquiring an additional 22,958 shares during the period. 97.99% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Germaine Cota sold 1,718 shares of BILL stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $42.55, for a total value of $73,100.90. Following the transaction, the senior vice president owned 9,512 shares in the company, valued at approximately $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the transaction, the insider owned 9,298 shares in the company, valued at approximately $420,734.50. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on BILL shares. UBS Group raised their price target on BILL from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Oppenheimer lifted their price objective on BILL from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Truist Financial lifted their price objective on BILL from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. BTIG Research assumed coverage on BILL in a research note on Wednesday, April 30th. They set a “buy” rating and a $60.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on BILL in a research note on Thursday, July 17th. They set a “hold” rating and a $49.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.10.

BILL Stock Up 2.3%

BILL opened at $40.40 on Friday. The company has a market cap of $4.16 billion, a P/E ratio of -336.64, a P/E/G ratio of 8.73 and a beta of 1.35. The business’s 50-day moving average price is $44.33 and its 200-day moving average price is $48.71. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19.

About BILL

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.