Bill.com Holdings, Inc. (NYSE:BILL) Shares Sold by Victory Capital Management Inc.

Defense World · Aug 5, 2022 17:41

Victory Capital Management Inc. trimmed its position in Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) by 9.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,726 shares of the company's stock after selling 11,131 shares during the quarter. Victory Capital Management Inc.'s holdings in Bill.com were worth $20,992,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. AlphaCentric Advisors LLC bought a new position in Bill.com during the fourth quarter worth $34,000. CWM LLC lifted its stake in Bill.com by 540.6% during the first quarter. CWM LLC now owns 205 shares of the company's stock worth $46,000 after purchasing an additional 173 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Bill.com by 69.3% during the fourth quarter. Quadrant Capital Group LLC now owns 215 shares of the company's stock worth $54,000 after purchasing an additional 88 shares during the last quarter. Pacer Advisors Inc. bought a new position in Bill.com during the fourth quarter worth $62,000. Finally, Quent Capital LLC bought a new position in Bill.com during the fourth quarter worth $76,000. 99.01% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on BILL. KeyCorp reduced their price objective on Bill.com from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, July 7th. BTIG Research cut their target price on Bill.com from $375.00 to $300.00 in a research note on Friday, May 6th. JPMorgan Chase & Co. began coverage on Bill.com in a research note on Friday, May 20th. They issued an "overweight" rating and a $140.00 target price on the stock. Oppenheimer reiterated an "outperform" rating and issued a $150.00 target price on shares of Bill.com in a research note on Wednesday, July 27th. Finally, Wolfe Research cut their target price on Bill.com from $190.00 to $180.00 in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $229.05.

Bill.com Trading Down 1.4 %

Shares of BILL opened at $141.44 on Friday. The business's 50-day moving average price is $123.70 and its 200 day moving average price is $166.63. The stock has a market capitalization of $14.75 billion, a P/E ratio of -48.94 and a beta of 2.26. Bill.com Holdings, Inc. has a 1-year low of $89.87 and a 1-year high of $348.49. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15.

Bill.com (NYSE:BILL – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.61) by ($0.01). Bill.com had a negative return on equity of 5.05% and a negative net margin of 54.96%. The company had revenue of $166.90 million during the quarter, compared to analysts' expectations of $157.90 million. During the same period in the prior year, the business posted ($0.15) EPS. The company's revenue for the quarter was up 179.4% compared to the same quarter last year. Analysts expect that Bill.com Holdings, Inc. will post -2.3 earnings per share for the current year.

Insiders Place Their Bets

In other Bill.com news, General Counsel Rajesh A. Aji sold 802 shares of the firm's stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $119.86, for a total transaction of $96,127.72. Following the completion of the sale, the general counsel now directly owns 4,793 shares in the company, valued at approximately $574,488.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Bill.com news, General Counsel Rajesh A. Aji sold 802 shares of the firm's stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $119.86, for a total transaction of $96,127.72. Following the completion of the sale, the general counsel now directly owns 4,793 shares in the company, valued at approximately $574,488.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bora Chung sold 938 shares of the firm's stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $124.84, for a total value of $117,099.92. Following the sale, the insider now owns 2,806 shares of the company's stock, valued at $350,301.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,942 shares of company stock worth $5,823,789. 5.70% of the stock is currently owned by company insiders.

Bill.com Company Profile

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Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.

Bill.com Holdings, Inc. (NYSE:BILL) Shares Sold by Victory Capital Management Inc.

Wall Street Analyst Weigh In

Bill.com Trading Down 1.4 %

Insiders Place Their Bets

Bill.com Company Profile

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