Glynn Capital Management LLC Trims Position in BILL Holdings, Inc. (NYSE:BILL)

Glynn Capital Management LLC trimmed its holdings in BILL Holdings, Inc. (NYSE:BILL) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 140,288 shares of the company’s stock after selling 1,816 shares during the period. BILL accounts for approximately 2.1% of Glynn Capital Management LLC’s portfolio, making the stock its 18th largest position. Glynn Capital Management LLC owned about 0.13% of BILL worth $11,446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BILL. Sands Capital Management LLC purchased a new stake in shares of BILL in the third quarter valued at about $136,000. Signaturefd LLC increased its stake 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 acquiring an additional 157 shares during the period. EMC Capital Management acquired a new position in shares of BILL during the fourth quarter worth about $163,000. AtonRa Partners acquired a new position in shares of BILL during the third quarter worth about $201,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of BILL by 11.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company’s stock worth $209,000 after acquiring an additional 193 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Price Performance

Shares of BILL stock traded up $0.96 during trading hours on Wednesday, hitting $63.32. The company’s stock had a trading volume of 721,823 shares, compared to its average volume of 2,093,994. The business has a fifty day moving average of $64.23 and a 200-day moving average of $71.45. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of -57.76, a P/E/G ratio of 84.82 and a beta of 1.66. BILL Holdings, Inc. has a twelve month low of $51.94 and a twelve month high of $139.50. 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 (NYSE:BILL) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.26. The business had revenue of $318.50 million for the quarter, compared to the consensus estimate of $296.62 million. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. As a group, equities research analysts anticipate that BILL Holdings, Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

BILL has been the topic of a number of recent analyst reports. Piper Sandler dropped their price target on shares of BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of BILL in a research note on Friday, February 9th. Citigroup boosted their price target on shares of BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. BNP Paribas upgraded shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 target price on the stock in a research report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.57.

Insider Activity at BILL

In related news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 3.80% of the company’s stock.

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.