Taylor Frigon Capital Management LLC Sells 5,080 Shares of BILL Holdings, Inc. (NYSE:BILL)

Taylor Frigon Capital Management LLC lowered its stake in BILL Holdings, Inc. (NYSE:BILL) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,456 shares of the company’s stock after selling 5,080 shares during the quarter. BILL accounts for 1.3% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 23rd largest position. Taylor Frigon Capital Management LLC’s holdings in BILL were worth $2,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BILL. Vanguard Group Inc. boosted its stake in shares of BILL by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock worth $685,573,000 after buying an additional 94,786 shares during the last quarter. Algert Global LLC grew its stake in shares of BILL by 602.3% during the 2nd quarter. Algert Global LLC now owns 61,518 shares of the company’s stock valued at $3,237,000 after purchasing an additional 52,758 shares during the period. SG Americas Securities LLC increased its position in shares of BILL by 826.5% during the 2nd quarter. SG Americas Securities LLC now owns 41,043 shares of the company’s stock valued at $2,160,000 after purchasing an additional 36,613 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in BILL by 8,529.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,660 shares of the company’s stock valued at $1,488,000 after buying an additional 21,409 shares during the last quarter. Finally, Versor Investments LP increased its stake in shares of BILL by 264.8% in the 2nd quarter. Versor Investments LP now owns 15,688 shares of the company’s stock worth $826,000 after purchasing an additional 11,387 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Price Performance

BILL stock traded up $0.06 during trading on Thursday, hitting $55.37. 161,814 shares of the company’s stock traded hands, compared to its average volume of 1,906,429. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $101.00. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of -70.00 and a beta of 1.61. The business has a fifty day simple moving average of $53.27 and a 200 day simple moving average of $53.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The firm had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. During the same quarter last year, the firm earned $0.10 EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, research analysts expect that BILL Holdings, Inc. will post -0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BILL. UBS Group cut their price target on BILL from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Susquehanna reiterated a “positive” rating and set a $100.00 price objective on shares of BILL in a research note on Monday, August 19th. The Goldman Sachs Group lifted their price target on shares of BILL from $54.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Evercore ISI decreased their price objective on shares of BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a research report on Friday, August 23rd. Finally, Wells Fargo & Company lowered their target price on shares of BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.71.

Insider Activity

In related news, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the sale, the director now directly owns 1,038 shares in the company, valued at $59,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Germaine Cota sold 803 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $54.75, for a total transaction of $43,964.25. Following the completion of the transaction, the senior vice president now owns 6,861 shares in the company, valued at $375,639.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the sale, the director now owns 1,038 shares in the company, valued at approximately $59,685. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 68,372 shares of company stock valued at $3,404,826 and have sold 3,808 shares valued at $209,866. Corporate 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.