According to the most recent document that Assenagon Asset Management S.A. submitted to the Securities and Exchange Commission (SEC), the company recently acquired a new stake in Bill.com Holdings, Inc. (NYSE: BILL). The investment fund purchased 1,697 shares of the company’s stock at approximately $225,000.
Recently, several other institutional investors and hedge funds made adjustments to the positions that they held in BILL. These adjustments were made in response to recent events. During the first three months of the year, Raymond James & Associates increased its ownership of Bill.com by purchasing an additional 3.8% of its shares. After making a new purchase of 306 shares during the most recent quarter, Raymond James & Associates now has a total of 8,301 shares, valued at $1,883,000. This brings the total number of shares the company currently owns to 8,301. MetLife Investment Management LLC increased its shareholding in Bill.com during the first quarter, bringing the total investment the company has made to approximately $1,371,000 at the end of the period. As part of an effort to broaden its holdings, Panagora Asset Management Inc. made an additional purchase of approximately 569,000 shares of Bill.com during the first quarter. Yousif Capital Management LLC increased its ownership of Bill.com by 20.4% during the first three months of the year by purchasing additional shares. After purchasing an additional 240 shares during the most recent quarter, Yousif Capital Management LLC now has a total investment of $321,000 in the company, bringing the total number of shares of its stock to 1,417, with each share having a value of $321,000. And finally, during the first three months of this year, Dimensional Fund Advisors L.P. made a 31.6% increase in the amount of Bill.com stock that it held, bringing the total to a higher percentage than before. Dimensional Fund Advisors LP is now the direct owner of 133,171 shares after purchasing an additional 31,949 in the most recent quarter. The value of these 133,171 shares of the company is $30,208,000. At the moment, financial institutions control 95.80% of the equity in the company.
On November 10, Bill.com director Steven Cakebread sold 20,000 of the company’s shares, bringing the total number of shares he has sold to 40,000. This is just one piece of news regarding Bill.com. For $113.44 per share, a total of $2,268.900.00 worth of the stock was traded, resulting in cash accumulation. The average price per share was $113.44. Because of the transaction, the director now owns 953 shares of the company. Based on the current stock price, these shares are worth approximately $108,108.32. The information regarding the sale was included in a document submitted to the Securities and Exchange Commission; the document can be viewed by following the link provided in the previous sentence. On November 10, Bill.com director Steven Cakebread sold 20,000 of the company’s shares, bringing the total number of shares he has sold to 40,000. This is just one piece of news regarding Bill.com. For $113.44 per share, a total of $2,268.900.00 worth of the stock was traded, resulting in cash accumulation.
The average price per share was $113.44. The director is now the proud owner of 953 shares of the company, which at the moment have a market value of approximately $108,108.32. This is a direct result of the transaction that took place. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction. In addition, on January 5, John R. Rettig, who serves as the company’s Chief Financial Officer, sold a total of 6,008 of the company’s shares of stock. In the market, a total of $605,606.40 worth of shares were sold at an average price of $100.80 per share, resulting in a transaction volume of $100,80. Following the completion of the transaction, the chief financial officer will have a total of 26,658 company shares, each of which will have a value of approximately $2,687,126.40. The disclosure about the purchase can be found in this particular location. Recently, insiders sold 72,119 shares of company stock for a total value of $8,139,482. Insiders control 5.0% of the total number of outstanding shares in the company, which were sold for a total value of $8,139,482.
BILL stock officially started trading for the first time on Thursday for $103.58 per share. The company has a price-to-earnings ratio of -32.27, resulting in a market value of $10.95 billion. 1.96 is the value assigned to the beta for the company. Over the previous year, Bill.com Holdings, Inc. experienced a range of prices that ranged from a high of $262.17 to a low of $262.17. The ratio of debt to equity is 0.44; the ratio of current assets to total assets is also 1.89; and the ratio of quick assets to current assets is also 1.89. The simple moving average for the last fifty days on this stock is $111.52, and the simple moving average for the last 200 days is $129.39.
On November 3, shareholders of Bill.com, Inc. (NYSE: BILL) were given access to the company’s most recent quarterly earnings report. The company reported earnings of $0.55 per share for the period under review, which was $0.05 below the consensus analyst projection of $0.50 per share for the period in question. When Bill.com was evaluated, it had a return on equity of 5.45% and a negative net margin of 44.29%. The company’s most recent quarter’s revenue came in at $229.92 million, which is significantly higher than the consensus expectation of $210.26 million, which analysts set. Sell-side analysts have projected that Bill.com Holdings, Inc. will have earnings of -2.39 dollars per share for the current fiscal year. This information comes from the company’s quarterly report.
Academics have conducted many studies on Bill, making him the focus of several different inquiries. In a research report distributed on Friday, November 4, Morgan Stanley lowered their price objective for Bill.com from $220.00 to $200.00. The report was about the company’s stock. The rating of “overweight” for the stock has not changed at the company. Keefe, Bruyette, and Woods announced that they would lower their price objective for Bill.com from $269.00 to $225.00 in a report published on October 10. On January 10, Mizuho released a report that served as the inaugural piece of the company’s coverage on Bill.com. They gave the company a ” neutral rating,” and they decided that the price objective should be $105.00. Goldman Sachs Group reaffirmed their “buy” rating on Bill.com in a research report published on Monday, January 9. At the same time, the firm decreased its price objective for the stock from $158.00 to $120.00. The research did take into account this piece of information. Finally, Wells Fargo & Co. decreased their price objective on Bill.com from $195.00 to $180.00 while maintaining their “overweight” rating. The research was published on Monday, January 9. The stock was given a rating of “buy” by all thirteen of the analysts polled, while only one gave it a rating of “hold.” The information that Bloomberg.com provided indicates that the current rating for the company is “Moderate Buy,” and the price target that the majority of analysts have determined is $180.62.
The efforts of Bill.com Holdings, Inc., a software company that runs in the cloud, have simplified, digitized, and automated the back-office financial processes of small and medium businesses worldwide. These improvements have been made possible thanks to the cloud computing platform. Businesses can take advantage of the company’s software-as-a-service offerings, cloud-based payment systems, and spend management technologies. These technologies enable companies to engage in business-related interactions with their customers and/or suppliers, eliminate the need for expense reports, keep an eye on cash flow, and boost office productivity.