West Tower Group LLC Buys Shares of 4,000 BILL Holdings, Inc. (NYSE:BILL)

West Tower Group LLC bought a new stake in BILL Holdings, Inc. (NYSE:BILL) during the third quarter, HoldingsChannel.com reports. The firm bought 4,000 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BILL. Covestor Ltd grew its holdings in shares of BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after purchasing an additional 249 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of BILL by 4.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock worth $449,000 after purchasing an additional 257 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of BILL by 30.8% during the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after purchasing an additional 259 shares during the last quarter. Institute for Wealth Management LLC. grew its holdings in shares of BILL by 4.4% during the second quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock worth $404,000 after purchasing an additional 322 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of BILL by 1.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 39,855 shares of the company’s stock worth $2,103,000 after purchasing an additional 658 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BILL shares. UBS Group reduced their price target on BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Keefe, Bruyette & Woods cut their price objective on BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, August 23rd. BMO Capital Markets cut their price objective on BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a research note on Monday, August 26th. Evercore ISI cut their price objective on BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a research note on Friday, August 23rd. Finally, BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.65.

Insider Buying and Selling

In related news, insider Rajesh A. Aji sold 2,486 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $54.73, for a total value of $136,058.78. Following the completion of the sale, the insider now directly owns 7,812 shares of the company’s stock, valued at approximately $427,550.76. This represents a 24.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Germaine Cota sold 803 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the completion of the sale, the senior vice president now directly owns 6,861 shares of the company’s stock, valued at $375,639.75. The trade was a 10.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,112 shares of company stock worth $398,910 in the last ninety days. Corporate insiders own 4.20% of the company’s stock.

BILL Price Performance

Shares of BILL opened at $93.72 on Tuesday. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $94.28. The business’s fifty day moving average is $63.10 and its 200 day moving average is $55.70. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock has a market cap of $9.70 billion, a P/E ratio of -284.00 and a beta of 1.59.

BILL Profile

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.