Ieq Capital LLC Lowers Stock Position in Bill.com Holdings, Inc. (NYSE:BILL)

Ieq Capital LLC reduced its stake in shares of Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,403 shares of the company’s stock after selling 341 shares during the period. Ieq Capital LLC’s holdings in Bill.com were worth $1,377,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Raymond James & Associates raised its stake in Bill.com by 3.8% during the 1st quarter. Raymond James & Associates now owns 8,301 shares of the company’s stock valued at $1,883,000 after purchasing an additional 306 shares during the period. MetLife Investment Management LLC bought a new stake in Bill.com during the 1st quarter valued at approximately $1,371,000. Panagora Asset Management Inc. bought a new stake in Bill.com during the 1st quarter valued at approximately $569,000. Yousif Capital Management LLC raised its stake in Bill.com by 20.4% during the 1st quarter. Yousif Capital Management LLC now owns 1,417 shares of the company’s stock valued at $321,000 after purchasing an additional 240 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Bill.com by 31.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 133,171 shares of the company’s stock valued at $30,208,000 after purchasing an additional 31,949 shares during the period. 95.80% of the stock is owned by hedge funds and other institutional investors.

Bill.com Price Performance

NYSE BILL opened at $108.66 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market capitalization of $11.48 billion, a PE ratio of -33.85 and a beta of 1.96. Bill.com Holdings, Inc. has a 12 month low of $89.87 and a 12 month high of $262.17. The company’s 50 day simple moving average is $110.09 and its 200 day simple moving average is $128.69.

Bill.com (NYSE:BILL – Get Rating) last released its earnings results on Thursday, November 3rd. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.05). The firm had revenue of $229.92 million for the quarter, compared to analyst estimates of $210.26 million. Bill.com had a negative return on equity of 5.45% and a negative net margin of 44.29%. As a group, equities research analysts forecast that Bill.com Holdings, Inc. will post -2.38 EPS for the current fiscal year.

Insider Activity

In other Bill.com news, Director Steven Cakebread sold 20,000 shares of the stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $113.44, for a total value of $2,268,800.00. Following the sale, the director now directly owns 953 shares in the company, valued at $108,108.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Bill.com news, CFO John R. Rettig sold 6,008 shares of Bill.com stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $104.10, for a total value of $625,432.80. Following the completion of the sale, the chief financial officer now owns 24,625 shares in the company, valued at approximately $2,563,462.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Cakebread sold 20,000 shares of Bill.com stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $113.44, for a total transaction of $2,268,800.00. Following the sale, the director now directly owns 953 shares in the company, valued at $108,108.32. The disclosure for this sale can be found here. Insiders have sold 72,119 shares of company stock valued at $8,139,482 over the last three months. 5.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wolfe Research decreased their target price on Bill.com from $190.00 to $150.00 in a research note on Thursday, January 5th. Mizuho initiated coverage on Bill.com in a research note on Tuesday, January 10th. They issued a “neutral” rating and a $105.00 price objective on the stock. Wells Fargo & Company cut their target price on Bill.com from $195.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, January 9th. KeyCorp dropped their price objective on Bill.com from $175.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, January 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Bill.com from $200.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Bill.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.86.

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. 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.