Taylor Frigon Capital Management LLC Buys 118 Shares of Bill.com Holdings, Inc. (NYSE:BILL)

Taylor Frigon Capital Management LLC boosted its stake in Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,643 shares of the company’s stock after purchasing an additional 118 shares during the period. Bill.com makes up approximately 1.5% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 21st largest position. Taylor Frigon Capital Management LLC’s holdings in Bill.com were worth $2,865,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BILL. Raymond James & Associates raised its holdings in Bill.com by 3.8% in the 1st quarter. Raymond James & Associates now owns 8,301 shares of the company’s stock worth $1,883,000 after purchasing an additional 306 shares during the period. MetLife Investment Management LLC bought a new position in Bill.com in the 1st quarter worth $1,371,000. Panagora Asset Management Inc. bought a new position in Bill.com in the 1st quarter worth $569,000. Yousif Capital Management LLC raised its holdings in Bill.com by 20.4% in the 1st quarter. Yousif Capital Management LLC now owns 1,417 shares of the company’s stock worth $321,000 after purchasing an additional 240 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Bill.com by 31.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 133,171 shares of the company’s stock worth $30,208,000 after purchasing an additional 31,949 shares during the period. Institutional investors own 95.80% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 379 shares of the stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $113.99, for a total value of $43,202.21. Following the sale, the senior vice president now owns 810 shares of the company’s stock, valued at $92,331.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO John R. Rettig sold 6,008 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $100.80, for a total transaction of $605,606.40. Following the completion of the sale, the chief financial officer now directly owns 26,658 shares of the company’s stock, valued at approximately $2,687,126.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Germaine Cota sold 379 shares of the business’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $113.99, for a total value of $43,202.21. Following the transaction, the senior vice president now owns 810 shares of the company’s stock, valued at approximately $92,331.90. The disclosure for this sale can be found here. Insiders 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 company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on BILL. BMO Capital Markets decreased their price target on Bill.com from $180.00 to $158.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. Susquehanna decreased their price target on Bill.com from $140.00 to $120.00 and set a “positive” rating on the stock in a report on Friday, September 30th. Morgan Stanley decreased their price target on Bill.com from $220.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, November 4th. Deutsche Bank Aktiengesellschaft decreased their price target on Bill.com from $200.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, KeyCorp decreased their price target on Bill.com from $175.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, January 20th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $175.86.

Bill.com Trading Down 6.3 %

BILL traded down $6.86 on Wednesday, hitting $101.80. The company had a trading volume of 457,666 shares, compared to its average volume of 1,787,904. The business’s fifty day simple moving average is $110.09 and its 200 day simple moving average is $128.69. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.44. Bill.com Holdings, Inc. has a 12-month low of $89.87 and a 12-month high of $262.17. The company has a market cap of $10.76 billion, a PE ratio of -31.45 and a beta of 1.97.

Bill.com (NYSE:BILL – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.05). The company had revenue of $229.92 million during the quarter, compared to the consensus estimate of $210.26 million. Bill.com had a negative net margin of 44.29% and a negative return on equity of 5.45%. Equities research analysts expect that Bill.com Holdings, Inc. will post -2.38 EPS for the current year.

Bill.com Company Profile

(Get Rating)

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.