Alberta Investment Management Corp Purchases Shares of 91,760 BILL Holdings, Inc. (NYSE:BILL)

Alberta Investment Management Corp purchased a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 91,760 shares of the company’s stock, valued at approximately $7,773,000. Alberta Investment Management Corp owned 0.09% of BILL as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC raised its holdings in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of BILL during the 4th quarter worth approximately $27,000. Global Retirement Partners LLC lifted its position in BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after buying an additional 377 shares during the last quarter. Finally, UMB Bank n.a. bought a new stake in BILL in the fourth quarter worth $35,000. 97.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BILL. Susquehanna increased their target price on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. KeyCorp cut their price target on BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $105.00 price objective on shares of BILL in a research report on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price objective on shares of BILL in a research report on Friday, February 7th. Finally, Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.72.

BILL Price Performance

BILL stock opened at $57.94 on Thursday. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $100.19. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of -5,794.40, a price-to-earnings-growth ratio of 33.43 and a beta of 1.76. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $83.95 and its 200-day simple moving average is $70.07.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. Equities research analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL Company 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.