River Global Investors LLP Raises Stake in BILL Holdings, Inc. (NYSE:BILL)

River Global Investors LLP grew its position in BILL Holdings, Inc. (NYSE:BILL) by 32.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,608 shares of the company’s stock after buying an additional 3,063 shares during the period. River Global Investors LLP’s holdings in BILL were worth $1,028,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new position in BILL in the fourth quarter worth about $5,038,000. Carnegie Capital Asset Management LLC raised its holdings in BILL by 105.7% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 79,770 shares of the company’s stock worth $6,508,000 after buying an additional 40,997 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new position in BILL in the fourth quarter worth about $312,000. Blair William & Co. IL raised its holdings in BILL by 18.1% in the third quarter. Blair William & Co. IL now owns 54,710 shares of the company’s stock worth $5,940,000 after buying an additional 8,372 shares during the last quarter. Finally, Rheos Capital Works Inc. raised its holdings in BILL by 15.6% in the fourth quarter. Rheos Capital Works Inc. now owns 229,500 shares of the company’s stock worth $18,725,000 after buying an additional 31,000 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Price Performance

Shares of NYSE BILL traded down $6.72 during midday trading on Friday, reaching $56.58. The stock had a trading volume of 7,372,979 shares, compared to its average volume of 1,547,327. The stock has a 50-day moving average of $64.16 and a 200-day moving average of $70.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of -71.62, a price-to-earnings-growth ratio of 76.15 and a beta of 1.68. BILL Holdings, Inc. has a 12-month low of $51.94 and a 12-month high of $139.50.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. As a group, research analysts anticipate that BILL Holdings, Inc. will post 0.04 EPS for the current fiscal year.

Insider Transactions at BILL

In related news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the transaction, the senior vice president now owns 5,093 shares in the company, valued at $332,776.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

BILL has been the subject of several recent analyst reports. Citigroup lifted their target price on shares of BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of BILL in a research note on Friday. Piper Sandler reduced their price target on shares of BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Oppenheimer lifted their price target on shares of BILL from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $99.62.

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.