BILL Holdings, Inc. (NYSE:BILL) Position Boosted by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT boosted its position in BILL Holdings, Inc. (NYSE:BILL) by 26.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 294,668 shares of the company’s stock after buying an additional 62,499 shares during the period. BILL accounts for approximately 3.3% of Iridian Asset Management LLC CT’s holdings, making the stock its 13th biggest holding. Iridian Asset Management LLC CT’s holdings in BILL were worth $15,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Abdiel Capital Advisors LP lifted its position in shares of BILL by 46.4% in the 2nd quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company’s stock worth $181,793,000 after buying an additional 1,095,396 shares during the last quarter. Kodai Capital Management LP bought a new position in BILL in the first quarter worth about $59,341,000. Dimensional Fund Advisors LP boosted its stake in BILL by 70.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock valued at $73,049,000 after acquiring an additional 575,084 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of BILL by 297.7% during the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after purchasing an additional 284,935 shares during the last quarter. Finally, Clearline Capital LP grew its holdings in shares of BILL by 201.6% during the second quarter. Clearline Capital LP now owns 344,751 shares of the company’s stock valued at $18,141,000 after purchasing an additional 230,435 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Trading Up 0.9 %

Shares of BILL stock opened at $57.22 on Thursday. The stock has a 50-day simple moving average of $53.87 and a 200 day simple moving average of $53.48. The stock has a market capitalization of $5.92 billion, a P/E ratio of -72.43 and a beta of 1.61. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $93.16. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The company had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, sell-side analysts expect that BILL Holdings, Inc. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BILL. UBS Group reduced their price objective on BILL from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Mizuho lowered their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. Wells Fargo & Company dropped their price objective on shares of BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. JPMorgan Chase & Co. reduced their target price on shares of BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, August 20th. Finally, Susquehanna restated a “positive” rating and issued a $100.00 price target on shares of BILL in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $70.71.

Insiders Place Their Bets

In other news, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the completion of the sale, the director now directly owns 1,038 shares of the company’s stock, valued at $59,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the completion of the sale, the director now directly owns 1,038 shares of the company’s stock, valued at $59,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John R. Rettig purchased 21,124 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $49.40 per share, for a total transaction of $1,043,525.60. Following the purchase, the chief financial officer now directly owns 80,474 shares in the company, valued at $3,975,415.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 68,372 shares of company stock worth $3,404,826 and have sold 3,808 shares worth $209,866. 3.80% of the stock is currently owned by company insiders.

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.