BILL Holdings, Inc. (NYSE:BILL) Shares Bought by Amalgamated Bank

Amalgamated Bank increased its position in BILL Holdings, Inc. (NYSE:BILL) by 698.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,035 shares of the company’s stock after acquiring an additional 40,266 shares during the period. Amalgamated Bank’s holdings in BILL were worth $3,900,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BILL. Bank of New York Mellon Corp increased its stake in shares of BILL by 51.5% in the fourth quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock valued at $68,413,000 after purchasing an additional 274,701 shares during the period. IFP Advisors Inc increased its position in BILL by 237.9% in the 4th quarter. IFP Advisors Inc now owns 1,115 shares of the company’s stock valued at $94,000 after acquiring an additional 785 shares during the period. Alberta Investment Management Corp acquired a new position in BILL during the 4th quarter worth $7,773,000. Global Retirement Partners LLC grew its stake in shares of 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 purchasing an additional 377 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of BILL by 147.8% in the fourth quarter. New York State Common Retirement Fund now owns 136,621 shares of the company’s stock worth $11,573,000 after purchasing an additional 81,481 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Susquehanna upped their price target on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Oppenheimer lowered their price objective on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Mizuho boosted their target price on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Keefe, Bruyette & Woods decreased their price target on BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.72.

BILL Stock Performance

Shares of BILL opened at $55.22 on Friday. The company has a 50-day moving average of $79.25 and a two-hundred day moving average of $70.32. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of -5,521.50, a PEG ratio of 29.46 and a beta of 1.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $100.19.

BILL (NYSE:BILL) last posted 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%. On average, equities research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL 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.