Alberta Investment Management Corp Invests $7.77 Million in BILL Holdings, Inc. (NYSE:BILL)

Alberta Investment Management Corp bought a new position in BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 91,760 shares of the company’s stock, valued at approximately $7,773,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its holdings 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 valued at $32,000 after buying an additional 377 shares in the last quarter. New York State Common Retirement Fund increased 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 acquiring an additional 81,481 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of BILL by 75.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,265 shares of the company’s stock worth $192,000 after acquiring an additional 975 shares during the last quarter. Truist Financial Corp acquired a new position in shares of BILL in the fourth quarter worth $203,000. Finally, CIBC Asset Management Inc bought a new stake in BILL in the fourth quarter worth $277,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BILL shares. Wells Fargo & Company decreased 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. Robert W. Baird upped their price objective on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Thursday, January 16th. Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 price target on shares of BILL in a report on Friday, February 7th. Finally, Susquehanna raised their price target on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.72.

BILL Trading Down 3.5 %

Shares of BILL stock opened at $57.94 on Thursday. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $100.19. The company has a market capitalization of $5.91 billion, a P/E ratio of -5,794.40, a P/E/G ratio of 33.43 and a beta of 1.76. The firm has a 50-day moving average price of $83.95 and a 200 day moving average price of $70.07. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. Research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

About BILL

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.