Iridian Asset Management LLC CT Increases Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Iridian Asset Management LLC CT increased its holdings in BILL Holdings, Inc. (NYSE:BILL) by 26.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,668 shares of the company’s stock after buying an additional 62,499 shares during the period. BILL comprises about 3.3% of Iridian Asset Management LLC CT’s holdings, making the stock its 13th largest position. Iridian Asset Management LLC CT owned about 0.28% of BILL worth $15,547,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BILL. Principal Financial Group Inc. grew its holdings in BILL by 32.7% during the 1st quarter. Principal Financial Group Inc. now owns 8,562 shares of the company’s stock valued at $588,000 after buying an additional 2,109 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of BILL by 79.1% during the first quarter. Commonwealth Equity Services LLC now owns 8,992 shares of the company’s stock valued at $618,000 after acquiring an additional 3,972 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in BILL during the 1st quarter worth about $3,207,000. FORA Capital LLC acquired a new position in BILL in the 1st quarter valued at about $2,656,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in BILL by 8,529.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,660 shares of the company’s stock valued at $1,488,000 after purchasing an additional 21,409 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BILL. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a research report on Friday, August 23rd. JPMorgan Chase & Co. cut their price target on BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. BMO Capital Markets reduced their price target on BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a research note on Monday, August 26th. The Goldman Sachs Group lifted their price objective on BILL from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Susquehanna reiterated a “positive” rating and set a $100.00 target price on shares of BILL in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $70.71.

BILL Stock Performance

Shares of BILL stock opened at $57.22 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22. The company has a market cap of $5.92 billion, a PE ratio of -72.43 and a beta of 1.61. The company’s fifty day simple moving average is $53.87 and its 200-day simple moving average is $53.48. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $93.16.

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

Insider Buying and Selling at BILL

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

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.