21,631 Shares in BILL Holdings, Inc. (NYSE:BILL) Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,631 shares of the company’s stock, valued at approximately $1,832,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Aigen Investment Management LP boosted its holdings in BILL by 612.3% during the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock worth $2,931,000 after buying an additional 47,761 shares in the last quarter. WoodTrust Financial Corp purchased a new stake in BILL during the third quarter worth $422,000. WCM Investment Management LLC raised its position in BILL by 26.4% during the third quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock worth $15,647,000 after acquiring an additional 61,471 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in BILL during the third quarter worth $820,000. Finally, Algert Global LLC raised its position in BILL by 602.3% during the second quarter. Algert Global LLC now owns 61,518 shares of the company’s stock worth $3,237,000 after acquiring an additional 52,758 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Alison Wagonfeld sold 519 shares of the firm’s 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 completion of the transaction, the director now owns 1,038 shares of the company’s stock, valued at approximately $59,685. This trade represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,823 shares of company stock valued at $218,887 over the last 90 days. 4.20% of the stock is owned by company insiders.

BILL Trading Up 0.8 %

Shares of BILL stock opened at $88.98 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $9.21 billion, a PE ratio of -269.63, a price-to-earnings-growth ratio of 83.30 and a beta of 1.72. The company has a 50-day moving average of $87.68 and a two-hundred day moving average of $65.05. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $97.86.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BILL shares. Piper Sandler upped their price objective on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Morgan Stanley upgraded shares of 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. The Goldman Sachs Group upgraded shares of BILL from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $96.00 to $104.00 in a research report on Thursday, January 9th. Robert W. Baird increased their target price on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Susquehanna increased their target price on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

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.