IFM Investors Pty Ltd Has $1.26 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

IFM Investors Pty Ltd increased its holdings in BILL Holdings, Inc. (NYSE:BILL) by 4.2% in the first quarter, HoldingsChannel reports. The firm owned 18,378 shares of the company’s stock after purchasing an additional 748 shares during the period. IFM Investors Pty Ltd’s holdings in BILL were worth $1,263,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in BILL by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 9,881,532 shares of the company’s stock valued at $806,234,000 after purchasing an additional 162,428 shares during the last quarter. Lone Pine Capital LLC grew its stake in BILL by 39.7% in the 3rd quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock valued at $276,494,000 after buying an additional 723,151 shares during the last quarter. Coatue Management LLC bought a new position in BILL in the 4th quarter worth $163,218,000. Abdiel Capital Advisors LP lifted its position in BILL by 16.6% during the 4th quarter. Abdiel Capital Advisors LP now owns 1,711,392 shares of the company’s stock worth $139,632,000 after acquiring an additional 243,788 shares during the last quarter. Finally, Norges Bank bought a new stake in BILL during the fourth quarter valued at about $95,702,000. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Price Performance

Shares of BILL stock traded up $1.94 during trading hours on Friday, hitting $62.44. The company had a trading volume of 1,020,252 shares, compared to its average volume of 1,439,036. BILL Holdings, Inc. has a 12 month low of $51.94 and a 12 month high of $139.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The firm’s fifty day moving average is $64.26 and its 200 day moving average is $72.16. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of -57.81, a PEG ratio of 84.04 and a beta of 1.66.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.26. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. The business had revenue of $318.50 million for the quarter, compared to analyst estimates of $296.62 million. On average, sell-side analysts predict that BILL Holdings, Inc. will post 0.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BNP Paribas upgraded BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price objective on the stock in a research note on Wednesday, March 13th. Oppenheimer lifted their price target on BILL from $75.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a research report on Friday, February 9th. Wells Fargo & Company restated an “underweight” rating and issued a $60.00 price objective (down previously from $70.00) on shares of BILL in a research note on Monday, April 1st. Finally, Piper Sandler cut their target price on shares of BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.57.

Insider Activity

In other BILL news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80. Following the sale, the senior vice president now directly owns 5,093 shares of the company’s stock, valued at $332,776.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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.