Gateway Investment Advisers LLC Invests $1.83 Million in BILL Holdings, Inc. (NYSE:BILL)

Gateway Investment Advisers LLC bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,631 shares of the company's stock, valued at approximately $1,832,000.

A number of other hedge funds also recently added to or reduced their stakes in BILL. GAMMA Investing LLC grew its holdings in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after purchasing an additional 131 shares during the last quarter. Brooklyn Investment Group acquired a new stake in BILL in the 3rd quarter valued at about $28,000. Advisors Asset Management Inc. grew its stake in BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company's stock valued at $58,000 after acquiring an additional 259 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in BILL by 377.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company's stock valued at $68,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in BILL by 26.7% during the fourth quarter. Versant Capital Management Inc now owns 1,615 shares of the company's stock worth $137,000 after acquiring an additional 340 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BILL

In other news, SVP Germaine Cota sold 1,525 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares in the company, valued at approximately $417,090.52. This trade represents a 22.19 % decrease 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 779 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now directly owns 259 shares in the company, valued at $23,310. This trade represents a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,823 shares of company stock worth $218,887. Company insiders own 4.20% of the company's stock.

BILL Trading Up 0.8 %

NYSE:BILL traded up $0.74 on Friday, hitting $88.98. 1,783,539 shares of the stock were exchanged, compared to its average volume of 2,587,056. The stock has a market cap of $9.21 billion, a PE ratio of -269.63, a PEG ratio of 83.30 and a beta of 1.72. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $97.86. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average of $87.92 and a 200-day moving average of $65.30.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of BILL from $100.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday, January 6th. Susquehanna raised their price target on BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. KeyCorp upgraded BILL from a "sector weight" rating to an "overweight" rating and set a $115.00 price objective on the stock in a research report on Wednesday, December 18th. Mizuho increased their price objective on BILL from $64.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, Oppenheimer boosted their target price on shares of BILL from $70.00 to $83.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, BILL currently has a consensus rating of "Moderate Buy" and an average target price of $85.00.

BILL Company 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.