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

Alberta Investment Management Corp purchased a new stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 91,760 shares of the company's stock, valued at approximately $7,773,000. Alberta Investment Management Corp owned about 0.09% of BILL at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of BILL by 1,167.5% during the 3rd quarter. Blue Trust Inc. now owns 1,914 shares of the company's stock worth $101,000 after acquiring an additional 1,763 shares in the last quarter. Tempus Wealth Planning LLC acquired a new stake in BILL in the 3rd quarter worth approximately $245,000. Lecap Asset Management Ltd. lifted its holdings in BILL by 2.9% in the 3rd quarter. Lecap Asset Management Ltd. now owns 51,376 shares of the company's stock worth $2,711,000 after purchasing an additional 1,462 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in BILL by 297.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company's stock worth $20,083,000 after purchasing an additional 284,935 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in BILL in the 3rd quarter worth approximately $358,000. 97.99% of the stock is owned by institutional investors.

BILL Price Performance

Shares of BILL stock traded down $3.96 during trading hours on Friday, hitting $52.57. 2,772,376 shares of the company's stock were exchanged, compared to its average volume of 3,507,441. The stock's 50-day moving average is $83.28 and its 200-day moving average is $69.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of -5,265.50, a price-to-earnings-growth ratio of 32.38 and a beta of 1.76. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last posted 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%. As a group, research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

BILL has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and issued a $100.00 target price on shares of BILL in a report on Friday, February 7th. Morgan Stanley upgraded BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 target price for the company in a report on Thursday, January 16th. KeyCorp cut their price target on BILL from $115.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, February 7th. Robert W. Baird upped their price target on BILL from $74.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $105.00 price target on shares of BILL in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.72.

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.