CANADA LIFE ASSURANCE Co Raises Stake in BILL Holdings, Inc. (NYSE:BILL)

CANADA LIFE ASSURANCE Co increased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 31.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,359 shares of the company's stock after buying an additional 36,017 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.15% of BILL worth $12,808,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC raised its position in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after purchasing an additional 173 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of BILL in the 4th quarter valued at about $27,000. Global Retirement Partners LLC grew its position in shares of BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock worth $32,000 after buying an additional 377 shares in the last quarter. Finally, UMB Bank n.a. purchased a new stake in shares of BILL during the fourth quarter worth approximately $35,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on BILL. Robert W. Baird lowered their price target on shares of BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Susquehanna upped their price objective on BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $105.00 price target on shares of BILL in a report on Friday, February 7th. The Goldman Sachs Group cut their price target on shares of BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company reduced their price objective on BILL from $57.00 to $43.00 and set an "underweight" rating for the company in a research note on Tuesday. One 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.94.

BILL Price Performance

BILL stock traded up $2.26 during trading hours on Thursday, hitting $44.83. The stock had a trading volume of 1,588,449 shares, compared to its average volume of 2,279,465. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of -4,483.00, a PEG ratio of 29.46 and a beta of 1.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The stock's fifty day moving average is $46.92 and its two-hundred day moving average is $68.14.

BILL (NYSE:BILL - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share 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, analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.