Canada Pension Plan Investment Board Sells 125,021 Shares of BILL Holdings, Inc. (NYSE:BILL)

Canada Pension Plan Investment Board reduced its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 34.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 233,300 shares of the company's stock after selling 125,021 shares during the period. Canada Pension Plan Investment Board owned approximately 0.23% of BILL worth $19,763,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HighTower Advisors LLC increased its stake in shares of BILL by 7.1% during the third quarter. HighTower Advisors LLC now owns 7,784 shares of the company's stock worth $411,000 after purchasing an additional 513 shares in the last quarter. Versant Capital Management Inc increased its stake 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. GAMMA Investing LLC boosted its stake in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after buying an additional 131 shares during the period. Everence Capital Management Inc. acquired a new position in BILL during the fourth quarter worth $264,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in BILL during the 4th quarter valued at about $239,000. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Trading Up 4.2 %

Shares of BILL stock traded up $1.73 during trading on Wednesday, reaching $42.57. 1,372,382 shares of the company were exchanged, compared to its average volume of 2,275,029. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of -4,257.00, a P/E/G ratio of 29.46 and a beta of 1.88. BILL Holdings, Inc. has a twelve month low of $36.55 and a twelve month high of $100.19. The business has a 50-day moving average price of $47.26 and a 200-day moving average price of $68.32. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. Sell-side analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on BILL shares. Oppenheimer lowered their price target on shares of BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Canaccord Genuity Group reissued a "buy" rating and issued a $105.00 target price on shares of BILL in a report on Friday, February 7th. Seaport Res Ptn cut BILL from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th. Susquehanna upped their target price on shares of BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of BILL in a report on Monday, March 17th. 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.94.

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.