GSA Capital Partners LLP Grows Position in BILL Holdings, Inc. (NYSE:BILL)

GSA Capital Partners LLP increased its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 97.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,342 shares of the company's stock after purchasing an additional 6,103 shares during the quarter. GSA Capital Partners LLP's holdings in BILL were worth $651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Abdiel Capital Advisors LP raised its stake in shares of BILL by 46.4% during the second quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company's stock valued at $181,793,000 after acquiring an additional 1,095,396 shares during the last quarter. Kodai Capital Management LP bought a new position in BILL during the first quarter valued at approximately $59,341,000. Dimensional Fund Advisors LP boosted its stake in shares of BILL by 70.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company's stock worth $73,049,000 after buying an additional 575,084 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company's stock valued at $20,083,000 after purchasing an additional 284,935 shares during the period. Finally, Clearline Capital LP boosted its stake in shares of BILL by 201.6% during the 2nd quarter. Clearline Capital LP now owns 344,751 shares of the company's stock worth $18,141,000 after acquiring an additional 230,435 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group lowered their price objective on BILL from $85.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Canaccord Genuity Group reissued a "buy" rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, August 23rd. BNP Paribas upgraded shares of BILL from a "neutral" rating to an "outperform" rating and set a $90.00 target price on the stock in a research report on Thursday, September 12th. Wells Fargo & Company dropped their price target on BILL from $60.00 to $45.00 and set an "underweight" rating for the company in a research report on Tuesday, August 20th. Finally, Robert W. Baird upped their price objective on BILL from $62.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, BILL has an average rating of "Hold" and an average price target of $74.65.

Insider Activity

In related news, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the transaction, the director now owns 1,038 shares in the company, valued at $59,685. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Jacobs bought 5,000 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of $53.16 per share, with a total value of $265,800.00. Following the purchase, the director now directly owns 9,559 shares of the company's stock, valued at approximately $508,156.44. This trade represents a 109.67 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 68,372 shares of company stock worth $3,404,826 and have sold 6,112 shares worth $398,910. Insiders own 4.20% of the company's stock.

BILL Price Performance

NYSE:BILL traded up $1.45 during trading hours on Tuesday, hitting $86.09. 1,422,557 shares of the stock were exchanged, compared to its average volume of 1,929,104. The firm's fifty day moving average price is $59.32 and its 200 day moving average price is $54.55. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $91.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.11. The business had revenue of $343.67 million for the quarter, compared to the consensus estimate of $328.27 million. BILL had a net margin of 0.59% and a return on equity of 1.54%. The business's revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. On average, equities analysts expect that BILL Holdings, Inc. will post -0.18 EPS for the current year.

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.