Iron Gate Global Advisors LLC Buys Shares of 29,756 BILL Holdings, Inc. (NYSE:BILL)

Iron Gate Global Advisors LLC acquired a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,756 shares of the company's stock, valued at approximately $2,721,000. BILL comprises 0.4% of Iron Gate Global Advisors LLC's holdings, making the stock its 26th largest position.

A number of other large investors also recently made changes to their positions in BILL. GAMMA Investing LLC grew its holdings in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after purchasing an additional 131 shares during the period. Crewe Advisors LLC increased its position in shares of BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after acquiring 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 $27,000. Global Retirement Partners LLC lifted its holdings in shares of BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after acquiring an additional 377 shares in the last quarter. Finally, UMB Bank n.a. purchased a new stake in BILL during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 97.99% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BILL. Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of BILL in a report on Monday, March 17th. Oppenheimer cut their price objective on BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods decreased their price target on shares of BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a report on Monday, March 31st. Mizuho dropped their target price on BILL from $70.00 to $53.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company dropped their price target on shares of BILL from $65.00 to $57.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $71.72.

BILL Stock Down 2.9 %

BILL stock traded down $1.18 during midday trading on Monday, reaching $39.43. The company had a trading volume of 502,287 shares, compared to its average volume of 2,273,939. The company has a market capitalization of $4.02 billion, a P/E ratio of -3,943.00, a PEG ratio of 29.46 and a beta of 1.88. BILL Holdings, Inc. has a 1 year low of $36.55 and a 1 year high of $100.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $48.09 and a two-hundred day moving average of $68.62.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data 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%. On average, equities research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal 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.