Chicago Partners Investment Group LLC Purchases 7,465 Shares of BILL Holdings, Inc. (NYSE:BILL)

Key Points

• Chicago Partners Investment Group LLC increased its stake in BILL Holdings, Inc. by 39.9%, now owning 26,170 shares valued at approximately $1.22 million.
• Several institutional investors significantly boosted their holdings in BILL, with Invesco Ltd. increasing its stake by an astonishing 828.1% in the fourth quarter.
• BILL has received mixed ratings from analysts, with an average target price of $62.10, and one analyst rating the stock as a sell while twelve issued buy ratings.

Chicago Partners Investment Group LLC grew its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 39.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 26,170 shares of the company's stock after buying an additional 7,465 shares during the period. Chicago Partners Investment Group LLC's holdings in BILL were worth $1,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of BILL by 10.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock worth $1,091,019,000 after purchasing an additional 1,241,432 shares during the period. Greenhouse Funds LLLP grew its stake in shares of BILL by 0.8% during the fourth quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company's stock worth $118,307,000 after purchasing an additional 11,002 shares during the period. Invesco Ltd. grew its stake in shares of BILL by 828.1% during the fourth quarter. Invesco Ltd. now owns 1,301,720 shares of the company's stock worth $110,269,000 after purchasing an additional 1,161,457 shares during the period. Frontier Capital Management Co. LLC grew its stake in BILL by 86.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,145,931 shares of the company's stock valued at $97,072,000 after acquiring an additional 532,726 shares during the period. Finally, Two Sigma Advisers LP grew its stake in BILL by 61.0% in the fourth quarter. Two Sigma Advisers LP now owns 1,112,500 shares of the company's stock valued at $94,240,000 after acquiring an additional 421,700 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BILL

In other BILL news, insider Rajesh A. Aji sold 1,780 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the sale, the insider owned 9,298 shares in the company, valued at $420,734.50. This represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Germaine Cota sold 1,718 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the sale, the senior vice president owned 9,512 shares in the company, valued at $404,735.60. This represents a 15.30% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

BILL Stock Performance

NYSE:BILL traded down $0.11 on Tuesday, hitting $39.01. The company's stock had a trading volume of 4,442,055 shares, compared to its average volume of 2,572,916. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average of $44.78 and a two-hundred day moving average of $49.60. The firm has a market capitalization of $4.02 billion, a P/E ratio of -325.06, a price-to-earnings-growth ratio of 11.54 and a beta of 1.35. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BILL. Truist Financial boosted their target price on BILL from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. UBS Group boosted their target price on BILL from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Seaport Res Ptn cut BILL from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. Citigroup decreased their target price on BILL from $88.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Finally, BTIG Research began coverage on BILL in a research note on Wednesday, April 30th. They issued a "buy" rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, BILL currently has an average rating of "Moderate Buy" and an average price target of $62.10.

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.