BILL Holdings, Inc. (NYSE:BILL) Shares Bought by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT boosted its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 104.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,849 shares of the company's stock after purchasing an additional 56,144 shares during the quarter. BILL comprises about 1.6% of Iridian Asset Management LLC CT's holdings, making the stock its 20th biggest position. Iridian Asset Management LLC CT owned 0.11% of BILL worth $5,041,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coppell Advisory Solutions LLC grew its holdings in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after purchasing an additional 247 shares during the period. CoreCap Advisors LLC purchased a new position in shares of BILL during the 4th quarter valued at $30,000. Arizona State Retirement System raised its position in shares of BILL by 1.3% in the fourth quarter. Arizona State Retirement System now owns 29,414 shares of the company's stock worth $2,492,000 after buying an additional 380 shares in the last quarter. GeoWealth Management LLC purchased a new position in shares of BILL during the fourth quarter worth about $32,000. Finally, AXA S.A. lifted its position in BILL by 0.5% during the fourth quarter. AXA S.A. now owns 81,690 shares of the company's stock valued at $6,920,000 after purchasing an additional 429 shares during the last quarter. Institutional investors own 97.99% of the company's stock.

BILL Stock Performance

Shares of NYSE:BILL traded down $1.61 during midday trading on Friday, hitting $44.78. The company had a trading volume of 1,488,425 shares, compared to its average volume of 2,355,299. The company has a fifty day moving average of $45.33 and a two-hundred day moving average of $56.56. The company has a market cap of $4.61 billion, a price-to-earnings ratio of -373.14, a PEG ratio of 10.15 and a beta of 1.35. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month high of $100.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69.

BILL (NYSE:BILL - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. BILL had a net margin of 2.70% and a return on equity of 1.21%. The firm had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company's quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. The Goldman Sachs Group reduced their target price on BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Truist Financial began coverage on shares of BILL in a research note on Monday, June 2nd. They issued a "hold" rating and a $47.00 price objective for the company. Canaccord Genuity Group decreased their target price on shares of BILL from $105.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley lowered BILL from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $60.00 to $55.00 in a research note on Wednesday, June 11th. Finally, Mizuho dropped their price target on BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, BILL has an average rating of "Moderate Buy" and a consensus price target of $62.75.

Insider Buying and Selling at BILL

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

BILL Company 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.