BILL Holdings, Inc. (NYSE:BILL) Shares Acquired by Fred Alger Management LLC

Fred Alger Management LLC increased its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 65.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 49,272 shares of the company's stock after purchasing an additional 19,544 shares during the period. Fred Alger Management LLC's holdings in BILL were worth $4,174,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BILL. GAMMA Investing LLC increased its stake in BILL by 74.9% during the 4th 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. Crewe Advisors LLC increased its position in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after acquiring an additional 173 shares during the period. Fifth Third Bancorp purchased a new stake in shares of BILL during the fourth quarter worth $27,000. CoreCap Advisors LLC acquired a new stake in shares of BILL in the fourth quarter valued at $30,000. Finally, Global Retirement Partners LLC boosted its holdings in BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 97.99% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on BILL. Robert W. Baird reduced their price target on BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Needham & Company LLC reduced their target price on shares of BILL from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Friday. Seaport Res Ptn downgraded shares of BILL from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. UBS Group increased their price objective on shares of BILL from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Friday. Finally, Mizuho decreased their price objective on shares of BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.67.

BILL Stock Performance

Shares of BILL stock traded up $0.38 during trading on Tuesday, reaching $47.75. The company's stock had a trading volume of 2,306,271 shares, compared to its average volume of 2,279,230. The firm has a market cap of $4.87 billion, a PE ratio of -4,775.00, a P/E/G ratio of 29.46 and a beta of 1.44. The company has a 50-day moving average price of $44.65 and a two-hundred day moving average price of $67.42. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.13. BILL had a return on equity of 1.53% and a net margin of 5.90%. The company had revenue of $358.22 million during the quarter, compared to analysts' expectations of $355.85 million. During the same period last year, the firm earned $0.60 EPS. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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.