Canada Pension Plan Investment Board Has $15.31 Million Position in BILL Holdings, Inc. (NYSE:BILL)

Canada Pension Plan Investment Board lifted its stake in BILL Holdings, Inc. (NYSE:BILL) by 223.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 290,900 shares of the company’s stock after acquiring an additional 201,100 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.27% of BILL worth $15,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coatue Management LLC bought a new stake in BILL in the fourth quarter worth approximately $163,218,000. Kodai Capital Management LP bought a new stake in BILL in the first quarter worth $59,341,000. Contour Asset Management LLC acquired a new position in BILL during the fourth quarter worth $49,509,000. Dimensional Fund Advisors LP raised its holdings in BILL by 70.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock valued at $73,049,000 after buying an additional 575,084 shares in the last quarter. Finally, Gotham Asset Management LLC raised its holdings in BILL by 14,421.8% during the fourth quarter. Gotham Asset Management LLC now owns 508,408 shares of the company’s stock valued at $41,481,000 after buying an additional 504,907 shares in the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Price Performance

Shares of BILL stock opened at $52.63 on Tuesday. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $118.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $5.59 billion, a P/E ratio of -66.62 and a beta of 1.61. The firm’s 50-day simple moving average is $51.29 and its 200-day simple moving average is $55.48.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. The company had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. As a group, research analysts expect that BILL Holdings, Inc. will post -0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BILL. Oppenheimer lowered their price objective on BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Robert W. Baird dropped their price target on shares of BILL from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Wolfe Research downgraded shares of BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods dropped their target price on shares of BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, August 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $70.24.

Insider Activity

In other news, CEO Rene A. Lacerte purchased 42,248 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the acquisition, the chief executive officer now directly owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BILL news, CFO John R. Rettig bought 21,124 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were bought at an average price of $49.40 per share, for a total transaction of $1,043,525.60. Following the completion of the acquisition, the chief financial officer now owns 80,474 shares of the company’s stock, valued at $3,975,415.60. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rene A. Lacerte purchased 42,248 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the completion of the acquisition, the chief executive officer now directly owns 184,249 shares of the company’s stock, valued at $9,138,750.40. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 68,372 shares of company stock worth $3,404,826. Corporate insiders own 3.80% 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.