BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 96.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,263 shares of the company’s stock after selling 147,019 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in BILL were worth $446,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares during the period. Crewe Advisors LLC lifted its stake 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 purchasing an additional 173 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of BILL by 4.0% during the fourth quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock worth $451,000 after purchasing an additional 207 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of BILL by 30.8% during the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after purchasing an additional 259 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of BILL in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

BILL has been the subject of several research analyst reports. The Goldman Sachs Group lowered their price objective on BILL from $104.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a report on Monday, March 17th. Robert W. Baird increased their price objective on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods decreased their price target on BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Finally, KeyCorp decreased their price target on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.89.

BILL Price Performance

Shares of BILL stock opened at $47.90 on Friday. BILL Holdings, Inc. has a 12-month low of $42.82 and a 12-month high of $100.19. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of -4,790.10, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average of $67.69 and a 200-day moving average of $70.06.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. On average, equities research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

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.