Algert Global LLC Boosts Holdings in BILL Holdings, Inc. (NYSE:BILL)

Algert Global LLC raised its position in BILL Holdings, Inc. (NYSE:BILL) by 11.9% in the 3rd quarter, Holdings Channel reports. The firm owned 68,818 shares of the company’s stock after buying an additional 7,300 shares during the quarter. Algert Global LLC’s holdings in BILL were worth $3,631,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BILL. UniSuper Management Pty Ltd increased its stake in BILL by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after acquiring an additional 700 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after purchasing an additional 282 shares during the last quarter. Levin Capital Strategies L.P. purchased a new stake in BILL in the first quarter valued at approximately $275,000. Plato Investment Management Ltd bought a new stake in BILL during the first quarter valued at approximately $367,000. Finally, DekaBank Deutsche Girozentrale grew its stake in BILL by 4.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock worth $449,000 after buying an additional 257 shares in the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BILL

In other BILL news, Director Alison Wagonfeld sold 519 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the transaction, the director now owns 1,038 shares in the company, valued at approximately $59,685. This represents a 33.33 % 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 2,486 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.73, for a total transaction of $136,058.78. Following the sale, the insider now owns 7,812 shares in the company, valued at approximately $427,550.76. This trade represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,112 shares of company stock worth $398,910 over the last quarter. Corporate insiders own 4.20% of the company’s stock.

BILL Price Performance

BILL opened at $93.72 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $9.70 billion, a PE ratio of -284.00 and a beta of 1.59. The stock’s 50 day moving average price is $63.10 and its 200-day moving average price is $55.70. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $94.28.

Analyst Upgrades and Downgrades

BILL has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price objective on shares of BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a report on Monday, August 26th. Wolfe Research lowered BILL from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 1st. Mizuho reduced their price objective on BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. Canaccord Genuity Group restated a “buy” rating and issued a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.65.

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.