Healthcare of Ontario Pension Plan Trust Fund Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 26,300 shares of the company’s stock, valued at approximately $1,388,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Aigen Investment Management LP lifted its position in BILL by 612.3% in the 3rd quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock worth $2,931,000 after buying an additional 47,761 shares in the last quarter. WoodTrust Financial Corp acquired a new stake in BILL during the third quarter valued at $422,000. WCM Investment Management LLC grew its stake in BILL by 26.4% in the third quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after purchasing an additional 61,471 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in BILL in the third quarter valued at about $820,000. Finally, Algert Global LLC increased its position in BILL by 602.3% in the 2nd quarter. Algert Global LLC now owns 61,518 shares of the company’s stock worth $3,237,000 after purchasing an additional 52,758 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BILL shares. Mizuho reduced their price target on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. UBS Group cut their price objective on shares of BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Thursday, September 12th. Robert W. Baird lifted their price objective on shares of BILL from $62.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets cut their target price on BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, BILL currently has an average rating of “Hold” and an average target price of $75.78.

BILL Price Performance

Shares of BILL stock opened at $90.22 on Monday. The firm has a fifty day moving average price of $66.13 and a two-hundred day moving average price of $56.61. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $94.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market cap of $9.34 billion, a PE ratio of -273.39 and a beta of 1.59.

Insider Activity at BILL

In other news, SVP Germaine Cota sold 1,525 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the transaction, the senior vice president now owns 5,348 shares in the company, valued at approximately $417,090.52. This represents a 22.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now owns 259 shares in the company, valued at approximately $23,310. This trade represents a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,823 shares of company stock worth $218,887. Company 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.