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

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 531.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 152,282 shares of the company’s stock after purchasing an additional 128,148 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.15% of BILL worth $8,034,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of BILL by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock valued at $685,573,000 after purchasing an additional 94,786 shares during the period. Abdiel Capital Advisors LP increased its holdings in BILL by 46.4% in the second quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company’s stock valued at $181,793,000 after buying an additional 1,095,396 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of BILL by 70.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after acquiring an additional 575,084 shares during the period. Kodai Capital Management LP purchased a new stake in shares of BILL during the 1st quarter worth about $59,341,000. Finally, Marshall Wace LLP grew its position in shares of BILL by 13.9% during the 2nd quarter. Marshall Wace LLP now owns 635,937 shares of the company’s stock valued at $33,463,000 after acquiring an additional 77,508 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Trading Up 1.7 %

BILL opened at $91.51 on Friday. The business’s 50 day moving average price is $62.24 and its 200 day moving average price is $55.47. 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 $9.47 billion, a PE ratio of -277.30 and a beta of 1.59. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $92.16.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The business had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. BILL had a return on equity of 1.54% and a net margin of 0.59%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. As a group, equities research analysts expect that BILL Holdings, Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

BILL has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Robert W. Baird upped their price objective on shares of BILL from $62.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Friday, August 23rd. Wolfe Research cut BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st. Finally, BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.65.

Insider Buying and Selling at BILL

In other BILL news, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the sale, the director now owns 259 shares of the company’s stock, valued at $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 68,372 shares of company stock valued at $3,404,826 and have sold 6,112 shares valued at $398,910. 4.20% of the stock is currently owned by corporate insiders.

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.