GAMMA Investing LLC Purchases 56,414 Shares of BILL Holdings, Inc. (NYSE:BILL)

GAMMA Investing LLC grew its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 18,435.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 56,720 shares of the company’s stock after acquiring an additional 56,414 shares during the quarter. GAMMA Investing LLC’s holdings in BILL were worth $2,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in shares of BILL during the 4th quarter valued at approximately $30,000. Global Retirement Partners LLC boosted its position in shares of BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after acquiring an additional 377 shares during the last quarter. Coppell Advisory Solutions LLC boosted its position in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock valued at $32,000 after acquiring an additional 247 shares during the last quarter. GeoWealth Management LLC bought a new position in shares of BILL during the 4th quarter valued at approximately $32,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of BILL during the 4th quarter valued at approximately $39,000. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Performance

Shares of BILL stock opened at $43.99 on Friday. The firm has a market cap of $4.53 billion, a P/E ratio of -4,399.00, a P/E/G ratio of 29.46 and a beta of 1.36. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The stock’s fifty day moving average price is $44.20 and its 200-day moving average price is $62.75.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. BILL had a return on equity of 1.53% and a net margin of 5.90%. The company had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BILL. Piper Sandler lowered their price target on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Needham & Company LLC lowered their price target on BILL from $100.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group lowered their price target on BILL from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price target on BILL from $77.00 to $54.00 and set a “market perform” rating for the company in a research report on Monday, March 31st. Finally, Canaccord Genuity Group lowered their price target on BILL from $105.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, BILL has an average rating of “Moderate Buy” and a consensus target price of $62.75.

Insider Activity at BILL

In other BILL news, SVP Germaine Cota sold 1,718 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the sale, the senior vice president now owns 9,512 shares of the company’s stock, valued at approximately $404,735.60. This trade represents a 15.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by corporate insiders.

BILL 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.