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

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,300 shares of the company’s stock, valued at approximately $1,388,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BILL. Bridgewater Associates LP grew its holdings in shares of BILL by 504.0% during the third quarter. Bridgewater Associates LP now owns 127,721 shares of the company’s stock valued at $6,739,000 after purchasing an additional 106,576 shares during the last quarter. Brooklyn Investment Group acquired a new position in BILL during the 3rd quarter valued at approximately $28,000. The Manufacturers Life Insurance Company grew its stake in BILL by 2.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 60,090 shares of the company’s stock worth $3,170,000 after buying an additional 1,342 shares during the last quarter. West Tower Group LLC acquired a new stake in BILL in the third quarter worth $211,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in BILL in the third quarter valued at $820,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Stock Up 0.5 %

BILL stock opened at $90.22 on Monday. The firm has a market cap of $9.34 billion, a PE ratio of -273.39 and a beta of 1.59. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month 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 firm has a 50 day simple moving average of $66.13 and a 200 day simple moving average of $56.61.

Insider Buying and Selling at BILL

In other BILL news, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was 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. The trade was a 75.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. The trade was 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 sold 2,823 shares of company stock valued at $218,887. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BILL shares. Mizuho lowered their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. BMO Capital Markets decreased their target price on shares of BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research report on Monday, August 26th. Susquehanna reaffirmed a “positive” rating and set a $100.00 price target on shares of BILL in a report on Monday, August 19th. BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Thursday, September 12th. Finally, Robert W. Baird lifted their target price on BILL from $62.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BILL presently has a consensus rating of “Hold” and a consensus price target of $75.78.

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.