Amalgamated Bank Has $3.90 Million Holdings in BILL Holdings, Inc. (NYSE:BILL)

Amalgamated Bank raised its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 698.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,035 shares of the company’s stock after purchasing an additional 40,266 shares during the period. Amalgamated Bank’s holdings in BILL were worth $3,900,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BILL. DekaBank Deutsche Girozentrale acquired a new position in BILL in the third quarter worth approximately $358,000. Chicago Partners Investment Group LLC grew its position in BILL by 27.5% in the third quarter. Chicago Partners Investment Group LLC now owns 14,457 shares of the company’s stock worth $800,000 after acquiring an additional 3,122 shares in the last quarter. WoodTrust Financial Corp acquired a new position in shares of BILL during the 3rd quarter worth $422,000. Covestor Ltd raised its holdings in shares of BILL by 15.1% during the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after purchasing an additional 249 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of BILL by 1.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 39,855 shares of the company’s stock valued at $2,103,000 after purchasing an additional 658 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on BILL shares. Oppenheimer lowered their target price on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Susquehanna raised their price objective on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Mizuho boosted their target price on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Piper Sandler reiterated an “overweight” rating and set a $85.00 price target on shares of BILL in a report on Friday, February 7th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.72.

BILL Stock Up 1.6 %

BILL stock opened at $55.22 on Friday. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $100.19. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a market cap of $5.63 billion, a PE ratio of -5,521.50, a price-to-earnings-growth ratio of 29.46 and a beta of 1.76. The business’s 50-day simple moving average is $79.25 and its 200 day simple moving average is $70.32.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. On average, research analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

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.