CANADA LIFE ASSURANCE Co Purchases 36,017 Shares of BILL Holdings, Inc. (NYSE:BILL)

CANADA LIFE ASSURANCE Co boosted its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 31.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,359 shares of the company’s stock after acquiring an additional 36,017 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.15% of BILL worth $12,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Groupama Asset Managment increased its stake in BILL by 162.8% during the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock worth $478,611,000 after purchasing an additional 3,500,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of BILL by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company’s stock worth $137,528,000 after acquiring an additional 119,711 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in BILL by 112.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company’s stock valued at $136,421,000 after acquiring an additional 852,863 shares in the last quarter. Invesco Ltd. boosted its stake in BILL by 828.1% in the 4th quarter. Invesco Ltd. now owns 1,301,720 shares of the company’s stock worth $110,269,000 after purchasing an additional 1,161,457 shares during the period. Finally, Norges Bank bought a new position in BILL during the 4th quarter worth about $99,906,000. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Performance

Shares of NYSE BILL opened at $40.63 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of -4,063.40, a P/E/G ratio of 29.46 and a beta of 1.88. The stock’s fifty day moving average price is $48.09 and its two-hundred day moving average price is $68.62. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. On average, equities analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

BILL has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 price objective on shares of BILL in a research report on Friday, February 7th. Seaport Res Ptn downgraded shares of BILL from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Oppenheimer cut their price target 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of BILL in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.72.

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.