Prescott Group Capital Management L.L.C. Buys New Shares in BILL Holdings, Inc. (NYSE:BILL)

Prescott Group Capital Management L.L.C. purchased a new position in BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $1,694,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BILL. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of BILL during the fourth quarter worth about $217,000. Arizona State Retirement System boosted its stake in BILL by 1.3% in the 4th quarter. Arizona State Retirement System now owns 29,414 shares of the company’s stock worth $2,492,000 after purchasing an additional 380 shares during the period. M&T Bank Corp grew its holdings in BILL by 20.2% during the 4th quarter. M&T Bank Corp now owns 7,949 shares of the company’s stock valued at $674,000 after buying an additional 1,334 shares in the last quarter. Atria Investments Inc bought a new stake in shares of BILL during the fourth quarter valued at approximately $313,000. Finally, Assetmark Inc. purchased a new position in shares of BILL in the fourth quarter worth $942,000. 97.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on BILL. Robert W. Baird raised their target price on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Mizuho raised their price objective on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Canaccord Genuity Group reiterated a “buy” rating and issued a $105.00 target price on shares of BILL in a research report on Friday, February 7th. Susquehanna raised their price target on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods decreased their price objective on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, BILL presently has an average rating of “Moderate Buy” and a consensus target price of $81.72.

BILL Stock Performance

BILL stock opened at $47.61 on Friday. 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 capitalization of $4.85 billion, a P/E ratio of -4,761.10, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $100.19. The company’s 50-day moving average is $76.17 and its 200 day moving average is $70.36.

BILL (NYSE:BILL) last issued its quarterly earnings results 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%. Research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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.