28,901 Shares in BILL Holdings, Inc. (NYSE:BILL) Bought by Vestor Capital LLC

Vestor Capital LLC bought a new position in BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, HoldingsChannel reports. The firm bought 28,901 shares of the company’s stock, valued at approximately $2,448,000.

A number of other large investors also recently modified their holdings of BILL. Abdiel Capital Advisors LP raised its position in BILL by 48.2% in the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after buying an additional 1,666,316 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after buying an additional 279,256 shares during the last quarter. Bank of New York Mellon Corp raised its position in BILL by 51.5% in the 4th quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock valued at $68,413,000 after buying an additional 274,701 shares during the last quarter. Two Sigma Advisers LP raised its position in BILL by 87.0% in the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after buying an additional 321,400 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in BILL by 5,201.3% in the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after buying an additional 384,217 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors.

BILL Trading Down 0.1 %

Shares of BILL opened at $47.90 on Friday. The business has a 50-day moving average of $67.69 and a 200 day moving average of $69.94. BILL Holdings, Inc. has a fifty-two week low of $42.82 and a fifty-two week high of $100.19. The firm has a market cap of $4.88 billion, a P/E ratio of -4,790.10, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66.

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%. As a group, research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

BILL has been the subject of a number of analyst reports. Piper Sandler reissued an “overweight” rating and issued a $85.00 price target on shares of BILL in a research report on Friday, February 7th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research report on Thursday, January 16th. Oppenheimer lowered their price target on BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Monday, March 17th. Finally, Robert W. Baird raised their target price on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.89.

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.