KLP Kapitalforvaltning AS Buys Shares of 20,600 BILL Holdings, Inc. (NYSE:BILL)

KLP Kapitalforvaltning AS purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,600 shares of the company’s stock, valued at approximately $1,745,000.

Other hedge funds have also recently modified their holdings of the company. Legato Capital Management LLC purchased a new stake in BILL in the 4th quarter worth approximately $828,000. Choreo LLC purchased a new stake in shares of BILL in the fourth quarter worth $409,000. Rhumbline Advisers raised its position in shares of BILL by 153.7% during the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock valued at $22,959,000 after purchasing an additional 164,182 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of BILL by 29.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company’s stock valued at $1,543,000 after buying an additional 4,248 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in BILL in the 4th quarter worth $919,000. Institutional investors own 97.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BILL. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Thursday, January 16th. KeyCorp lowered their target price on shares of BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. 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. Finally, Mizuho boosted their price target on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. One investment 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

BILL Stock Down 4.5 %

Shares of BILL stock opened at $46.28 on Friday. 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 capitalization of $4.72 billion, a PE ratio of -4,628.30, a P/E/G 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. The stock’s 50-day simple moving average is $64.03 and its 200-day simple moving average is $69.74.

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%. Equities analysts expect 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.