Blair William & Co. IL Increases Holdings in BILL Holdings, Inc. (NYSE:BILL)

Blair William & Co. IL increased its stake in BILL Holdings, Inc. (NYSE:BILL) by 19.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 128,018 shares of the company’s stock after buying an additional 20,769 shares during the quarter. Blair William & Co. IL owned 0.12% of BILL worth $10,844,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Abdiel Capital Advisors LP raised its stake in shares of BILL by 48.2% in the third 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 period. Principal Financial Group Inc. increased its holdings in BILL by 5,201.3% in the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock worth $33,173,000 after acquiring an additional 384,217 shares during the last quarter. Two Sigma Advisers LP raised its stake 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 acquiring an additional 321,400 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in BILL by 51.5% during the fourth quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock worth $68,413,000 after purchasing an additional 274,701 shares during the period. Institutional investors own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BILL shares. The Goldman Sachs Group lowered their price target on shares of BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company dropped their target price on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $105.00 price target on shares of BILL in a report on Friday, February 7th. Mizuho boosted their price objective on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Piper Sandler restated an “overweight” rating and issued a $85.00 target price on shares of BILL in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

BILL Stock Down 4.5 %

BILL opened at $46.28 on Friday. 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 business’s fifty day simple moving average is $64.03 and its 200 day simple moving average is $69.86. BILL Holdings, Inc. has a 52 week low of $42.82 and a 52 week high of $100.19. The stock has a market cap 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.

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