Summit Investment Advisors Inc. Takes $1.61 Million Position in BILL Holdings, Inc. (NYSE:BILL)

Summit Investment Advisors Inc. acquired a new position in BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,048 shares of the company’s stock, valued at approximately $1,614,000.

Several other large investors have also recently bought and sold shares of BILL. Groupama Asset Managment raised its holdings 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 during the last quarter. Geode Capital Management LLC grew its position in shares of BILL by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company’s stock worth $137,528,000 after buying an additional 119,711 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of BILL by 112.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company’s stock worth $136,421,000 after buying an additional 852,863 shares during the last quarter. Invesco Ltd. lifted its holdings in BILL by 828.1% in the fourth quarter. Invesco Ltd. now owns 1,301,720 shares of the company’s stock valued at $110,269,000 after buying an additional 1,161,457 shares during the period. Finally, Norges Bank bought a new position in BILL in the fourth quarter valued at approximately $99,906,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on BILL shares. Susquehanna upped their target price on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Piper Sandler dropped their price objective on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Wells Fargo & Company reduced their target price on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of BILL in a research note on Monday, March 17th. Finally, KeyCorp cut their price target on shares of BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.39.

BILL Stock Up 2.5 %

Shares of BILL stock opened at $42.21 on Wednesday. The firm has a market cap of $4.30 billion, a PE ratio of -4,221.30, a P/E/G ratio of 29.46 and a beta of 1.88. The business’s 50 day simple moving average is $49.42 and its 200 day simple moving average is $68.74. 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 Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19.

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