Securian Asset Management Inc. Invests $610,000 in BILL Holdings, Inc. (NYSE:BILL)

Securian Asset Management Inc. bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,198 shares of the company’s stock, valued at approximately $610,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Great Lakes Advisors LLC acquired a new stake in shares of BILL during the fourth quarter worth about $20,162,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of BILL by 12.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,084 shares of the company’s stock worth $2,125,000 after purchasing an additional 2,736 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of BILL by 472.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,283 shares of the company’s stock worth $278,000 after purchasing an additional 2,710 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in BILL in the 4th quarter valued at about $1,694,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in BILL in the 4th quarter valued at about $217,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Price Performance

Shares of NYSE:BILL opened at $46.40 on Monday. The business’s 50 day simple moving average is $71.32 and its 200-day simple moving average is $70.40. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of -4,639.50, 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 current ratio of 1.66 and a quick ratio of 1.66. BILL Holdings, Inc. has a 12 month low of $42.82 and a 12 month high of $100.19.

BILL (NYSE:BILL) last announced its quarterly earnings results 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 return on equity of 1.53% and a net margin of 5.90%. As a group, equities analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BILL shares. Piper Sandler restated an “overweight” rating and issued a $85.00 price target on shares of BILL in a research report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of BILL in a research report on Friday, February 7th. Oppenheimer dropped their price target on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research report on Thursday, January 16th. Finally, Mizuho boosted their price target on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.72.

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.