Swiss National Bank Acquires 2,500 Shares of BILL Holdings, Inc. (NYSE:BILL)

Swiss National Bank increased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,400 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Swiss National Bank owned 0.19% of BILL worth $16,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BILL. Abdiel Capital Advisors LP lifted its holdings in shares of BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after purchasing an additional 1,666,316 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of BILL by 5,201.3% during the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after purchasing an additional 384,217 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of BILL by 87.0% during the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after purchasing an additional 321,400 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 acquiring an additional 279,256 shares during the last quarter. Finally, Bank of New York Mellon Corp increased 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 valued at $68,413,000 after acquiring an additional 274,701 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on BILL. KeyCorp reduced their price objective on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday. Susquehanna upped their price objective on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their price objective on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Robert W. Baird upped their price objective on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods reduced their price objective on BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.89.

BILL Stock Performance

NYSE BILL opened at $46.98 on Wednesday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of -4,697.90, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. 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 has a 50-day moving average price of $69.77 and a 200-day moving average price of $70.29. BILL Holdings, Inc. has a twelve month low of $42.82 and a twelve month high of $100.19.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 research analysts predict that BILL Holdings, Inc. will post 0.12 EPS 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.