BILL Holdings, Inc. (NYSE:BILL) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 147.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,621 shares of the company’s stock after acquiring an additional 81,481 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of BILL worth $11,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the period. Fifth Third Bancorp purchased a new stake in shares of BILL during the fourth quarter valued at $27,000. Brooklyn Investment Group acquired a new position in shares of BILL in the 3rd quarter valued at $28,000. Finally, UMB Bank n.a. purchased a new position in BILL in the 4th quarter worth $35,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Trading Up 0.9 %

Shares of BILL stock opened at $53.23 on Tuesday. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $100.19. The company has a market cap of $5.43 billion, a price-to-earnings ratio of -5,322.60, a PEG ratio of 31.59 and a beta of 1.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a 50 day simple moving average of $81.89 and a 200-day simple moving average of $70.44.

BILL (NYSE:BILL) last posted 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%. On average, equities research analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company cut their price target on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Susquehanna lifted their price objective on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Canaccord Genuity Group reiterated a “buy” rating and issued a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. Finally, Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.72.

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.