Natixis Makes New $18.46 Million Investment in BILL Holdings, Inc. (NYSE:BILL)

Natixis acquired a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 217,878 shares of the company’s stock, valued at approximately $18,456,000. Natixis owned about 0.21% of BILL at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC grew its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC grew its holdings in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp purchased a new stake in shares of BILL during the 4th quarter worth about $27,000. Global Retirement Partners LLC increased its position in BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after purchasing an additional 377 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new position in BILL in the fourth quarter valued at approximately $32,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BILL shares. Keefe, Bruyette & Woods dropped their price objective on shares of BILL from $77.00 to $54.00 and set a “market perform” rating for the company in a research report on Monday, March 31st. KeyCorp cut their price objective on BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Wells Fargo & Company decreased their target price on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Seaport Res Ptn downgraded BILL from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, The Goldman Sachs Group reduced their price target on BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $71.72.

BILL Stock Performance

BILL stock opened at $40.63 on Friday. The stock’s 50 day simple moving average is $48.09 and its 200 day simple moving average is $68.51. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month high of $100.19. The firm has a market cap of $4.14 billion, a P/E ratio of -4,063.40, a P/E/G ratio of 29.46 and a beta of 1.88. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL) last issued its earnings results 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 year.

BILL Company 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.