16,877 Shares in BILL Holdings, Inc. (NYSE:BILL) Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,877 shares of the company’s stock, valued at approximately $1,430,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legato Capital Management LLC purchased a new position in BILL during the fourth quarter worth about $828,000. Choreo LLC purchased a new position in shares of BILL in the 4th quarter worth about $409,000. Rhumbline Advisers boosted its holdings in shares of BILL by 153.7% in the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock worth $22,959,000 after purchasing an additional 164,182 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of BILL by 29.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company’s stock worth $1,543,000 after purchasing an additional 4,248 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of BILL in the 4th quarter worth about $919,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BILL has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their price objective on BILL from $77.00 to $54.00 and set a “market perform” rating for the company in a report on Monday, March 31st. Wells Fargo & Company cut their price objective on BILL from $43.00 to $40.00 and set an “underweight” rating for the company in a report on Friday, May 9th. Canaccord Genuity Group cut their price objective on BILL from $105.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday. Oppenheimer boosted their target price on BILL from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Finally, UBS Group boosted their target price on BILL from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.67.

BILL Trading Up 0.8%

BILL opened at $47.75 on Wednesday. The business has a 50 day simple moving average of $44.65 and a two-hundred day simple moving average of $67.28. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of -4,775.00, a PEG ratio of 29.46 and a beta of 1.44. 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 one year low of $36.55 and a one year high of $100.19.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The business had revenue of $358.22 million during the quarter, compared to analyst estimates of $355.85 million. BILL had a return on equity of 1.53% and a net margin of 5.90%. BILL’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. 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.