Quantinno Capital Management LP Purchases 54,699 Shares of BILL Holdings, Inc. (NYSE:BILL)

Quantinno Capital Management LP raised its position in BILL Holdings, Inc. (NYSE:BILL) by 51.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 161,603 shares of the company’s stock after purchasing an additional 54,699 shares during the period. Quantinno Capital Management LP owned 0.16% of BILL worth $13,689,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after buying an additional 131 shares in the last quarter. Crewe Advisors LLC raised its position in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 173 shares in the last quarter. Fifth Third Bancorp purchased a new position in BILL in the 4th quarter worth $27,000. CoreCap Advisors LLC purchased a new position in BILL in the 4th quarter worth $30,000. Finally, Global Retirement Partners LLC raised its position in BILL by 12,566.7% in 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 during the period. 97.99% of the stock is owned by institutional investors.

BILL Stock Up 0.5%

Shares of BILL stock opened at $47.95 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $4.89 billion, a PE ratio of -4,795.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.44. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19. The company has a 50-day simple moving average of $44.66 and a two-hundred day simple moving average of $67.15.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. BILL had a net margin of 5.90% and a return on equity of 1.53%. The business had revenue of $358.22 million during the quarter, compared to analysts’ expectations of $355.85 million. During the same period in the previous year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley decreased their target price on shares of BILL from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. BTIG Research assumed coverage on shares of BILL in a research report on Wednesday, April 30th. They issued a “buy” rating and a $60.00 target price on the stock. The Goldman Sachs Group decreased their target price on shares of BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Robert W. Baird decreased their price objective on shares of BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. Finally, Canaccord Genuity Group decreased their price objective on shares of BILL from $105.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, BILL has a consensus rating of “Moderate Buy” and an average price target of $63.67.

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.