Taylor Frigon Capital Management LLC Sells 10,710 Shares of BILL Holdings, Inc. (NYSE:BILL)

Taylor Frigon Capital Management LLC trimmed its holdings in BILL Holdings, Inc. (NYSE:BILL) by 21.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,746 shares of the company’s stock after selling 10,710 shares during the quarter. BILL makes up approximately 1.7% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 12th biggest position. Taylor Frigon Capital Management LLC’s holdings in BILL were worth $3,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in BILL by 74.9% in 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 period. Crewe Advisors LLC boosted its stake in BILL by 129.1% in 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 bought a new position in BILL in the 4th quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in BILL in the 3rd quarter worth approximately $28,000. Finally, Global Retirement Partners LLC boosted its stake 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 currently owned by institutional investors.

BILL Stock Performance

BILL stock opened at $54.02 on Thursday. 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’s fifty day simple moving average is $80.62 and its two-hundred day simple moving average is $70.37. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $100.19. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of -5,402.20, a PEG ratio of 29.46 and a beta of 1.76.

BILL (NYSE:BILL) last released 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%. Analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

BILL has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 7th. KeyCorp lowered their target price on BILL from $115.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Susquehanna increased their target price on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, February 7th. Finally, Mizuho increased their target price on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.