Fox Run Management L.L.C. Reduces Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Fox Run Management L.L.C. cut its holdings in BILL Holdings, Inc. (NYSE:BILL) by 80.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,271 shares of the company’s stock after selling 25,949 shares during the quarter. Fox Run Management L.L.C.’s holdings in BILL were worth $531,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BILL. 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 in 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 acquired a new position in shares of BILL in the 4th quarter valued at $27,000. Global Retirement Partners LLC raised 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 acquiring an additional 377 shares during the last quarter. Finally, UMB Bank n.a. acquired a new stake in BILL during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Price Performance

Shares of BILL stock opened at $50.35 on Wednesday. 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 business has a 50 day simple moving average of $66.45 and a two-hundred day simple moving average of $70.10. The stock has a market capitalization of $5.13 billion, a P/E ratio of -5,035.00, a PEG ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 12 month low of $42.82 and a 12 month high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. As a group, analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and set a $105.00 target price on shares of BILL in a research report on Friday, February 7th. Wells Fargo & Company lowered their price objective on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of BILL in a report on Monday, March 17th. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Thursday, January 16th. Finally, Mizuho raised their price target on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. One equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

BILL 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.