Jupiter Asset Management Ltd. purchased a new stake in shares of BILL Holdings, Inc. (NYSE:BILL – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 71,037 shares of the company’s stock, valued at approximately $3,874,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in BILL by 972.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock valued at $28,000 after buying an additional 486 shares during the last quarter. CWM LLC raised its position in BILL by 1,000.0% during the fourth quarter. CWM LLC now owns 803 shares of the company’s stock valued at $44,000 after purchasing an additional 730 shares during the period. GAMMA Investing LLC raised its position in BILL by 27.2% during the fourth quarter. GAMMA Investing LLC now owns 1,243 shares of the company’s stock valued at $68,000 after purchasing an additional 266 shares during the period. Hantz Financial Services Inc. raised its position in BILL by 189.2% during the third quarter. Hantz Financial Services Inc. now owns 1,255 shares of the company’s stock valued at $66,000 after purchasing an additional 821 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in BILL by 46.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,267 shares of the company’s stock valued at $69,000 after purchasing an additional 401 shares during the period. 97.99% of the stock is owned by institutional investors.
BILL Trading Up 6.5%
Shares of NYSE BILL opened at $37.11 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66. The business’s 50 day moving average price is $38.10 and its 200-day moving average price is $44.86. BILL Holdings, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $57.21. The company has a market cap of $3.70 billion, a price-to-earnings ratio of -3,706.79, a PEG ratio of 1.40 and a beta of 1.22.
Trending Headlines about BILL
Here are the key news stories impacting BILL this week:
- Positive Sentiment: A Zacks comparison piece frames BILL as a potential value stock versus Palantir, which can draw attention to BILL as a cheaper software name and support investor interest. Article Title
- Neutral Sentiment: Most of the other headlines are unrelated political or policy stories about a proposed $250 bill, Social Security work rules, farm legislation, and college sports, so they do not appear to have a meaningful direct impact on BILL Holdings. Article Title
- Neutral Sentiment: BILL’s recent earnings were solid, with revenue and EPS beating estimates, which may continue to underpin the shares, but that update is already several weeks old and is not the main driver in today’s news flow.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on BILL shares. Evercore set a $42.00 price objective on BILL in a research report on Friday, February 6th. Needham & Company LLC restated a “buy” rating and set a $75.00 price objective on shares of BILL in a research report on Friday, February 6th. Jefferies Financial Group restated a “buy” rating on shares of BILL in a research report on Friday, February 6th. Oppenheimer set a $55.00 price objective on BILL and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, BTIG Research restated a “buy” rating and set a $60.00 price objective on shares of BILL in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.80.
View Our Latest Research Report on BILL
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. It also offers onboarding implementation support, and ongoing support and training services.
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