BILL Holdings, Inc. (NYSE:BILL) Stock Holdings Lessened by American Century Companies Inc.

American Century Companies Inc. lowered its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,785 shares of the company's stock after selling 11,901 shares during the quarter. American Century Companies Inc.'s holdings in BILL were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. GAMMA Investing LLC grew its position in BILL by 74.9% in 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 during the last quarter. Crewe Advisors LLC increased 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 acquiring an additional 173 shares during the period. Fifth Third Bancorp purchased a new position in BILL during the fourth quarter worth about $27,000. Global Retirement Partners LLC lifted its position in BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after purchasing an additional 377 shares during the period. Finally, UMB Bank n.a. purchased a new stake in BILL in the 4th quarter valued at approximately $35,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Susquehanna raised their target price on BILL from $91.00 to $100.00 and gave the company a "positive" rating in a report on Tuesday, January 7th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price target on shares of BILL in a research report on Monday, March 17th. KeyCorp reduced their target price on BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group dropped their price target on BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Morgan Stanley upgraded BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 price objective on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $73.39.

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BILL Stock Up 2.3 %

Shares of BILL traded up $0.95 during mid-day trading on Tuesday, reaching $42.15. 203,420 shares of the stock traded hands, compared to its average volume of 2,271,819. The stock has a fifty day simple moving average of $50.51 and a 200 day simple moving average of $68.92. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of -4,210.40, a P/E/G ratio of 29.46 and a beta of 1.88. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month high of $100.19. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share 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%. Sell-side analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal 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.