New York State Common Retirement Fund Purchases 81,481 Shares of BILL Holdings, Inc. (NYSE:BILL)

New York State Common Retirement Fund increased its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 147.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 136,621 shares of the company's stock after acquiring an additional 81,481 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of BILL worth $11,573,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Abdiel Capital Advisors LP lifted its position in shares of BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company's stock worth $270,191,000 after purchasing an additional 1,666,316 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company's stock worth $47,264,000 after purchasing an additional 279,256 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in BILL by 87.0% in the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company's stock worth $36,447,000 after purchasing an additional 321,400 shares during the period. Principal Financial Group Inc. boosted its holdings in BILL by 5,201.3% in the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company's stock worth $33,173,000 after purchasing an additional 384,217 shares during the period. Finally, Iridian Asset Management LLC CT increased its stake in BILL by 26.9% during the third quarter. Iridian Asset Management LLC CT now owns 294,668 shares of the company's stock valued at $15,547,000 after purchasing an additional 62,499 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wells Fargo & Company decreased their price target on shares of BILL from $65.00 to $57.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Mizuho raised their target price on shares of BILL from $64.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Piper Sandler reiterated an "overweight" rating and set a $85.00 price target on shares of BILL in a research report on Friday, February 7th. Oppenheimer cut their price target on BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Finally, Morgan Stanley upgraded BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 price objective for the company in a research note on Thursday, January 16th. One investment 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.72.

BILL Stock Up 1.6 %

Shares of BILL stock traded up $0.90 on Friday, hitting $55.22. 2,363,845 shares of the company traded hands, compared to its average volume of 3,478,372. 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 Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $100.19. The company has a 50-day moving average price of $79.94 and a 200 day moving average price of $70.26. The company has a market cap of $5.63 billion, a PE ratio of -5,521.50, a PEG ratio of 29.46 and a beta of 1.76.

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