Renaissance Technologies LLC Has $94.49 Million Stake in BILL Holdings, Inc. (NYSE:BILL)

Renaissance Technologies LLC increased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 43.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,115,465 shares of the company's stock after buying an additional 338,465 shares during the quarter. Renaissance Technologies LLC owned 1.08% of BILL worth $94,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC boosted its position in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after acquiring an additional 131 shares during the last quarter. Crewe Advisors LLC increased its holdings in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after acquiring an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new stake in BILL in the 4th quarter valued at $27,000. Global Retirement Partners LLC boosted its holdings in shares of BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock worth $32,000 after buying an additional 377 shares during the period. Finally, UMB Bank n.a. acquired a new position in shares of BILL in the fourth quarter valued at approximately $35,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Price Performance

BILL stock traded down $0.88 during midday trading on Monday, reaching $40.70. 356,304 shares of the stock were exchanged, compared to its average volume of 3,136,118. The company has a fifty day moving average price of $51.62 and a 200 day moving average price of $69.01. The stock has a market capitalization of $4.15 billion, a PE ratio of -4,070.00, a P/E/G ratio of 29.46 and a beta of 1.88. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66.

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BILL (NYSE:BILL - Get Free Report) last issued its quarterly 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%. As a group, analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BILL shares. Keefe, Bruyette & Woods dropped their price objective on shares of BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Oppenheimer dropped their price target on shares of BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on BILL from $65.00 to $57.00 and set an "underweight" rating on the stock in a research report on Friday, February 7th. KeyCorp dropped their price objective on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Finally, Morgan Stanley raised BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 target price on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.61.

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.