Pier Capital LLC lifted its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,818 shares of the company's stock after acquiring an additional 25,465 shares during the quarter. BILL accounts for about 1.5% of Pier Capital LLC's investment portfolio, making the stock its 7th largest holding. Pier Capital LLC owned 0.12% of BILL worth $10,827,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of BILL. GAMMA Investing LLC lifted its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC lifted its holdings in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after purchasing an additional 173 shares in the last quarter. Empowered Funds LLC grew its stake in BILL by 4.0% during the fourth quarter. Empowered Funds LLC now owns 5,324 shares of the company's stock valued at $451,000 after acquiring an additional 207 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of BILL by 30.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company's stock valued at $58,000 after purchasing an additional 259 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of BILL during the fourth quarter valued at about $27,000. 97.99% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
BILL has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their target price on shares of BILL from $95.00 to $77.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company dropped their target price on shares of BILL from $65.00 to $57.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $105.00 price target on shares of BILL in a research report on Friday, February 7th. Piper Sandler reissued an "overweight" rating and issued a $85.00 price objective on shares of BILL in a research note on Friday, February 7th. Finally, Mizuho increased their target price on BILL from $64.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.89.
Read Our Latest Research Report on BILL
BILL Stock Down 3.3 %
Shares of NYSE:BILL traded down $1.66 during midday trading on Wednesday, reaching $48.64. The company had a trading volume of 1,531,721 shares, compared to its average volume of 2,194,094. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. BILL Holdings, Inc. has a one year low of $42.82 and a one year high of $100.19. The stock's fifty day moving average price is $66.45 and its 200-day moving average price is $70.10. The stock has a market capitalization of $4.96 billion, a P/E ratio of -4,863.80, a PEG ratio of 29.46 and a beta of 2.00.
BILL (NYSE:BILL - Get Free Report) last issued 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 return on equity of 1.53% and a net margin of 5.90%. Equities research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.
About BILL
(
Free Report)
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.
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