Federated Hermes Inc. Buys 79,476 Shares of BILL Holdings, Inc. (NYSE:BILL)

Federated Hermes Inc. boosted its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 525,058 shares of the company's stock after acquiring an additional 79,476 shares during the period. Federated Hermes Inc. owned 0.51% of BILL worth $44,478,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted 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 acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC raised its position in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after buying an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new position in BILL during the 4th quarter valued at $27,000. Global Retirement Partners LLC boosted its holdings in 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 acquiring an additional 377 shares during the last quarter. Finally, UMB Bank n.a. bought a new stake in shares of BILL in the 4th quarter worth $35,000. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Stock Performance

BILL stock traded up $0.17 during midday trading on Friday, reaching $41.52. 1,353,304 shares of the company's stock traded hands, compared to its average volume of 2,281,666. The company has a 50-day moving average price of $51.62 and a two-hundred day moving average price of $69.01. The firm has a market capitalization of $4.23 billion, a PE ratio of -4,151.70, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19.

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BILL (NYSE:BILL - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) 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%. As a group, equities analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on BILL shares. Canaccord Genuity Group restated a "buy" rating and set a $105.00 price target on shares of BILL in a report on Friday, February 7th. Keefe, Bruyette & Woods cut their target price on BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Piper Sandler reduced their target price on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of BILL in a report on Monday, March 17th. Finally, KeyCorp reduced their price objective on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, BILL has an average rating of "Moderate Buy" and a consensus target price of $74.61.

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.