Marshall Wace LLP Has $23.17 Million Position in BILL Holdings, Inc. (NYSE:BILL)

Marshall Wace LLP reduced its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,533 shares of the company's stock after selling 27,314 shares during the period. Marshall Wace LLP owned 0.26% of BILL worth $23,171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Iron Gate Global Advisors LLC purchased a new stake in BILL during the fourth quarter valued at approximately $2,721,000. United Capital Financial Advisors LLC bought a new stake in BILL during the 4th quarter valued at approximately $219,000. Guggenheim Capital LLC purchased a new position in BILL during the fourth quarter valued at $223,000. Portolan Capital Management LLC bought a new position in shares of BILL during the 4th quarter valued at about $8,359,000. Finally, Senvest Management LLC bought a new stake in BILL in the 4th quarter worth approximately $19,263,000. Institutional investors own 97.99% of the company's stock.

BILL Stock Up 5.3 %

Shares of BILL stock traded up $2.26 during trading hours on Thursday, hitting $44.83. 1,586,502 shares of the company were exchanged, compared to its average volume of 2,274,145. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The business's 50-day simple moving average is $46.92 and its two-hundred day simple moving average is $68.14. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of -4,483.00, a P/E/G ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results 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 net margin of 5.90% and a return on equity of 1.53%. Sell-side analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and set a $105.00 price target on shares of BILL in a research note on Friday, February 7th. Robert W. Baird cut their target price on shares of BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Mizuho cut their target price on BILL from $70.00 to $53.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Susquehanna raised their price target on shares of BILL from $91.00 to $100.00 and gave the company a "positive" rating in a report on Tuesday, January 7th. Finally, KeyCorp dropped 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $70.94.

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.