Mutual of America Capital Management LLC Purchases Shares of 50,297 BILL Holdings, Inc. (NYSE:BILL)

Mutual of America Capital Management LLC purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 50,297 shares of the company's stock, valued at approximately $4,261,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC raised its holdings in shares of 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. Fifth Third Bancorp bought a new stake in shares of BILL in the 4th quarter worth approximately $27,000. Brooklyn Investment Group bought a new stake in shares of BILL in the 3rd quarter worth approximately $28,000. Finally, Global Retirement Partners LLC raised its holdings in shares of BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock worth $32,000 after purchasing an additional 377 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Down 0.9 %

BILL stock traded down $0.42 during trading hours on Friday, hitting $47.24. The company's stock had a trading volume of 4,531,532 shares, compared to its average volume of 3,563,416. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.82 billion, a PE ratio of -4,723.90, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $100.19. The stock has a 50 day moving average price of $75.38 and a two-hundred day moving average price of $70.48.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. KeyCorp dropped their target price on shares of BILL from $115.00 to $85.00 and set an "overweight" rating on the stock in a 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. Oppenheimer dropped their target price on shares of BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Susquehanna lifted their target price on shares of BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Finally, Robert W. Baird lifted their target price on shares of BILL from $74.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. One investment 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, BILL has a consensus rating of "Moderate Buy" and an average price target of $81.72.

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.