Natixis Makes New Investment in BILL Holdings, Inc. (NYSE:BILL)

Natixis bought a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 217,878 shares of the company's stock, valued at approximately $18,456,000. Natixis owned about 0.21% of BILL at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Groupama Asset Managment raised its holdings in BILL by 162.8% in the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock valued at $478,611,000 after acquiring an additional 3,500,000 shares in the last quarter. Norges Bank purchased a new stake in BILL during the 4th quarter valued at approximately $99,906,000. Invesco Ltd. grew its position in BILL by 828.1% in the 4th quarter. Invesco Ltd. now owns 1,301,720 shares of the company's stock valued at $110,269,000 after buying an additional 1,161,457 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in BILL by 112.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock valued at $136,421,000 after acquiring an additional 852,863 shares during the period. Finally, Sepio Capital LP boosted its holdings in BILL by 413.7% during the fourth quarter. Sepio Capital LP now owns 526,396 shares of the company's stock worth $44,591,000 after buying an additional 423,928 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BILL shares. Canaccord Genuity Group restated a "buy" rating and set a $105.00 target price on shares of BILL in a research report on Friday, February 7th. Mizuho reduced 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 BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Robert W. Baird decreased their price objective on BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Finally, Morgan Stanley reissued an "overweight" rating on shares of BILL in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $70.94.

BILL Stock Up 4.2 %

Shares of BILL traded up $1.73 during midday trading on Wednesday, hitting $42.57. The company had a trading volume of 1,372,382 shares, compared to its average volume of 2,276,895. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. The company's 50 day moving average price is $47.26 and its 200 day moving average price is $68.32. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of -4,257.00, a PEG ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.90% and a return on equity of 1.53%. On average, equities research analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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.