New Mexico Educational Retirement Board Takes $1.78 Million Position in BILL Holdings, Inc. (NYSE:BILL)

New Mexico Educational Retirement Board acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,000 shares of the company's stock, valued at approximately $1,779,000.

Other large investors have also bought and sold shares of the company. Aigen Investment Management LP grew its stake in shares of BILL by 612.3% during the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company's stock worth $2,931,000 after buying an additional 47,761 shares during the last quarter. Legato Capital Management LLC acquired a new stake in shares of BILL during the 4th quarter valued at $828,000. WoodTrust Financial Corp bought a new stake in BILL during the 3rd quarter worth $422,000. Choreo LLC bought a new stake in BILL during the 4th quarter worth $409,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in BILL in the 3rd quarter worth about $820,000. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Stock Down 2.5 %

Shares of NYSE BILL traded down $1.45 during midday trading on Thursday, hitting $56.50. 3,264,069 shares of the stock traded hands, compared to its average volume of 3,535,753. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $100.19. The business has a 50 day moving average price of $83.95 and a two-hundred day moving average price of $70.07. 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 company has a market cap of $5.76 billion, a PE ratio of -5,650.10, a P/E/G ratio of 33.54 and a beta of 1.76.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. 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. Wells Fargo & Company reduced their price objective on shares of BILL from $65.00 to $57.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. Susquehanna upped their price target on BILL from $91.00 to $100.00 and gave the company a "positive" rating in a research report on Tuesday, January 7th. KeyCorp decreased their price target on BILL from $115.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $85.00 price objective on shares of BILL in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.72.

About BILL

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.