Oregon Public Employees Retirement Fund Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Oregon Public Employees Retirement Fund purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,400 shares of the company's stock, valued at approximately $1,643,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BILL. GAMMA Investing LLC increased its stake in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC increased its position in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after buying an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of BILL in the fourth quarter valued at $27,000. Global Retirement Partners LLC lifted its position in shares of BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after buying an additional 377 shares during the last quarter. Finally, UMB Bank n.a. bought a new position in shares of BILL during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 97.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Mizuho boosted their price objective on BILL from $64.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Piper Sandler reissued an "overweight" rating and issued a $85.00 price target on shares of BILL in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of BILL from $65.00 to $57.00 and set an "underweight" rating for the company in a report on Friday, February 7th. The Goldman Sachs Group lowered their target price on shares of BILL from $104.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Finally, Morgan Stanley raised BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 price target for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $81.72.

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BILL Price Performance

BILL stock traded down $0.77 during mid-day trading on Tuesday, hitting $50.80. 2,699,631 shares of the stock were exchanged, compared to its average volume of 3,452,009. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of -5,083.50, a PEG ratio of 29.46 and a beta of 1.76. The business has a fifty day moving average price of $78.49 and a 200 day moving average price of $70.66. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $100.19.

BILL (NYSE:BILL - Get Free Report) last issued 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%. On average, sell-side analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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.