Prescott Group Capital Management L.L.C. Invests $1.69 Million in BILL Holdings, Inc. (NYSE:BILL)

Prescott Group Capital Management L.L.C. acquired a new position in 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 20,000 shares of the company's stock, valued at approximately $1,694,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC increased its stake in BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after purchasing an additional 173 shares in the last quarter. Fifth Third Bancorp purchased a new position in BILL in the fourth quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in shares of BILL during the third quarter valued at approximately $28,000. Finally, Global Retirement Partners LLC increased its position in shares of BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after acquiring an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on BILL shares. Piper Sandler restated an "overweight" rating and issued a $85.00 price target on shares of BILL in a research note on Friday, February 7th. Robert W. Baird increased their price target on BILL from $74.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. KeyCorp cut their price objective on BILL from $115.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, February 7th. Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of BILL in a report on Friday, February 7th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $105.00 price target on shares of BILL in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $81.72.

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BILL Trading Up 2.0 %

BILL traded up $0.87 during trading on Tuesday, reaching $44.46. The company had a trading volume of 2,953,495 shares, compared to its average volume of 3,554,577. 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 $42.91 and a 52 week high of $100.19. The stock has a market cap of $4.53 billion, a P/E ratio of -4,445.50, a PEG ratio of 29.46 and a beta of 2.00. The business has a 50 day simple moving average of $74.54 and a 200-day simple moving average of $70.56.

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 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 analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal 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.