Principal Financial Group Inc. Has $33.17 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Principal Financial Group Inc. lifted its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 5,201.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,604 shares of the company's stock after purchasing an additional 384,217 shares during the quarter. Principal Financial Group Inc. owned about 0.38% of BILL worth $33,173,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC grew its holdings 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 buying an additional 173 shares during the last quarter. Fifth Third Bancorp purchased a new position in BILL during the fourth quarter worth $27,000. UMB Bank n.a. acquired a new position in shares of BILL in the fourth quarter worth $35,000. Finally, Brooklyn Investment Group purchased a new stake in shares of BILL in the third quarter valued at $28,000. 97.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on BILL shares. Piper Sandler reiterated an "overweight" rating and set a $85.00 price objective on shares of BILL in a research report on Friday, February 7th. Morgan Stanley upgraded shares of 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. Robert W. Baird raised their price objective on BILL from $74.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. KeyCorp lowered their price objective on BILL from $115.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Finally, Mizuho increased their target price on BILL from $64.00 to $75.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. One research 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. According to MarketBeat.com, BILL has a consensus rating of "Moderate Buy" and an average price target of $81.72.

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BILL Price Performance

NYSE BILL traded up $0.33 during trading on Tuesday, reaching $53.59. 2,705,018 shares of the company traded hands, compared to its average volume of 3,537,468. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $100.19. 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 stock's 50 day moving average price is $81.21 and its two-hundred day moving average price is $70.49. The company has a market cap of $5.46 billion, a price-to-earnings ratio of -5,359.20, a P/E/G ratio of 29.46 and a beta of 1.76.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly 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 net margin of 5.90% and a return on equity of 1.53%. As a group, analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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.