Rhumbline Advisers Has $22.96 Million Holdings in BILL Holdings, Inc. (NYSE:BILL)

Rhumbline Advisers lifted its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 153.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 271,027 shares of the company's stock after purchasing an additional 164,182 shares during the quarter. Rhumbline Advisers owned 0.26% of BILL worth $22,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in BILL by 74.9% in the 4th 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 lifted its stake in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after acquiring an additional 173 shares in the last quarter. Empowered Funds LLC lifted its stake in BILL by 4.0% in the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company's stock worth $451,000 after acquiring an additional 207 shares in the last quarter. Covestor Ltd lifted its stake in BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company's stock worth $100,000 after acquiring an additional 249 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company's stock worth $58,000 after acquiring an additional 259 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BILL shares. Robert W. Baird raised their price target on BILL from $74.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Canaccord Genuity Group reaffirmed a "buy" rating and set a $105.00 price target on shares of BILL in a research note on Friday, February 7th. Oppenheimer cut their price target on BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Mizuho raised their price target on BILL from $64.00 to $75.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $85.00 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 given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, BILL presently has a consensus rating of "Moderate Buy" and an average price target of $81.72.

BILL Stock Down 6.9 %

Shares of NYSE BILL traded down $3.90 during mid-day trading on Friday, reaching $52.63. 4,586,780 shares of the company traded hands, compared to its average volume of 3,566,695. The stock has a market cap of $5.37 billion, a PE ratio of -5,263.40, a price-to-earnings-growth ratio of 32.38 and a beta of 1.76. The company's fifty day moving average is $83.28 and its two-hundred day moving average is $69.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. On average, analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share 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.