Summit Investment Advisors Inc. Purchases Shares of 19,048 BILL Holdings, Inc. (NYSE:BILL)

Summit Investment Advisors Inc. purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 19,048 shares of the company's stock, valued at approximately $1,614,000.

Several other institutional investors and hedge funds have also modified their holdings of BILL. HighTower Advisors LLC raised its stake in BILL by 7.1% during the 3rd quarter. HighTower Advisors LLC now owns 7,784 shares of the company's stock valued at $411,000 after purchasing an additional 513 shares during the last quarter. Versant Capital Management Inc increased its position in BILL by 26.7% in the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company's stock valued at $137,000 after acquiring an additional 340 shares in the last quarter. 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 valued at $26,000 after acquiring an additional 131 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of BILL during the fourth quarter worth approximately $264,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of BILL in the 4th quarter worth $239,000. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Trading Down 0.7 %

BILL traded down $0.28 during midday trading on Friday, hitting $40.63. 1,068,429 shares of the company were exchanged, compared to its average volume of 2,277,613. The firm's 50 day moving average price is $48.09 and its 200-day moving average price is $68.39. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The firm has a market capitalization of $4.14 billion, a P/E ratio of -4,063.40, a P/E/G ratio of 29.46 and a beta of 1.88. 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 (NYSE:BILL - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BILL has been the subject of several research analyst reports. Piper Sandler decreased their price objective on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Robert W. Baird lowered their price target on BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. The Goldman Sachs Group cut their target price on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price target on BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. Finally, KeyCorp cut their price objective on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.72.

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.