Susquehanna Fundamental Investments LLC Buys Shares of 77,742 BILL Holdings, Inc. (NYSE:BILL)

Susquehanna Fundamental Investments LLC bought a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 77,742 shares of the company's stock, valued at approximately $6,586,000. Susquehanna Fundamental Investments LLC owned about 0.08% of BILL at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Groupama Asset Managment boosted its stake in BILL by 162.8% in the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock valued at $478,611,000 after acquiring an additional 3,500,000 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of BILL by 10.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock worth $1,091,019,000 after purchasing an additional 1,241,432 shares during the last quarter. Norges Bank acquired a new stake in shares of BILL during the fourth quarter worth $99,906,000. Invesco Ltd. increased its holdings in BILL by 828.1% in the fourth quarter. Invesco Ltd. now owns 1,301,720 shares of the company's stock valued at $110,269,000 after purchasing an additional 1,161,457 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in BILL by 112.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock valued at $136,421,000 after buying an additional 852,863 shares during the period. Institutional investors and hedge funds own 97.99% of the company's stock.

Analyst Ratings Changes

BILL has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price target on shares of BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. KeyCorp cut their target price on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Seaport Res Ptn lowered shares of BILL from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. Finally, Wells Fargo & Company reduced their target price on BILL from $57.00 to $43.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $70.94.

BILL Stock Performance

NYSE BILL opened at $45.32 on Monday. The firm has a market capitalization of $4.62 billion, a P/E ratio of -4,532.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm's fifty day moving average price is $46.32 and its two-hundred day moving average price is $68.20. BILL Holdings, Inc. has a 1 year low of $36.55 and a 1 year 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 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, research 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.

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