BILL Holdings, Inc. (NYSE:BILL) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 633.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 61,375 shares of the company's stock after purchasing an additional 53,005 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of BILL worth $5,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC raised its position in BILL by 74.9% during 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 in the last quarter. Crewe Advisors LLC boosted its stake in shares of BILL by 129.1% during 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. Fifth Third Bancorp acquired a new position in BILL in the 4th quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in BILL in the third quarter valued at approximately $28,000. Finally, Global Retirement Partners LLC increased its position in shares of BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after buying an additional 377 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Trading Down 0.2 %

Shares of BILL traded down $0.08 during midday trading on Thursday, hitting $48.49. 1,299,608 shares of the stock were exchanged, compared to its average volume of 2,190,633. 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 firm has a market cap of $4.94 billion, a P/E ratio of -4,849.40, a P/E/G ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 52-week low of $42.82 and a 52-week high of $100.19. The stock has a fifty day simple moving average of $65.68 and a 200 day simple moving average of $69.95.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley upgraded BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 target price on the stock in a research report on Thursday, January 16th. Robert W. Baird boosted their price objective on BILL from $74.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Piper Sandler restated an "overweight" rating and issued a $85.00 target price on shares of BILL in a research report on Friday, February 7th. Wells Fargo & Company dropped their price target on BILL from $65.00 to $57.00 and set an "underweight" rating for the company in a research report on Friday, February 7th. Finally, Mizuho lifted their target price on shares of BILL from $64.00 to $75.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.89.

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.