Stanley Laman Group Ltd. Reduces Position in BILL Holdings, Inc. (NYSE:BILL)

Stanley Laman Group Ltd. decreased its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,061 shares of the company’s stock after selling 5,304 shares during the period. BILL accounts for 0.9% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 21st biggest position. Stanley Laman Group Ltd.’s holdings in BILL were worth $6,274,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC boosted its holdings in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of BILL during the fourth quarter worth $27,000. Brooklyn Investment Group acquired a new stake in shares of BILL during the third quarter worth $28,000. Finally, UMB Bank n.a. acquired a new stake in shares of BILL during the fourth quarter worth $35,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. KeyCorp decreased their price objective on BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. 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 report on Thursday, January 16th. Piper Sandler reiterated an “overweight” rating and issued a $85.00 target price on shares of BILL in a report on Friday, February 7th. Canaccord Genuity Group reiterated a “buy” rating and issued a $105.00 target price on shares of BILL in a report on Friday, February 7th. Finally, Mizuho lifted their target price on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BILL has a consensus rating of “Moderate Buy” and a consensus target price of $81.72.

BILL Stock Down 0.6 %

Shares of NYSE BILL opened at $61.12 on Thursday. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $100.19. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of -6,112.00, a PEG ratio of 157.98 and a beta of 1.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The stock’s 50-day simple moving average is $87.91 and its 200-day simple moving average is $69.79.

BILL (NYSE:BILL) last announced 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 return on equity of 1.50% and a net margin of 5.90%. As a group, equities analysts anticipate that BILL Holdings, Inc. will post 0.04 earnings per share for the current fiscal year.

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.