Great Lakes Advisors LLC Buys New Shares in BILL Holdings, Inc. (NYSE:BILL)

Great Lakes Advisors LLC bought a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 238,009 shares of the company’s stock, valued at approximately $20,162,000. Great Lakes Advisors LLC owned about 0.23% of BILL at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BILL by 12.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,084 shares of the company’s stock valued at $2,125,000 after purchasing an additional 2,736 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in BILL by 472.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,283 shares of the company’s stock valued at $278,000 after purchasing an additional 2,710 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in BILL during the fourth quarter valued at approximately $1,694,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in BILL during the fourth quarter valued at approximately $217,000. Finally, Arizona State Retirement System lifted its stake in BILL by 1.3% during the fourth quarter. Arizona State Retirement System now owns 29,414 shares of the company’s stock valued at $2,492,000 after purchasing an additional 380 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BILL. The Goldman Sachs Group reduced their price target on shares of BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Susquehanna upped their price target on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Mizuho upped their price target on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of BILL in a research report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price target on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, BILL has an average rating of “Moderate Buy” and an average target price of $81.72.

BILL Trading Up 3.3 %

Shares of NYSE:BILL opened at $45.88 on Thursday. The firm has a market capitalization of $4.68 billion, a P/E ratio of -4,587.60, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. The firm has a fifty day moving average of $72.96 and a two-hundred day moving average of $70.37. 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 Holdings, Inc. has a 12-month low of $42.91 and a 12-month high of $100.19.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share 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, equities analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal 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.