Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $1.78 Million in BILL Holdings, Inc. (NYSE:BILL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 21,029 shares of the company’s stock, valued at approximately $1,781,000.

A number of other large investors have also recently bought and sold shares of BILL. Legato Capital Management LLC acquired a new position in BILL during the fourth quarter valued at approximately $828,000. Choreo LLC acquired a new position in BILL in the 4th quarter valued at $409,000. Rhumbline Advisers grew its stake in BILL by 153.7% in the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock valued at $22,959,000 after buying an additional 164,182 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in BILL in the 3rd quarter worth $820,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in BILL by 29.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company’s stock valued at $1,543,000 after acquiring an additional 4,248 shares during the period. 97.99% of the stock is currently owned by institutional investors.

BILL Trading Down 1.0 %

Shares of BILL stock opened at $50.35 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $5.13 billion, a P/E ratio of -5,035.00, a P/E/G ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 12-month low of $42.82 and a 12-month high of $100.19. The firm has a 50-day moving average price of $66.45 and a 200 day moving average price of $70.10.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 6th. The company reported $0.05 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%. Research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $85.00 price objective on shares of BILL in a research report on Friday, February 7th. Oppenheimer cut their price target on BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Mizuho increased their price target on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $105.00 price target on shares of BILL in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.