4,360 Shares in BILL Holdings, Inc. (NYSE:BILL) Bought by JT Stratford LLC

JT Stratford LLC purchased a new stake in BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,360 shares of the company’s stock, valued at approximately $369,000.

A number of other hedge funds also recently bought and sold shares of BILL. Price T Rowe Associates Inc. MD increased its stake in shares of BILL by 10.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company’s stock worth $1,091,019,000 after buying an additional 1,241,432 shares during the period. Groupama Asset Managment increased its position in shares of BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock valued at $478,611,000 after purchasing an additional 3,500,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of BILL by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company’s stock valued at $137,528,000 after purchasing an additional 119,711 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of BILL by 112.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company’s stock valued at $136,421,000 after purchasing an additional 852,863 shares in the last quarter. Finally, Greenhouse Funds LLLP lifted its position in shares of BILL by 0.8% during the 4th quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company’s stock worth $118,307,000 after purchasing an additional 11,002 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Stock Down 1.4%

Shares of NYSE:BILL opened at $43.97 on Friday. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $4.53 billion, a P/E ratio of -4,397.00, a P/E/G ratio of 29.46 and a beta of 1.44. The firm has a fifty day moving average price of $44.74 and a 200 day moving average price of $66.66.

BILL (NYSE:BILL) last announced its earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. BILL had a net margin of 5.90% and a return on equity of 1.53%. The business had revenue of $358.22 million during the quarter, compared to analysts’ expectations of $355.85 million. During the same period in the prior year, the company earned $0.60 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley dropped their target price on BILL from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Citigroup dropped their price objective on BILL from $88.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group boosted their target price on BILL from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods dropped their price target on shares of BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a research note on Monday, March 31st. Finally, KeyCorp cut their price objective on shares of BILL from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, BILL presently has an average rating of “Moderate Buy” and a consensus target price of $63.84.

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.