Frontier Capital Management Co. LLC Raises Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Frontier Capital Management Co. LLC boosted its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 86.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,145,931 shares of the company’s stock after acquiring an additional 532,726 shares during the quarter. BILL accounts for 0.9% of Frontier Capital Management Co. LLC’s portfolio, making the stock its 15th biggest holding. Frontier Capital Management Co. LLC’s holdings in BILL were worth $97,072,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BILL. Groupama Asset Managment boosted its holdings in shares of BILL by 162.8% in the fourth 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 period. Price T Rowe Associates Inc. MD grew its position in shares of BILL by 10.7% during the 4th 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 in the last quarter. Norges Bank bought a new position in shares of BILL during the 4th quarter worth $99,906,000. Invesco Ltd. increased its stake in shares of BILL by 828.1% during the fourth quarter. Invesco Ltd. now owns 1,301,720 shares of the company’s stock valued at $110,269,000 after buying an additional 1,161,457 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of BILL by 112.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company’s stock valued at $136,421,000 after acquiring an additional 852,863 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Stock Performance

Shares of BILL opened at $46.63 on Thursday. 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 stock has a 50-day moving average of $44.88 and a two-hundred day moving average of $67.45. The stock has a market cap of $4.75 billion, a P/E ratio of -4,662.90, a P/E/G ratio of 29.46 and a beta of 1.44. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19.

BILL (NYSE:BILL) last released its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. As a group, research analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Piper Sandler cut their price objective on shares of BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Canaccord Genuity Group restated a “buy” rating and set a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. Mizuho cut their target price on BILL from $70.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley reiterated an “overweight” rating on shares of BILL in a report on Wednesday, April 16th. Finally, Robert W. Baird lowered their price target on shares of BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. One investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.28.

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.