Guggenheim Capital LLC Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Guggenheim Capital LLC bought a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,632 shares of the company’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legato Capital Management LLC acquired a new position in shares of BILL during the 4th quarter valued at $828,000. Choreo LLC acquired a new position in shares of BILL during the 4th quarter valued at $409,000. Rhumbline Advisers lifted its holdings in shares of BILL by 153.7% during the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock valued at $22,959,000 after acquiring an additional 164,182 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of BILL by 29.4% during the 4th 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 in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of BILL during the 4th quarter valued at $919,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Price Performance

Shares of NYSE:BILL opened at $45.31 on Tuesday. 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 fifty-two week low of $36.55 and a fifty-two week high of $100.19. The firm has a 50-day simple moving average of $46.07 and a 200 day simple moving average of $68.13. The company has a market cap of $4.62 billion, a PE ratio of -4,531.00, a P/E/G ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL) last announced its quarterly earnings data 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, sell-side analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Susquehanna lifted their target price on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of BILL in a report on Monday, March 17th. Wells Fargo & Company cut their price objective on shares of BILL from $57.00 to $43.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods cut their price objective on shares of BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a report on Monday, March 31st. Finally, Robert W. Baird cut their price objective 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.94.

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.