Invesco Ltd. Has $110.27 Million Position in BILL Holdings, Inc. (NYSE:BILL)

Invesco Ltd. raised its stake in BILL Holdings, Inc. (NYSE:BILL) by 828.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,301,720 shares of the company’s stock after buying an additional 1,161,457 shares during the quarter. Invesco Ltd.’s holdings in BILL were worth $110,269,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the period. Crewe Advisors LLC grew its stake in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares in the last quarter. Fifth Third Bancorp bought a new position in BILL in the 4th quarter valued at about $27,000. Global Retirement Partners LLC raised its position in shares of BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after buying an additional 377 shares in the last quarter. Finally, UMB Bank n.a. bought a new stake in shares of BILL during the 4th quarter worth approximately $35,000. 97.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BILL shares. Oppenheimer lowered their price objective on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company lowered their target price on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Keefe, Bruyette & Woods cut their target price on shares of BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a research report on Monday, March 31st. KeyCorp lowered their price target on shares of BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Finally, Piper Sandler cut their price objective on BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, BILL currently has an average rating of “Moderate Buy” and a consensus price target of $74.61.

BILL Stock Performance

Shares of BILL stock opened at $41.52 on Monday. The company has a market cap of $4.23 billion, a P/E ratio of -4,151.70, a PEG ratio of 29.46 and a beta of 1.88. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $51.62 and a two-hundred day moving average price of $69.01. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19.

BILL (NYSE:BILL) last announced its quarterly earnings data 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 net margin of 5.90% and a return on equity of 1.53%. As a group, analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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.