Caprock Group LLC Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Caprock Group LLC purchased a new stake in BILL Holdings, Inc. (NYSE:BILL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,485 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the period. Fifth Third Bancorp acquired a new position in BILL in the fourth quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in BILL during the third quarter worth about $28,000. UMB Bank n.a. acquired a new stake in BILL during the fourth quarter worth about $35,000. Finally, Advisors Asset Management Inc. increased its holdings in BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after buying an additional 259 shares during the period. 97.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BILL shares. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price target on shares of BILL in a report on Friday. Wells Fargo & Company cut 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. KeyCorp decreased their price target on BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday. Mizuho upped their price objective on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Robert W. Baird lifted their target price on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, BILL presently has an average rating of “Moderate Buy” and an average target price of $81.95.

BILL Price Performance

Shares of NYSE:BILL opened at $62.40 on Friday. The firm has a market cap of $6.46 billion, a PE ratio of -189.08, a price-to-earnings-growth ratio of 164.86 and a beta of 1.76. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $100.19. The firm’s fifty day moving average is $89.50 and its 200-day moving average is $69.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

BILL (NYSE:BILL) last released its quarterly 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 net margin of 0.59% and a return on equity of 1.54%. Sell-side analysts predict that BILL Holdings, Inc. will post 0.04 earnings per share for the current year.

Insider Buying and Selling at BILL

In other BILL news, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now owns 259 shares of the company’s stock, valued at approximately $23,310. This represents a 75.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.

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.