BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its holdings in BILL Holdings, Inc. (NYSE:BILL) by 70.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 562 shares of the company’s stock after selling 1,352 shares during the quarter. Blue Trust Inc.’s holdings in BILL were worth $48,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BILL. GAMMA Investing LLC boosted its stake in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 173 shares during the period. Fifth Third Bancorp purchased a new position in shares of BILL during the fourth quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in BILL during the third quarter worth approximately $28,000. Finally, UMB Bank n.a. acquired a new stake in BILL during the fourth quarter worth approximately $35,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BILL shares. Robert W. Baird increased their price target on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 price target on shares of BILL in a research note on Friday, February 7th. Keefe, Bruyette & Woods lowered their price target on BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a report on Friday, February 7th. KeyCorp cut their price objective on shares of BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Mizuho boosted their target price on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.72.

BILL Trading Up 0.6 %

NYSE:BILL opened at $53.59 on Wednesday. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $100.19. The business’s 50-day moving average is $81.21 and its two-hundred day moving average is $70.49. 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 firm has a market capitalization of $5.46 billion, a PE ratio of -5,359.20, a price-to-earnings-growth ratio of 29.46 and a beta of 1.76.

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