Principal Securities Inc. Grows Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Principal Securities Inc. grew its position in BILL Holdings, Inc. (NYSE:BILL) by 2,721.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 903 shares of the company’s stock after acquiring an additional 871 shares during the quarter. Principal Securities Inc.’s holdings in BILL were worth $76,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares in the last quarter. Crewe Advisors LLC lifted its position 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. Empowered Funds LLC lifted its position in BILL by 4.0% during the fourth quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock worth $451,000 after buying an additional 207 shares in the last quarter. Covestor Ltd lifted its position in BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after buying an additional 249 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in BILL by 30.8% during the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after buying an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Stock Up 0.8 %

Shares of NYSE BILL opened at $54.02 on Thursday. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of -5,402.20, a price-to-earnings-growth ratio of 29.46 and a beta of 1.76. 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 business has a 50-day moving average of $80.62 and a two-hundred day moving average of $70.37. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $100.19.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (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%. On average, analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 price objective on shares of BILL in a research report on Friday, February 7th. Wells Fargo & Company reduced their target price on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Thursday, January 16th. KeyCorp reduced their target price on BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Finally, Mizuho lifted their target price on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $81.72.

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.