IFP Advisors Inc Acquires 785 Shares of BILL Holdings, Inc. (NYSE:BILL)

IFP Advisors Inc raised its holdings in BILL Holdings, Inc. (NYSE:BILL) by 237.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,115 shares of the company’s stock after buying an additional 785 shares during the period. IFP Advisors Inc’s holdings in BILL were worth $94,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BILL. Abdiel Capital Advisors LP raised its stake in BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after buying an additional 1,666,316 shares during the period. Principal Financial Group Inc. raised its stake in BILL by 5,201.3% in the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after buying an additional 384,217 shares during the period. Two Sigma Advisers LP raised its stake in BILL by 87.0% in the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after buying an additional 321,400 shares during the period. Charles Schwab Investment Management Inc. raised its stake in BILL by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after buying an additional 279,256 shares during the period. Finally, Invenomic Capital Management LP raised its stake in BILL by 204.1% in the third quarter. Invenomic Capital Management LP now owns 287,245 shares of the company’s stock valued at $15,155,000 after buying an additional 192,776 shares during the period. Institutional investors own 97.99% of the company’s stock.

BILL Stock Down 1.5 %

NYSE BILL opened at $49.44 on Thursday. The business has a fifty day moving average price of $77.00 and a two-hundred day moving average price of $70.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $100.19. The stock has a market capitalization of $5.04 billion, a PE ratio of -4,943.50, a PEG ratio of 29.46 and a beta of 2.00.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BILL shares. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 target price on shares of BILL in a research report on Friday, February 7th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $105.00 target price on shares of BILL in a research report on Friday, February 7th. Oppenheimer decreased their target price on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Susquehanna upped their target price on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group decreased their target price on BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. 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, the stock presently has a consensus 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.