Keybank National Association OH Buys Shares of 2,987 BILL Holdings, Inc. (NYSE:BILL)

Keybank National Association OH bought a new stake in BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,987 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds have also recently added to or reduced their stakes in BILL. State of Michigan Retirement System acquired a new position in shares of BILL during the fourth quarter worth $1,914,000. SBI Securities Co. Ltd. acquired a new position in shares of BILL during the fourth quarter worth $62,000. SRS Capital Advisors Inc. lifted its holdings in shares of BILL by 84.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,437 shares of the company’s stock worth $122,000 after purchasing an additional 660 shares during the period. Mutual of America Capital Management LLC acquired a new position in shares of BILL during the fourth quarter worth $4,261,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of BILL by 26.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 7,237 shares of the company’s stock worth $613,000 after purchasing an additional 1,494 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Trading Up 2.0 %

BILL opened at $44.46 on Wednesday. BILL Holdings, Inc. has a 1-year low of $42.91 and a 1-year high of $100.19. 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 company has a market cap of $4.53 billion, a P/E ratio of -4,445.50, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. The company has a fifty day moving average price of $73.73 and a two-hundred day moving average price of $70.54.

BILL (NYSE:BILL) last posted its 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%. Analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on BILL. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Thursday, January 16th. Mizuho lifted their price target on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Keefe, Bruyette & Woods cut their price target on shares of BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Piper Sandler reissued an “overweight” rating and set a $85.00 target price on shares of BILL in a research note on Friday, February 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of BILL in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.72.

About BILL

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.