Atria Investments Inc Purchases New Position in BILL Holdings, Inc. (NYSE:BILL)

Atria Investments Inc acquired a new stake in BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,693 shares of the company’s stock, valued at approximately $313,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC increased 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 during the period. Empowered Funds LLC lifted its stake in BILL by 4.0% in the fourth quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock valued at $451,000 after buying an additional 207 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after acquiring an additional 259 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of BILL during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 price target on shares of BILL in a research note on Friday, February 7th. The Goldman Sachs Group decreased their target price on shares of BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Robert W. Baird boosted their price target on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods decreased their price objective on BILL from $95.00 to $77.00 and set a “market perform” rating for the company 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 note on Friday, December 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, BILL currently has an average rating of “Moderate Buy” and an average price target of $81.72.

BILL Price Performance

Shares of NYSE BILL opened at $46.66 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. BILL Holdings, Inc. has a one year low of $42.82 and a one year high of $100.19. The firm has a market capitalization of $4.76 billion, a P/E ratio of -4,665.80, a PEG ratio of 29.46 and a beta of 2.00. The company’s fifty day moving average is $70.51 and its two-hundred day moving average is $70.35.

BILL (NYSE:BILL) last released its quarterly earnings data 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 return on equity of 1.53% and a net margin of 5.90%. Analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.