PNC Financial Services Group Inc. Has $278,000 Position in BILL Holdings, Inc. (NYSE:BILL)

PNC Financial Services Group Inc. raised its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 472.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,283 shares of the company’s stock after purchasing an additional 2,710 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BILL were worth $278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BILL. Abdiel Capital Advisors LP increased its position in BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after purchasing an additional 1,666,316 shares during the period. Principal Financial Group Inc. increased its position in BILL by 5,201.3% during the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after purchasing an additional 384,217 shares during the period. Two Sigma Advisers LP increased its position in BILL by 87.0% during the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after purchasing an additional 321,400 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after buying an additional 279,256 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of BILL by 51.5% during the 4th quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock worth $68,413,000 after buying an additional 274,701 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Price Performance

Shares of NYSE:BILL opened at $47.90 on Friday. 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 stock’s fifty day simple moving average is $67.69 and its two-hundred day simple moving average is $70.06. BILL Holdings, Inc. has a 1-year low of $42.82 and a 1-year high of $100.19. The stock has a market cap of $4.88 billion, a PE ratio of -4,790.10, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00.

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

Analyst Upgrades and Downgrades

BILL has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of BILL in a research report on Monday, March 17th. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Mizuho raised their price objective on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price objective on shares of BILL in a research report on Friday, February 7th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $105.00 price objective on shares of BILL in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $80.89.

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.