Rhumbline Advisers Purchases 164,182 Shares of BILL Holdings, Inc. (NYSE:BILL)

Rhumbline Advisers increased its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 153.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 271,027 shares of the company’s stock after acquiring an additional 164,182 shares during the quarter. Rhumbline Advisers owned about 0.26% of BILL worth $22,959,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in BILL by 1,167.5% during the 3rd quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock valued at $101,000 after purchasing an additional 1,763 shares in the last quarter. Tempus Wealth Planning LLC acquired a new position in BILL during the 3rd quarter valued at approximately $245,000. Assenagon Asset Management S.A. increased its stake in BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after purchasing an additional 284,935 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in BILL during the 3rd quarter valued at approximately $358,000. Finally, Iridian Asset Management LLC CT increased its stake in BILL by 26.9% during the 3rd quarter. Iridian Asset Management LLC CT now owns 294,668 shares of the company’s stock valued at $15,547,000 after purchasing an additional 62,499 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Trading Down 2.5 %

NYSE BILL opened at $56.50 on Friday. The firm has a 50 day simple moving average of $83.28 and a 200-day simple moving average of $69.97. 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 $43.11 and a one year high of $100.19. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of -5,650.10, a PEG ratio of 33.54 and a beta of 1.76.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on BILL. The Goldman Sachs Group dropped their price objective on shares of BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Thursday, January 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of BILL in a report on Friday, February 7th. Susquehanna upped their price objective on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Finally, Mizuho upped their price objective on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. 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 stock. Based on data from MarketBeat.com, the stock 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.