New York State Teachers Retirement System Acquires New Shares in BILL Holdings, Inc. (NYSE:BILL)

New York State Teachers Retirement System acquired a new stake in BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,600 shares of the company’s stock, valued at approximately $1,237,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aigen Investment Management LP increased its holdings in shares of BILL by 612.3% in the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock worth $2,931,000 after acquiring an additional 47,761 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of BILL in the fourth quarter worth about $828,000. WoodTrust Financial Corp bought a new stake in shares of BILL in the third quarter worth about $422,000. Choreo LLC bought a new position in shares of BILL during the fourth quarter worth about $409,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BILL during the third quarter worth about $820,000. Institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BILL shares. KeyCorp decreased their price objective on BILL from $115.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Oppenheimer decreased their price objective on BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Robert W. Baird increased their price objective on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler reissued an “overweight” rating and set a $85.00 price target 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.72.

BILL Price Performance

Shares of BILL opened at $52.63 on Monday. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $100.19. The business has a 50-day simple moving average of $82.58 and a two-hundred day simple moving average of $70.39. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The stock has a market cap of $5.37 billion, a PE ratio of -5,263.40, a PEG ratio of 31.59 and a beta of 1.76.

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

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.