Natixis Makes New Investment in BILL Holdings, Inc. (NYSE:BILL)

Natixis acquired a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, HoldingsChannel reports. The firm acquired 217,878 shares of the company’s stock, valued at approximately $18,456,000.

Several other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of BILL by 74.9% during 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 period. Crewe Advisors LLC raised its position in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares in the last quarter. Empowered Funds LLC lifted its holdings in BILL by 4.0% in the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock valued at $451,000 after acquiring an additional 207 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of BILL during the 4th quarter valued at about $27,000. Finally, Versant Capital Management Inc raised its holdings in shares of BILL by 26.7% in the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock worth $137,000 after purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

BILL has been the topic of several recent research reports. KeyCorp decreased their price target on shares of BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Wells Fargo & Company decreased their price target on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of BILL in a research note on Monday, March 17th. Piper Sandler cut their price target on shares of BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Finally, The Goldman Sachs Group decreased their price objective on shares of BILL from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.72.

BILL Stock Down 0.7 %

BILL stock opened at $40.63 on Friday. The company has a market capitalization of $4.14 billion, a P/E ratio of -4,063.40, a P/E/G ratio of 29.46 and a beta of 1.88. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The firm’s fifty day simple moving average is $48.09 and its 200-day simple moving average is $68.51. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share 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%. Sell-side analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL Company 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.