New York State Common Retirement Fund Increases Stake in BILL Holdings, Inc. (NYSE:BILL)

New York State Common Retirement Fund raised its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 147.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,621 shares of the company’s stock after buying an additional 81,481 shares during the quarter. New York State Common Retirement Fund’s holdings in BILL were worth $11,573,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BILL. GAMMA Investing LLC boosted its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the last quarter. Crewe Advisors LLC lifted its stake in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares in the last quarter. Fifth Third Bancorp purchased a new position in BILL in the 4th quarter worth approximately $27,000. UMB Bank n.a. acquired a new position in shares of BILL during the 4th quarter worth approximately $35,000. Finally, Brooklyn Investment Group purchased a new stake in shares of BILL in the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Stock Performance

Shares of BILL stock opened at $53.23 on Tuesday. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of -5,322.60, a price-to-earnings-growth ratio of 31.59 and a beta of 1.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The business has a 50-day moving average of $81.89 and a 200 day moving average of $70.44. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $100.19.

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%. As a group, sell-side analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

BILL has been the topic of a number of recent research reports. Canaccord Genuity Group reissued a “buy” rating and set a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. Oppenheimer lowered their price target on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. KeyCorp dropped their price objective on shares of BILL from $115.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Keefe, Bruyette & Woods reduced their target price on shares of BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Finally, Piper Sandler reissued an “overweight” rating and issued a $85.00 price target on shares of BILL in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.72.

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.