BILL Holdings, Inc. (NYSE:BILL) Stock Holdings Lifted by Pier Capital LLC

Pier Capital LLC raised its holdings in BILL Holdings, Inc. (NYSE:BILL) by 24.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 127,818 shares of the company’s stock after acquiring an additional 25,465 shares during the quarter. BILL makes up about 1.5% of Pier Capital LLC’s holdings, making the stock its 7th largest holding. Pier Capital LLC’s holdings in BILL were worth $10,827,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several brokerages have commented on BILL. Robert W. Baird lifted their price objective on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Mizuho raised their target price on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group decreased their price target on BILL from $104.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 7th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. Finally, Oppenheimer decreased their target price on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.89.

BILL Stock Performance

NYSE BILL opened at $50.95 on Tuesday. 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 stock’s 50 day simple moving average is $67.09 and its 200-day simple moving average is $70.13. The company has a market cap of $5.19 billion, a PE ratio of -5,095.40, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 1-year low of $42.82 and a 1-year high of $100.19.

BILL (NYSE:BILL) last announced its quarterly earnings data 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 net margin of 5.90% and a return on equity of 1.53%. As a group, equities research analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS 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.