WINTON GROUP Ltd Acquires Shares of 13,729 BILL Holdings, Inc. (NYSE:BILL)

WINTON GROUP Ltd purchased a new position in BILL Holdings, Inc. (NYSE:BILL) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 13,729 shares of the company’s stock, valued at approximately $1,163,000.

Several other institutional investors have also modified their holdings of the business. Abdiel Capital Advisors LP grew its holdings in BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after acquiring an additional 1,666,316 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of BILL by 5,201.3% during the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock worth $33,173,000 after purchasing an additional 384,217 shares during the last quarter. Two Sigma Advisers LP lifted its position 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in BILL by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after purchasing an additional 279,256 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in BILL by 51.5% in the fourth quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock valued at $68,413,000 after buying an additional 274,701 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BILL shares. Susquehanna increased their target price on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research note on Thursday, January 16th. Piper Sandler reiterated an “overweight” rating and set a $85.00 target price on shares of BILL in a research note on Friday, February 7th. Keefe, Bruyette & Woods reduced their price target on shares of BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Finally, Mizuho lifted their price target 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 research 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 MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

BILL Trading Down 4.5 %

NYSE:BILL opened at $46.28 on Friday. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of -4,628.30, a PEG ratio of 29.46 and a beta of 2.00. 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 1 year low of $42.82 and a 1 year high of $100.19. The business has a fifty day moving average of $64.03 and a 200-day moving average of $69.74.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (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%. Equities analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current 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.