Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys New Stake in BILL Holdings, Inc. (NYSE:BILL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,029 shares of the company’s stock, valued at approximately $1,781,000.

A number of other institutional investors also recently added to or reduced their stakes in BILL. Abdiel Capital Advisors LP raised its holdings in BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after purchasing an additional 1,666,316 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after buying an additional 279,256 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of BILL by 51.5% in the 4th quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock worth $68,413,000 after buying an additional 274,701 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of BILL by 87.0% in the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after buying an additional 321,400 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in BILL by 5,201.3% during 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 in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BILL. Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 price target on shares of BILL in a report on Friday, February 7th. Oppenheimer reduced their target price on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and set a $85.00 price objective on shares of BILL in a research note on Friday, February 7th. Finally, KeyCorp decreased their target price on BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

BILL Stock Performance

Shares of BILL opened at $50.35 on Wednesday. BILL Holdings, Inc. has a 52 week low of $42.82 and a 52 week high of $100.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $5.13 billion, a PE ratio of -5,035.00, a PEG ratio of 29.46 and a beta of 2.00. The company’s 50 day moving average price is $66.45 and its 200 day moving average price is $70.10.

BILL (NYSE:BILL) last posted 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%. Research analysts expect 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.