BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. reduced its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,061 shares of the company’s stock after selling 5,304 shares during the quarter. BILL makes up 0.9% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 21st biggest holding. Stanley Laman Group Ltd. owned about 0.07% of BILL worth $6,274,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Legato Capital Management LLC acquired a new stake in shares of BILL in the 4th quarter valued at about $828,000. Louisiana State Employees Retirement System acquired a new stake in shares of BILL in the 4th quarter valued at about $2,236,000. Empowered Funds LLC boosted its position in shares of 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 purchasing an additional 207 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of BILL in the 4th quarter valued at about $919,000. Finally, Crewe Advisors LLC boosted its position in shares of BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 173 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Stock Performance

NYSE BILL opened at $61.12 on Thursday. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $100.19. The company has a market capitalization of $6.33 billion, a P/E ratio of -6,112.00, a PEG ratio of 157.98 and a beta of 1.76. The business has a 50 day moving average price of $87.91 and a 200 day moving average price of $69.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share 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 1.50%. Sell-side analysts expect that BILL Holdings, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

BILL has been the subject of a number of recent research reports. Oppenheimer decreased their price objective on BILL from $110.00 to $90.00 and set an “outperform” 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 report on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price objective on shares of BILL in a research report on Friday, February 7th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Thursday, January 16th. Finally, Susquehanna increased their price objective on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.72.

About BILL

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.