Oregon Public Employees Retirement Fund Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Oregon Public Employees Retirement Fund acquired a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,400 shares of the company’s stock, valued at approximately $1,643,000.

Other hedge funds have also recently made changes to their positions in the company. Aigen Investment Management LP grew its holdings in shares of BILL by 612.3% during the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after buying an additional 47,761 shares during the last quarter. Legato Capital Management LLC acquired a new position in shares of BILL during the fourth quarter valued at about $828,000. WoodTrust Financial Corp acquired a new position in shares of BILL during the third quarter valued at about $422,000. Choreo LLC acquired a new position in shares of BILL during the fourth quarter valued at about $409,000. Finally, Rhumbline Advisers grew its holdings in shares of BILL by 153.7% during the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock valued at $22,959,000 after buying an additional 164,182 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Stock Performance

NYSE BILL opened at $55.22 on Friday. The company’s 50 day moving average is $79.25 and its 200-day moving average is $70.32. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $100.19. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a market cap of $5.63 billion, a P/E ratio of -5,521.50, a price-to-earnings-growth ratio of 29.46 and a beta of 1.76.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BILL. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of BILL in a report on Friday, February 7th. Piper Sandler restated an “overweight” rating and set a $85.00 price target on shares of BILL in a report on Friday, February 7th. Susquehanna boosted their price target on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. The Goldman Sachs Group cut their price target on shares of BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $105.00 price target on shares of BILL in a report on Friday, February 7th. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.