Coign Capital Advisors LLC Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Coign Capital Advisors LLC bought a new position in BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,417 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in BILL by 43.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,115,465 shares of the company’s stock worth $94,491,000 after purchasing an additional 338,465 shares during the period. Legal & General Group Plc raised its holdings in BILL by 27.2% in the fourth quarter. Legal & General Group Plc now owns 153,394 shares of the company’s stock worth $12,994,000 after purchasing an additional 32,762 shares in the last quarter. Invesco Ltd. increased its stake in shares of BILL by 828.1% in the 4th quarter. Invesco Ltd. now owns 1,301,720 shares of the company’s stock worth $110,269,000 after acquiring an additional 1,161,457 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of BILL by 17.8% during the fourth quarter. Federated Hermes Inc. now owns 525,058 shares of the company’s stock valued at $44,478,000 after purchasing an additional 79,476 shares during the last quarter. Finally, Sepio Capital LP raised its stake in BILL by 413.7% during the fourth quarter. Sepio Capital LP now owns 526,396 shares of the company’s stock valued at $44,591,000 after buying an additional 423,928 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Trading Down 5.9 %

Shares of BILL opened at $41.39 on Friday. The company’s fifty day moving average is $52.72 and its 200 day moving average is $68.97. 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 stock has a market capitalization of $4.22 billion, a PE ratio of -4,139.00, a P/E/G ratio of 29.46 and a beta of 1.88. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19.

BILL (NYSE:BILL) last issued 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 return on equity of 1.53% and a net margin of 5.90%. Sell-side analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Mizuho boosted their price objective on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. 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. Wells Fargo & Company decreased their price objective on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods lowered their price target on shares of BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a report on Monday, March 31st. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.61.

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.