DekaBank Deutsche Girozentrale Grows Stock Position in BILL Holdings, Inc. (NYSE:BILL)

DekaBank Deutsche Girozentrale increased its holdings in BILL Holdings, Inc. (NYSE:BILL) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,492 shares of the company’s stock after buying an additional 263 shares during the period. DekaBank Deutsche Girozentrale’s holdings in BILL were worth $532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quarry LP lifted its holdings in BILL by 173.4% in the 1st quarter. Quarry LP now owns 391 shares of the company’s stock valued at $32,000 after purchasing an additional 248 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in BILL in the 1st quarter valued at about $38,000. Coppell Advisory Solutions Corp. purchased a new position in BILL in the 4th quarter valued at about $44,000. Coppell Advisory Solutions LLC purchased a new position in BILL in the 2nd quarter valued at about $52,000. Finally, Meeder Asset Management Inc. lifted its holdings in BILL by 416.7% in the 4th quarter. Meeder Asset Management Inc. now owns 589 shares of the company’s stock valued at $64,000 after purchasing an additional 475 shares in the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BILL shares. Wells Fargo & Company restated an “underweight” rating and issued a $60.00 target price (down from $70.00) on shares of BILL in a report on Monday, April 1st. Piper Sandler reduced their target price on shares of BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Oppenheimer upped their price objective on shares of BILL from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Finally, Citigroup upped their price objective on shares of BILL from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, BILL presently has an average rating of “Moderate Buy” and a consensus price target of $105.76.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the transaction, the senior vice president now owns 5,093 shares in the company, valued at approximately $332,776.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by company insiders.

BILL Stock Down 1.2 %

BILL opened at $60.92 on Tuesday. The firm has a 50 day moving average price of $65.52 and a 200 day moving average price of $75.20. The company has a market cap of $6.41 billion, a PE ratio of -56.41, a price-to-earnings-growth ratio of 82.99 and a beta of 1.66. BILL Holdings, Inc. has a 1 year low of $51.94 and a 1 year high of $139.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. Sell-side analysts expect that BILL Holdings, Inc. will post 0.03 earnings per share for the current year.

BILL Company 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.