Campbell & CO Investment Adviser LLC acquired a new stake in BILL Holdings, Inc. (NYSE:BILL – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,686 shares of the company’s stock, valued at approximately $217,000.
Several other institutional investors and hedge funds have also bought and sold shares of BILL. Quarry LP lifted its stake in BILL by 85.9% in the 1st quarter. Quarry LP now owns 766 shares of the company’s stock valued at $35,000 after purchasing an additional 354 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of BILL by 73.6% in the first quarter. Brooklyn Investment Group now owns 889 shares of the company’s stock valued at $41,000 after buying an additional 377 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of BILL by 283.3% during the 2nd quarter. UMB Bank n.a. now owns 1,215 shares of the company’s stock worth $56,000 after acquiring an additional 898 shares during the period. Blue Trust Inc. increased its holdings in shares of BILL by 102.7% during the 2nd quarter. Blue Trust Inc. now owns 1,261 shares of the company’s stock worth $58,000 after acquiring an additional 639 shares during the last quarter. Finally, State of Wyoming bought a new stake in BILL in the 1st quarter valued at $62,000. Institutional investors own 97.99% of the company’s stock.
BILL Stock Down 1.5%
Shares of BILL opened at $49.58 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.47. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The firm’s 50 day moving average is $50.94 and its 200-day moving average is $46.91. The stock has a market capitalization of $4.97 billion, a PE ratio of -183.61, a P/E/G ratio of 7.56 and a beta of 1.43.
BILL announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 27th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 7.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
Analysts Set New Price Targets
BILL has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $56.00 to $48.00 and set a “market perform” rating for the company in a research report on Friday, November 7th. Susquehanna reduced their target price on shares of BILL from $89.00 to $84.00 and set a “positive” rating for the company in a report on Friday, November 7th. BMO Capital Markets lowered their price target on shares of BILL from $56.00 to $54.00 and set a “market perform” rating on the stock in a report on Friday, November 7th. UBS Group reduced their price objective on BILL from $65.00 to $60.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, Oppenheimer upped their target price on BILL from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.90.
Get Our Latest Stock Analysis on BILL
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.
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