Nicholas Investment Partners LP Acquires New Shares in BILL Holdings, Inc. (NYSE:BILL)

Nicholas Investment Partners LP bought a new position in BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 86,537 shares of the company’s stock, valued at approximately $7,331,000. Nicholas Investment Partners LP owned 0.08% of BILL at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC raised its stake in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 173 shares during the last quarter. Empowered Funds LLC grew its position in BILL by 4.0% during the fourth quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock valued at $451,000 after buying an additional 207 shares during the period. Coppell Advisory Solutions LLC lifted its position in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock valued at $32,000 after buying an additional 247 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in BILL in the 4th quarter valued at $27,000. Institutional investors own 97.99% of the company’s stock.

BILL Price Performance

Shares of NYSE:BILL opened at $47.75 on Wednesday. The firm has a 50 day moving average of $44.65 and a 200-day moving average of $67.28. The stock has a market capitalization of $4.87 billion, a PE ratio of -4,775.00, a PEG ratio of 29.46 and a beta of 1.44. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL) last posted its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. The firm had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. BILL had a net margin of 5.90% and a return on equity of 1.53%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. On average, equities research analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BILL. Canaccord Genuity Group cut their price objective on BILL from $105.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday. UBS Group lifted their price objective on BILL from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Mizuho decreased their price target on BILL from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Monday. Seaport Res Ptn cut shares of BILL from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 17th. Finally, Needham & Company LLC reduced their price objective on BILL from $100.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.67.

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.