BILL Holdings, Inc. (NYSE:BILL) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP grew its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 61.0% in the fourth quarter, HoldingsChannel reports. The fund owned 1,112,500 shares of the company’s stock after buying an additional 421,700 shares during the quarter. Two Sigma Advisers LP’s holdings in BILL were worth $94,240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Crewe Advisors LLC increased its position in BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares in the last quarter. Fifth Third Bancorp acquired a new stake in BILL during the 4th quarter worth approximately $27,000. CoreCap Advisors LLC acquired a new stake in BILL during the 4th quarter worth approximately $30,000. Global Retirement Partners LLC increased its position in BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after purchasing an additional 377 shares in the last quarter. Finally, Coppell Advisory Solutions LLC increased its position in BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock worth $32,000 after purchasing an additional 247 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BILL. KeyCorp dropped their target price on shares of BILL from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. BTIG Research began coverage on shares of BILL in a research report on Wednesday, April 30th. They set a “buy” rating and a $60.00 target price for the company. Morgan Stanley dropped their target price on shares of BILL from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, May 9th. Oppenheimer increased their target price on shares of BILL from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Finally, Seaport Res Ptn downgraded shares of BILL from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.67.

BILL Stock Down 1.2%

NYSE BILL opened at $46.27 on Monday. The stock has a market cap of $4.77 billion, a PE ratio of -4,627.00, a P/E/G ratio of 29.46 and a beta of 1.44. 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 business has a 50 day moving average price of $44.77 and a two-hundred day moving average price of $67.14. 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 released its earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. The company had revenue of $358.22 million during the quarter, compared to analysts’ expectations of $355.85 million. BILL had a return on equity of 1.53% and a net margin of 5.90%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. As a group, sell-side analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal 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.