MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 2,967 Shares of BILL Holdings, Inc. (NYSE:BILL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BILL Holdings, Inc. (NYSE:BILL) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,807 shares of the company’s stock after purchasing an additional 2,967 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.08% of BILL worth $6,931,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Legato Capital Management LLC bought a new stake in shares of BILL in the 4th quarter worth approximately $828,000. Choreo LLC purchased a new position in BILL in the fourth quarter worth $409,000. Rhumbline Advisers grew its position in BILL by 153.7% in the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock worth $22,959,000 after acquiring an additional 164,182 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in BILL by 29.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company’s stock valued at $1,543,000 after buying an additional 4,248 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in BILL during the fourth quarter valued at about $919,000. Institutional investors own 97.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BILL shares. Oppenheimer upped their price objective on shares of BILL from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Wells Fargo & Company reduced their price target on shares of BILL from $43.00 to $40.00 and set an “underweight” rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group cut their target price on shares of BILL from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley cut 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. Finally, BTIG Research initiated coverage on shares of BILL in a research note on Wednesday, April 30th. They set a “buy” rating and a $60.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.67.

BILL Stock Down 1.2%

Shares of BILL stock opened at $46.27 on Friday. The stock has a market cap of $4.72 billion, a P/E ratio of -4,627.00, a PEG ratio of 29.46 and a beta of 1.44. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. 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 company’s fifty day simple moving average is $44.77 and its two-hundred day simple moving average is $67.08.

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

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.