Caprock Group LLC Invests $211,000 in BILL Holdings, Inc. (NYSE:BILL)

Caprock Group LLC acquired a new stake in BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, Holdings Channel reports. The firm acquired 2,485 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors also recently modified their holdings of the stock. Aigen Investment Management LP increased its stake in BILL by 612.3% in the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after purchasing an additional 47,761 shares in the last quarter. WoodTrust Financial Corp bought a new stake in BILL in the 3rd quarter valued at about $422,000. Dynamic Technology Lab Private Ltd acquired a new position in BILL during the 3rd quarter worth approximately $820,000. WCM Investment Management LLC boosted its holdings in BILL by 26.4% in the third quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock worth $15,647,000 after acquiring an additional 61,471 shares in the last quarter. Finally, Telemark Asset Management LLC acquired a new stake in BILL in the third quarter valued at approximately $7,914,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Price Performance

BILL opened at $62.40 on Friday. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of -189.08, a PEG ratio of 164.86 and a beta of 1.76. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $89.50 and a 200-day moving average price of $69.34. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $100.19.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.54% and a net margin of 0.59%. Equities analysts expect that BILL Holdings, Inc. will post 0.04 EPS for the current year.

Insider Transactions at BILL

In other news, Director Alison Wagonfeld sold 779 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now owns 259 shares of the company’s stock, valued at $23,310. This represents a 75.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BILL shares. Oppenheimer lowered their target price on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday. Keefe, Bruyette & Woods decreased their price target on BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a report on Friday. KeyCorp decreased their price objective on shares of BILL from $115.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday. The Goldman Sachs Group cut their target price on BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Robert W. Baird increased their price target on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.95.

About BILL

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.