BILL Holdings, Inc. (NYSE:BILL) Position Lowered by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its position in BILL Holdings, Inc. (NYSE:BILL) by 5.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 37,625 shares of the company’s stock after selling 2,230 shares during the period. State of New Jersey Common Pension Fund D’s holdings in BILL were worth $3,187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC lifted its stake in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the last quarter. Fifth Third Bancorp acquired a new position in BILL in the fourth quarter worth $27,000. Brooklyn Investment Group bought a new stake in BILL during the third quarter valued at $28,000. Finally, UMB Bank n.a. acquired a new stake in shares of BILL during the fourth quarter worth $35,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Trading Down 3.5 %

NYSE BILL opened at $57.94 on Thursday. The firm’s 50 day moving average price is $83.95 and its two-hundred day moving average price is $70.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $100.19. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of -5,794.40, a PEG ratio of 33.43 and a beta of 1.76.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. Equities analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

BILL has been the subject of several research reports. Mizuho lifted their price target on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Susquehanna lifted their target price on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. KeyCorp dropped their price target on BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Piper Sandler restated an “overweight” rating and set a $85.00 price objective on shares of BILL in a research report on Friday, February 7th. Finally, Wells Fargo & Company dropped their target price on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.72.

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.