BILL Holdings, Inc. (NYSE:BILL) Stock Position Decreased by Blue Trust Inc.

Blue Trust Inc. lowered its holdings in BILL Holdings, Inc. (NYSE:BILL) by 70.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 562 shares of the company’s stock after selling 1,352 shares during the period. Blue Trust Inc.’s holdings in BILL were worth $48,000 at the end of the most recent quarter.

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

BILL Stock Up 0.6 %

BILL stock opened at $53.59 on Wednesday. The firm has a market cap of $5.46 billion, a PE ratio of -5,359.20, a P/E/G ratio of 29.46 and a beta of 1.76. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $100.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a 50 day simple moving average of $81.21 and a 200 day simple moving average of $70.49.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS 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 research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

BILL has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of BILL in a research report on Friday, February 7th. Keefe, Bruyette & Woods reduced their price target on BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Thursday, January 16th. Susquehanna upped their price objective on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, Mizuho increased their target price on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.72.

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.