Principal Securities Inc. Boosts Stake in BILL Holdings, Inc. (NYSE:BILL)

Principal Securities Inc. increased its position in BILL Holdings, Inc. (NYSE:BILL) by 2,721.9% in the 4th quarter, Holdings Channel reports. The firm owned 903 shares of the company’s stock after buying an additional 871 shares during the period. Principal Securities Inc.’s holdings in BILL were worth $76,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aigen Investment Management LP lifted its holdings in shares of BILL by 612.3% in the 3rd 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 during the last quarter. Legato Capital Management LLC purchased a new stake in BILL during the 4th quarter valued at approximately $828,000. WoodTrust Financial Corp purchased a new stake in BILL during the 3rd quarter valued at approximately $422,000. Choreo LLC purchased a new stake in BILL during the 4th quarter valued at approximately $409,000. Finally, Rhumbline Advisers raised its stake in BILL by 153.7% during the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock valued at $22,959,000 after acquiring an additional 164,182 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on BILL shares. Robert W. Baird upped their price objective on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods reduced their price objective on BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group reduced their price objective on BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Mizuho upped their price objective on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 target price on shares of BILL in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, BILL has an average rating of “Moderate Buy” and a consensus price target of $81.72.

BILL Stock Performance

BILL opened at $54.02 on Thursday. The stock has a market cap of $5.51 billion, a P/E ratio of -5,402.20, a P/E/G ratio of 29.46 and a beta of 1.76. 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 stock’s 50 day simple moving average is $80.62 and its 200 day simple moving average is $70.37. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $100.19.

BILL (NYSE:BILL) last released 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 return on equity of 1.53% and a net margin of 5.90%. As a group, equities analysts anticipate 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.