Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in BILL Holdings, Inc. (NYSE:BILL)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 12.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,084 shares of the company’s stock after acquiring an additional 2,736 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BILL were worth $2,125,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BILL. GAMMA Investing LLC lifted its holdings in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC raised its stake in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the period. Empowered Funds LLC raised its stake in shares of BILL by 4.0% during the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock worth $451,000 after buying an additional 207 shares during the period. Advisors Asset Management Inc. raised its stake in shares of BILL by 30.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after buying an additional 259 shares during the period. Finally, Fifth Third Bancorp acquired a new position in BILL in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Price Performance

BILL opened at $46.40 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of -4,639.50, a PEG ratio of 29.46 and a beta of 2.00. The stock’s 50-day moving average price is $71.32 and its 200 day moving average price is $70.40. BILL Holdings, Inc. has a 12-month low of $42.82 and a 12-month high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings results 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 net margin of 5.90% and a return on equity of 1.53%. As a group, sell-side analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

BILL has been the subject of several recent research reports. KeyCorp reduced their price objective on BILL from $115.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of BILL in a report on Friday, February 7th. Oppenheimer dropped their target price on BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Canaccord Genuity Group restated a “buy” rating and issued a $105.00 target price on shares of BILL in a report on Friday, February 7th. Finally, Susquehanna upped their target price on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.