PNC Financial Services Group Inc. Acquires 2,710 Shares of BILL Holdings, Inc. (NYSE:BILL)

PNC Financial Services Group Inc. lifted its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 472.9% during the fourth quarter, HoldingsChannel reports. The firm owned 3,283 shares of the company’s stock after purchasing an additional 2,710 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BILL were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BILL. GAMMA Investing LLC increased its holdings in 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 during the last quarter. Crewe Advisors LLC increased its holdings in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the last quarter. Empowered Funds LLC increased its holdings in BILL by 4.0% in the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock worth $451,000 after acquiring an additional 207 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after acquiring an additional 259 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in BILL in the 4th quarter worth about $27,000. 97.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BILL shares. KeyCorp decreased their price objective on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Oppenheimer reduced 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. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 target price on shares of BILL in a report on Friday, February 7th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Thursday, January 16th. Finally, Robert W. Baird lifted their target price on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. 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 MarketBeat.com, BILL currently has an average rating of “Moderate Buy” and an average price target of $80.89.

BILL Stock Performance

Shares of BILL opened at $47.90 on Friday. The stock has a 50-day moving average price of $67.69 and a 200-day moving average price of $70.06. The company has a market cap of $4.88 billion, a PE ratio of -4,790.10, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 12-month low of $42.82 and a 12-month high of $100.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL) last released its 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 forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.