Empower Advisory Group LLC Has $1.98 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Empower Advisory Group LLC reduced its position in BILL Holdings, Inc. (NYSE:BILL) by 39.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,396 shares of the company’s stock after selling 15,000 shares during the quarter. Empower Advisory Group LLC’s holdings in BILL were worth $1,982,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BILL. Blue Trust Inc. boosted its stake in shares of BILL by 1,167.5% in the 3rd quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock valued at $101,000 after purchasing an additional 1,763 shares during the last quarter. Tempus Wealth Planning LLC bought a new stake in shares of BILL in the 3rd quarter valued at $245,000. Lecap Asset Management Ltd. boosted its stake in shares of BILL by 2.9% in the 3rd quarter. Lecap Asset Management Ltd. now owns 51,376 shares of the company’s stock valued at $2,711,000 after purchasing an additional 1,462 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in BILL by 297.7% during the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after acquiring an additional 284,935 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in BILL during the third quarter worth $358,000. 97.99% of the stock is owned by institutional investors.

BILL Stock Performance

Shares of BILL stock opened at $60.02 on Wednesday. The firm has a 50-day moving average of $84.59 and a 200-day moving average of $70.15. The company has a market cap of $6.21 billion, a P/E ratio of -6,001.90, a P/E/G ratio of 157.98 and a beta of 1.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings data 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 return on equity of 1.50% and a net margin of 5.90%. Equities research analysts forecast that BILL Holdings, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Thursday, January 16th. Oppenheimer dropped their price objective on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Robert W. Baird raised their price objective on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Mizuho raised their price objective on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, BILL has an average rating of “Moderate Buy” and a consensus 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.