Securian Asset Management Inc. Buys New Stake in BILL Holdings, Inc. (NYSE:BILL)

Securian Asset Management Inc. bought a new stake in BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,198 shares of the company’s stock, valued at approximately $610,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legato Capital Management LLC purchased a new stake in BILL in the 4th quarter valued at approximately $828,000. Choreo LLC acquired a new position in BILL in the 4th quarter valued at $409,000. Rhumbline Advisers raised its holdings in BILL by 153.7% in 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. Dynamic Technology Lab Private Ltd acquired a new position in BILL in the 3rd quarter valued at $820,000. Finally, Telemark Asset Management LLC acquired a new position in BILL in the 3rd quarter valued at $7,914,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Trading Up 5.4 %

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

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. Research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BILL. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a report on Thursday, January 16th. The Goldman Sachs Group cut their price target on BILL from $104.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 7th. KeyCorp cut their price target on BILL from $115.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Robert W. Baird upped their price objective on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, Oppenheimer dropped their price objective on BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock 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.