Swiss National Bank Purchases 2,500 Shares of BILL Holdings, Inc. (NYSE:BILL)

Swiss National Bank boosted its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 1.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 199,400 shares of the company’s stock after acquiring an additional 2,500 shares during the period. Swiss National Bank’s holdings in BILL were worth $16,891,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 173 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of BILL by 4.0% in the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock valued at $451,000 after purchasing an additional 207 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of BILL in the 4th quarter valued at approximately $27,000. 97.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered 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. Keefe, Bruyette & Woods reduced their price target on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and issued a $85.00 price target on shares of BILL in a report on Friday, February 7th. Oppenheimer reduced their price target on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.89.

BILL Trading Up 0.9 %

BILL opened at $46.98 on Wednesday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of -4,697.90, a PEG ratio of 29.46 and a beta of 2.00. 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 Holdings, Inc. has a 12 month low of $42.82 and a 12 month high of $100.19. The stock has a fifty day moving average price of $69.77 and a 200-day moving average price of $70.29.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate 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 research analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share 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.