Louisiana State Employees Retirement System Buys New Shares in BILL Holdings, Inc. (NYSE:BILL)

Louisiana State Employees Retirement System bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,400 shares of the company’s stock, valued at approximately $2,236,000.

A number of other large investors have also bought and sold shares of BILL. Aigen Investment Management LP grew its stake in shares of BILL by 612.3% in the 3rd quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after buying an additional 47,761 shares during the period. WoodTrust Financial Corp acquired a new stake in BILL in the third quarter valued at approximately $422,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of BILL during the third quarter valued at approximately $820,000. WCM Investment Management LLC raised its position in shares of BILL by 26.4% during the third quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock worth $15,647,000 after purchasing an additional 61,471 shares during the period. Finally, Telemark Asset Management LLC bought a new position in shares of BILL in the 3rd quarter worth $7,914,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BILL has been the topic of several research reports. Susquehanna upped their price objective on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Mizuho lifted their price target on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, February 7th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler reissued an “overweight” rating and issued a $85.00 price target on shares of BILL in a research report on Friday, February 7th. 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.72.

BILL Stock Down 1.8 %

BILL stock opened at $59.80 on Friday. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $100.19. The stock has a fifty day moving average of $86.59 and a 200-day moving average of $69.67. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of -5,980.20, a PEG ratio of 157.98 and a beta of 1.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

BILL (NYSE:BILL) last posted 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 return on equity of 1.50% and a net margin of 5.90%. As a group, equities research analysts predict that BILL Holdings, Inc. will post 0.04 earnings per share for the current 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.