Pinnacle Wealth Planning Services Inc. Purchases Shares of 2,558 BILL Holdings, Inc. (NYSE:BILL)

Pinnacle Wealth Planning Services Inc. acquired a new position in BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,558 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Abdiel Capital Advisors LP raised its holdings in BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after buying an additional 1,666,316 shares during the period. Principal Financial Group Inc. raised its stake in shares of BILL by 5,201.3% in the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after acquiring an additional 384,217 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of BILL by 87.0% during the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after acquiring an additional 321,400 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after purchasing an additional 279,256 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in BILL by 51.5% in the 4th quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock valued at $68,413,000 after purchasing an additional 274,701 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Trading Down 0.9 %

Shares of NYSE BILL opened at $47.24 on Friday. The stock has a market capitalization of $4.82 billion, a P/E ratio of -4,723.90, a PEG ratio of 29.46 and a beta of 2.00. The stock’s 50 day moving average price is $75.38 and its two-hundred day moving average price is $70.34. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $100.19.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (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%. On average, analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Susquehanna boosted their price objective on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their price target on BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a report on Friday, February 7th. The Goldman Sachs Group lowered their price objective on shares of BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Robert W. Baird boosted their target price on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price target on shares of BILL in a 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.72.

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.