Louisiana State Employees Retirement System Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Louisiana State Employees Retirement System acquired a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,400 shares of the company’s stock, valued at approximately $2,236,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Abdiel Capital Advisors LP raised its position in shares of BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after buying an additional 1,666,316 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after acquiring an additional 279,256 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of BILL by 87.0% in 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. Assenagon Asset Management S.A. boosted its position in shares of BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after acquiring an additional 284,935 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its holdings in shares of BILL by 26.9% during the third quarter. Iridian Asset Management LLC CT now owns 294,668 shares of the company’s stock worth $15,547,000 after purchasing an additional 62,499 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Trading Down 1.8 %

BILL opened at $59.80 on Friday. The firm 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. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $100.19. The business has a 50 day simple moving average of $86.59 and a two-hundred day simple moving average of $69.67. 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 (NYSE:BILL) last released its quarterly 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 1.50%. Analysts predict that BILL Holdings, Inc. will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BILL. Wells Fargo & Company lowered 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. 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 report on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of BILL in a research report on Friday, February 7th. Piper Sandler restated an “overweight” rating and set a $85.00 price target on shares of BILL in a research report on Friday, February 7th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $105.00 price objective on shares of BILL in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and an average 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.