Vestor Capital LLC Makes New Investment in BILL Holdings, Inc. (NYSE:BILL)

Vestor Capital LLC bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,901 shares of the company’s stock, valued at approximately $2,448,000.

Several other institutional investors have also recently bought and sold shares of BILL. GAMMA Investing LLC raised its stake in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC raised its stake in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of BILL in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in shares of BILL in the third quarter valued at approximately $28,000. Finally, Global Retirement Partners LLC increased its stake in shares of BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after buying an additional 377 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Price Performance

BILL stock opened at $47.90 on Friday. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of -4,790.10, a PEG ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 52-week low of $42.82 and a 52-week high of $100.19. The stock’s 50 day moving average price is $67.69 and its two-hundred day moving average price is $69.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BILL. Wells Fargo & Company lowered their price objective on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Monday, March 17th. Mizuho upped their price objective on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. One investment 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 currently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

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.