Pinnacle Wealth Planning Services Inc. Acquires New Shares in BILL Holdings, Inc. (NYSE:BILL)

Pinnacle Wealth Planning Services Inc. bought a new position in BILL Holdings, Inc. (NYSE:BILL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,558 shares of the company’s stock, valued at approximately $217,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Abdiel Capital Advisors LP raised its holdings in shares of BILL by 48.2% during 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 last quarter. Charles Schwab Investment Management Inc. increased its position in BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after acquiring an additional 279,256 shares during the period. Bank of New York Mellon Corp raised its stake in BILL by 51.5% during 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 acquiring an additional 274,701 shares in the last quarter. Two Sigma Advisers LP raised its stake in 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. Finally, Principal Financial Group Inc. boosted its position in BILL by 5,201.3% during the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock worth $33,173,000 after acquiring an additional 384,217 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Trading Down 0.9 %

NYSE:BILL opened at $47.24 on Friday. The stock has a fifty day simple moving average of $75.38 and a 200 day simple moving average of $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. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of -4,723.90, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $100.19.

BILL (NYSE:BILL) last released 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 1.53% and a net margin of 5.90%. Sell-side analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price target on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. KeyCorp lowered their target price on shares of BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group reduced their price target on shares of BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Susquehanna raised their price objective on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Finally, Mizuho upped their target price on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.