Teacher Retirement System of Texas Acquires 53,005 Shares of BILL Holdings, Inc. (NYSE:BILL)

Teacher Retirement System of Texas increased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 633.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 61,375 shares of the company’s stock after acquiring an additional 53,005 shares during the period. Teacher Retirement System of Texas’ holdings in BILL were worth $5,199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC increased its stake in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the period. Crewe Advisors LLC grew its holdings in shares of BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the last quarter. Empowered Funds LLC increased its stake in BILL by 4.0% in the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock worth $451,000 after buying an additional 207 shares during the period. Advisors Asset Management Inc. lifted its holdings in BILL by 30.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after buying an additional 259 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in BILL in the 4th quarter valued at about $27,000. 97.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BILL shares. Mizuho raised their target price on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Canaccord Genuity Group restated a “buy” rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Oppenheimer lowered their target price on BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Susquehanna raised their price target on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Finally, Robert W. Baird lifted their price objective on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, BILL currently has an average rating of “Moderate Buy” and a consensus price target of $80.89.

BILL Stock Down 0.1 %

BILL stock opened at $47.90 on Monday. BILL Holdings, Inc. has a 1-year low of $42.82 and a 1-year high of $100.19. The business has a fifty day moving average price of $67.69 and a 200-day moving average price of $70.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. 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 (NYSE:BILL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share 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%. Equities research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.