Cohen Capital Management Inc. Lowers Holdings in BILL Holdings, Inc. (NYSE:BILL)

Cohen Capital Management Inc. trimmed its holdings in BILL Holdings, Inc. (NYSE:BILL) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 81,388 shares of the company’s stock after selling 962 shares during the quarter. BILL accounts for approximately 1.2% of Cohen Capital Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Cohen Capital Management Inc. owned 0.08% of BILL worth $6,894,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC boosted its holdings in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 173 shares during the last quarter. Fifth Third Bancorp purchased a new stake in BILL in the fourth quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in BILL in the third quarter valued at $28,000. Finally, Global Retirement Partners LLC boosted its holdings in 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 purchasing an additional 377 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their target price on shares of BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group lowered their target price on shares of BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Mizuho increased their target price on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Thursday, January 16th. Finally, Piper Sandler reissued an “overweight” rating and set a $85.00 target price 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 assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.72.

BILL Stock Down 6.9 %

BILL stock opened at $52.63 on Friday. The company has a market cap of $5.37 billion, a price-to-earnings ratio of -5,263.40, a PEG ratio of 31.59 and a beta of 1.76. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $100.19. The firm has a 50-day moving average of $82.58 and a two-hundred day moving average of $70.21.

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

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.