1,179,393 Shares in BILL Holdings, Inc. (NYSE:BILL) Purchased by Norges Bank

Norges Bank bought a new stake in BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,179,393 shares of the company’s stock, valued at approximately $99,906,000. Norges Bank owned approximately 1.14% of BILL at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Blair William & Co. IL grew its holdings in shares of BILL by 19.4% in the fourth quarter. Blair William & Co. IL now owns 128,018 shares of the company’s stock valued at $10,844,000 after purchasing an additional 20,769 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of BILL in the fourth quarter worth $1,163,000. Pier Capital LLC increased its position in shares of BILL by 24.9% during the fourth quarter. Pier Capital LLC now owns 127,818 shares of the company’s stock worth $10,827,000 after acquiring an additional 25,465 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of BILL in the fourth quarter valued at $426,000. Finally, Prudential Financial Inc. boosted its holdings in BILL by 521.0% in the fourth quarter. Prudential Financial Inc. now owns 30,955 shares of the company’s stock valued at $2,622,000 after purchasing an additional 25,970 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on BILL. The Goldman Sachs Group reduced their price target on BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Susquehanna raised their target price on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Robert W. Baird boosted their price target on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Canaccord Genuity Group restated a “buy” rating and issued a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Finally, KeyCorp lowered their target price on shares of BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.61.

BILL Price Performance

BILL stock opened at $45.76 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.66 billion, a P/E ratio of -4,575.90, a PEG ratio of 29.46 and a beta of 2.00. The business has a 50 day simple moving average of $62.28 and a 200-day simple moving average of $69.90. BILL Holdings, Inc. has a twelve month low of $42.82 and a twelve month high of $100.19.

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%. As a group, equities analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current 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.