Empower Advisory Group LLC Decreases Holdings in BILL Holdings, Inc. (NYSE:BILL)

Empower Advisory Group LLC lessened its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 39.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,396 shares of the company’s stock after selling 15,000 shares during the quarter. Empower Advisory Group LLC’s holdings in BILL were worth $1,982,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of BILL. GAMMA Investing LLC increased its stake in shares of 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 in the last quarter. Crewe Advisors LLC increased its stake 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 in the last quarter. Fifth Third Bancorp purchased a new position in shares of BILL in the fourth quarter worth about $27,000. Brooklyn Investment Group purchased a new position in shares of BILL in the third quarter worth about $28,000. Finally, UMB Bank n.a. purchased a new position in shares of BILL in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BILL shares. The Goldman Sachs Group reduced their target price 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. Piper Sandler restated an “overweight” rating and issued a $85.00 price objective on shares of BILL in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Mizuho raised their price objective on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $105.00 price objective on shares of BILL in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.72.

BILL Trading Up 0.3 %

BILL stock opened at $60.02 on Wednesday. The company has a market capitalization of $6.21 billion, a PE ratio of -6,001.90, a price-to-earnings-growth ratio of 157.98 and a beta of 1.76. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $100.19. The company’s 50 day moving average price is $84.59 and its two-hundred day moving average price is $70.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.50% and a net margin of 5.90%. As a group, analysts predict that BILL Holdings, Inc. will post 0.04 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.