Peregrine Capital Management LLC Trims Stake in BILL Holdings, Inc. (NYSE:BILL)

Peregrine Capital Management LLC lowered its holdings in BILL Holdings, Inc. (NYSE:BILL) by 7.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 95,387 shares of the company’s stock after selling 7,900 shares during the quarter. Peregrine Capital Management LLC’s holdings in BILL were worth $8,080,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after buying an additional 131 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of BILL in the 4th quarter worth approximately $27,000. Brooklyn Investment Group bought a new stake in shares of BILL in the 3rd quarter worth approximately $28,000. Finally, UMB Bank n.a. purchased a new stake in shares of BILL in the 4th quarter valued at $35,000. Institutional investors own 97.99% of the company’s stock.

BILL Stock Up 0.3 %

BILL stock opened at $60.02 on Wednesday. The firm’s fifty day moving average is $84.59 and its 200 day moving average is $70.15. The firm has a market cap of $6.21 billion, a PE ratio of -6,001.90, a P/E/G 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 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 announced 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 1.50% and a net margin of 5.90%. On average, research analysts forecast that BILL Holdings, Inc. will post 0.04 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BILL shares. Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 target price on shares of BILL in a research note on Friday, February 7th. Susquehanna raised their target price on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of BILL in a research note on Friday, February 7th. Robert W. Baird increased their price target on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Mizuho boosted 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and an average target price of $81.72.

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.