Counterpoint Mutual Funds LLC Makes New Investment in BILL Holdings, Inc. (NYSE:BILL)

Counterpoint Mutual Funds LLC bought a new position in BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,327 shares of the company’s stock, valued at approximately $282,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legato Capital Management LLC bought a new position in shares of BILL during the 4th quarter valued at $828,000. Choreo LLC bought a new position in BILL in the 4th quarter worth $409,000. Rhumbline Advisers raised its holdings in BILL by 153.7% in the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock worth $22,959,000 after acquiring an additional 164,182 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in BILL in the 3rd quarter worth $820,000. Finally, Telemark Asset Management LLC bought a new position in BILL in the 3rd quarter worth $7,914,000. Institutional investors own 97.99% of the company’s stock.

BILL Trading Up 0.9 %

Shares of NYSE BILL opened at $46.98 on Wednesday. The company’s 50 day simple moving average is $69.77 and its 200 day simple moving average is $70.29. BILL Holdings, Inc. has a fifty-two week low of $42.82 and a fifty-two week high of $100.19. The firm has a market capitalization of $4.79 billion, a P/E ratio of -4,697.90, a P/E/G ratio of 29.46 and a beta of 2.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66.

BILL (NYSE:BILL) last announced its quarterly earnings data 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 net margin of 5.90% and a return on equity of 1.53%. On average, analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

BILL has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their target price on shares of BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research report on Thursday, January 16th. Mizuho raised their price target 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 issued a $105.00 price target on shares of BILL in a research report on Friday, February 7th. Finally, Robert W. Baird raised their price target on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.89.

About BILL

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.