Dimensional Fund Advisors LP Grows Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Dimensional Fund Advisors LP lifted its stake in BILL Holdings, Inc. (NYSE:BILLFree Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 508,364 shares of the company’s stock after buying an additional 36,233 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.48% of BILL worth $41,484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BILL. Vanguard Group Inc. increased its stake in shares of BILL by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,719,104 shares of the company’s stock valued at $1,055,203,000 after purchasing an additional 66,951 shares in the last quarter. Lone Pine Capital LLC increased its position in shares of BILL by 39.7% in the third quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock valued at $276,494,000 after buying an additional 723,151 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of BILL by 136.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 863,459 shares of the company’s stock worth $93,746,000 after buying an additional 498,000 shares during the period. Charles Schwab Investment Management Inc. grew its stake in BILL by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 595,661 shares of the company’s stock valued at $48,600,000 after acquiring an additional 16,467 shares during the period. Finally, Northern Trust Corp increased its holdings in BILL by 4.6% in the 3rd quarter. Northern Trust Corp now owns 573,853 shares of the company’s stock worth $62,303,000 after acquiring an additional 25,433 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on BILL. Wells Fargo & Company reissued an “underweight” rating and set a $60.00 target price (down previously from $70.00) on shares of BILL in a research note on Monday, April 1st. Jefferies Financial Group lowered their price target on BILL from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Canaccord Genuity Group reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, May 3rd. Piper Sandler lowered their target price on shares of BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Citigroup increased their target price on shares of BILL from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, BILL has a consensus rating of “Moderate Buy” and a consensus target price of $97.35.

Get Our Latest Analysis on BILL

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 920 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the sale, the senior vice president now directly owns 5,093 shares in the company, valued at $332,776.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by company insiders.

BILL Stock Up 0.5 %

NYSE:BILL opened at $51.29 on Friday. BILL Holdings, Inc. has a 52 week low of $50.41 and a 52 week high of $139.50. The stock’s fifty day moving average is $60.56 and its two-hundred day moving average is $67.10. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of -64.92 and a beta of 1.68. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.28.

BILL (NYSE:BILLGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The company had revenue of $323.03 million for the quarter, compared to analyst estimates of $305.23 million. Research analysts anticipate that BILL Holdings, Inc. will post -0.16 EPS for the current year.

BILL Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for BILL (NYSE:BILL)

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