BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in BILL Holdings, Inc. (NYSE:BILL) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 270,715 shares of the company’s stock after selling 51,046 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of BILL worth $22,932,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BILL. GAMMA Investing LLC increased its position in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC increased its holdings in shares of BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 173 shares during the period. Covestor Ltd raised its stake in shares of BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after purchasing an additional 249 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of BILL by 30.8% during the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after purchasing an additional 259 shares during the period. Finally, Fifth Third Bancorp purchased a new position in BILL in the 4th quarter valued at $27,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Stock Down 5.3 %

Shares of NYSE:BILL opened at $61.52 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $6.37 billion, a P/E ratio of -6,152.40, a P/E/G ratio of 157.98 and a beta of 1.76. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $100.19. The stock’s fifty day simple moving average is $88.45 and its 200-day simple moving average is $69.73.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (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, equities research analysts forecast that BILL Holdings, Inc. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on BILL. Mizuho upped their price objective 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. The Goldman Sachs Group reduced their price objective on shares of BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Keefe, Bruyette & Woods dropped their target price on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. KeyCorp reduced their price target on BILL from $115.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.95.

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.