Orion Portfolio Solutions LLC Acquires Shares of 7,766 BILL Holdings, Inc. (NYSE:BILL)

Orion Portfolio Solutions LLC bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,766 shares of the company’s stock, valued at approximately $658,000.

Several other institutional investors and hedge funds have also made changes to their positions in BILL. Norges Bank acquired a new position in BILL in the 4th quarter worth $99,906,000. Bank of New York Mellon Corp increased its position in shares of BILL by 51.5% during the fourth quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock worth $68,413,000 after acquiring an additional 274,701 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of BILL by 5,201.3% in the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock worth $33,173,000 after acquiring an additional 384,217 shares in the last quarter. Telemark Asset Management LLC boosted its holdings in BILL by 100.0% in the fourth quarter. Telemark Asset Management LLC now owns 300,000 shares of the company’s stock valued at $25,413,000 after purchasing an additional 150,000 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in BILL by 153.7% during the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock valued at $22,959,000 after purchasing an additional 164,182 shares in the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Stock Down 7.2 %

BILL stock opened at $39.53 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. BILL Holdings, Inc. has a one year low of $38.03 and a one year high of $100.19. The company has a 50-day simple moving average of $59.30 and a 200-day simple moving average of $69.73. The firm has a market capitalization of $4.03 billion, a P/E ratio of -3,953.00, a P/E/G ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL) last posted its 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 1.53% and a net margin of 5.90%. As a group, equities analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on BILL shares. Mizuho increased their target price on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Robert W. Baird reduced their price objective on shares of BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday. Keefe, Bruyette & Woods dropped their target price on shares of BILL from $77.00 to $54.00 and set a “market perform” rating for the company in a research report on Monday, March 31st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $105.00 price target on shares of BILL in a research report on Friday, February 7th. Finally, Oppenheimer lowered their price objective on BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, BILL has a consensus rating of “Moderate Buy” and an average target price of $75.44.

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.