Townsquare Capital LLC Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Townsquare Capital LLC bought a new stake in BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,210 shares of the company’s stock, valued at approximately $272,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position 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 acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC lifted its stake in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp bought a new position in BILL during the fourth quarter worth about $27,000. Global Retirement Partners LLC grew its stake in shares of BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after purchasing an additional 377 shares during the period. Finally, UMB Bank n.a. acquired a new position in shares of BILL in the 4th quarter worth approximately $35,000. 97.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BILL has been the subject of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of BILL in a research note on Wednesday, April 16th. The Goldman Sachs Group reduced their price target on shares of BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Mizuho cut their target price on shares of BILL from $70.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Oppenheimer reduced their target price on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $105.00 price objective on shares of BILL in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.94.

BILL Price Performance

BILL stock opened at $40.81 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $4.16 billion, a P/E ratio of -4,081.00, a PEG ratio of 29.46 and a beta of 1.88. The business has a 50-day moving average of $47.26 and a 200-day moving average of $68.32. BILL Holdings, Inc. has a 1 year low of $36.55 and a 1 year high of $100.19.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. On average, equities analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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.