31,500 Shares in BILL Holdings, Inc. (NYSE:BILL) Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 31,500 shares of the company's stock, valued at approximately $2,668,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after buying an additional 131 shares during the period. Crewe Advisors LLC lifted its position in shares of BILL by 129.1% in the 4th 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. Empowered Funds LLC increased its position in shares of BILL by 4.0% during the fourth quarter. Empowered Funds LLC now owns 5,324 shares of the company's stock valued at $451,000 after buying an additional 207 shares during the period. Fifth Third Bancorp bought a new position in BILL in the fourth quarter worth about $27,000. Finally, Versant Capital Management Inc boosted its position in BILL by 26.7% during the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company's stock valued at $137,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 97.99% of the company's stock.

Analyst Upgrades and Downgrades

BILL has been the topic of several research reports. Oppenheimer dropped their price target on BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Morgan Stanley reissued an "overweight" rating on shares of BILL in a research report on Wednesday, April 16th. KeyCorp lowered their target price on shares of BILL from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods lowered their target price on BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Finally, Wells Fargo & Company dropped their price target on shares of BILL from $57.00 to $43.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. 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 company's stock. Based on data from MarketBeat, BILL currently has an average rating of "Moderate Buy" and a consensus target price of $69.28.

BILL Price Performance

BILL stock traded down $1.03 during trading on Wednesday, hitting $45.36. 391,344 shares of the company's stock traded hands, compared to its average volume of 2,911,139. 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 52 week low of $36.55 and a 52 week high of $100.19. The business has a fifty day simple moving average of $45.87 and a 200 day simple moving average of $67.98. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -4,529.00, a P/E/G ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates 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, research analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.