Stifel Financial Corp Purchases New Position in BILL Holdings, Inc. (NYSE:BILL)

Stifel Financial Corp bought a new stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,584 shares of the company's stock, valued at approximately $558,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legato Capital Management LLC bought a new stake in shares of BILL in the 4th quarter valued at about $828,000. Choreo LLC purchased a new stake in BILL during the fourth quarter valued at approximately $409,000. Rhumbline Advisers boosted its stake in BILL by 153.7% in the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company's stock valued at $22,959,000 after acquiring an additional 164,182 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in BILL by 29.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company's stock valued at $1,543,000 after acquiring an additional 4,248 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in BILL in the fourth quarter worth $919,000. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Performance

NYSE:BILL traded up $0.22 during mid-day trading on Wednesday, hitting $47.95. The company's stock had a trading volume of 2,477,720 shares, compared to its average volume of 2,280,029. BILL Holdings, Inc. has a 1 year low of $36.55 and a 1 year high of $100.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of -4,795.00, a PEG ratio of 29.46 and a beta of 1.44. The business's fifty day moving average is $44.65 and its two-hundred day moving average is $67.28.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.13. The business had revenue of $358.22 million during the quarter, compared to analysts' expectations of $355.85 million. BILL had a return on equity of 1.53% and a net margin of 5.90%. The company's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on BILL. BTIG Research began coverage on BILL in a report on Wednesday, April 30th. They set a "buy" rating and a $60.00 price objective for the company. Morgan Stanley reduced their target price on BILL from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Needham & Company LLC lowered their price target on BILL from $100.00 to $75.00 and set a "buy" rating for the company in a report on Friday, May 9th. Wells Fargo & Company cut their price objective on shares of BILL from $43.00 to $40.00 and set an "underweight" rating on the stock in a report on Friday, May 9th. Finally, Robert W. Baird decreased their price objective on shares of BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. One 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $63.67.

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.