Invenomic Capital Management LP Has $1.93 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Invenomic Capital Management LP lowered its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 92.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,798 shares of the company's stock after selling 264,447 shares during the period. Invenomic Capital Management LP's holdings in BILL were worth $1,931,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in BILL by 10.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock valued at $1,091,019,000 after buying an additional 1,241,432 shares in the last quarter. Groupama Asset Managment lifted its holdings in BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock valued at $478,611,000 after acquiring an additional 3,500,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in BILL by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company's stock valued at $137,528,000 after acquiring an additional 119,711 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in BILL by 112.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock valued at $136,421,000 after acquiring an additional 852,863 shares during the last quarter. Finally, Greenhouse Funds LLLP lifted its holdings in BILL by 0.8% in the 4th quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company's stock valued at $118,307,000 after acquiring an additional 11,002 shares during the last quarter. Institutional investors own 97.99% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BILL shares. Wells Fargo & Company cut their price target on shares of BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a report on Friday, May 9th. Morgan Stanley reduced their price objective on shares of BILL from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. UBS Group increased their price target on shares of BILL from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. BTIG Research started coverage on shares of BILL in a research report on Wednesday, April 30th. They issued a "buy" rating and a $60.00 price target for the company. Finally, Robert W. Baird reduced their price target 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 assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, BILL presently has a consensus rating of "Moderate Buy" and an average target price of $63.67.

BILL Stock Down 2.3%

NYSE:BILL traded down $1.09 during mid-day trading on Thursday, reaching $46.94. The stock had a trading volume of 1,776,743 shares, compared to its average volume of 2,280,943. The business's 50 day moving average is $44.66 and its 200 day moving average is $67.15. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The stock has a market cap of $4.79 billion, a P/E ratio of -4,694.00, a PEG ratio of 29.46 and a beta of 1.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. BILL had a return on equity of 1.53% and a net margin of 5.90%. The company had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. During the same quarter last year, the company posted $0.60 earnings per share. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

About BILL

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.