New York State Teachers Retirement System Acquires 35,600 Shares of BILL Holdings, Inc. (NYSE:BILL)

New York State Teachers Retirement System lifted its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 243.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,200 shares of the company's stock after buying an additional 35,600 shares during the quarter. New York State Teachers Retirement System's holdings in BILL were worth $2,304,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of 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 boosted its position in BILL by 162.8% during the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock worth $478,611,000 after purchasing an additional 3,500,000 shares during the period. Geode Capital Management LLC boosted its position in BILL by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company's stock worth $137,528,000 after purchasing an additional 119,711 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in BILL by 112.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock worth $136,421,000 after purchasing an additional 852,863 shares during the period. Finally, Greenhouse Funds LLLP boosted its position in BILL by 0.8% during the fourth quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company's stock worth $118,307,000 after purchasing an additional 11,002 shares during the period. Institutional investors own 97.99% of the company's stock.

BILL Stock Performance

Shares of NYSE BILL traded down $0.99 during trading hours on Thursday, reaching $46.73. The stock had a trading volume of 511,788 shares, compared to its average volume of 2,349,538. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The business's fifty day moving average is $45.31 and its two-hundred day moving average is $56.86. BILL Holdings, Inc. has a twelve month low of $36.55 and a twelve month high of $100.19. The company has a market cap of $4.81 billion, a price-to-earnings ratio of -389.52, a PEG ratio of 10.29 and a beta of 1.35.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. BILL had a return on equity of 1.21% and a net margin of 2.70%. The firm had revenue of $358.22 million during the quarter, compared to analyst estimates of $355.85 million. During the same period in the prior year, the company posted $0.60 earnings per share. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BILL shares. Needham & Company LLC reaffirmed a "buy" rating and set a $75.00 target price on shares of BILL in a research report on Thursday, June 26th. Seaport Res Ptn cut BILL from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 17th. Morgan Stanley cut BILL from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $60.00 to $55.00 in a research report on Wednesday, June 11th. BTIG Research assumed coverage on BILL in a research report on Wednesday, April 30th. They set a "buy" rating and a $60.00 target price for the company. Finally, Mizuho cut their price target on BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.75.

Insider Buying and Selling at BILL

In other BILL news, SVP Germaine Cota sold 1,718 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $42.55, for a total transaction of $73,100.90. Following the completion of the transaction, the senior vice president directly owned 9,512 shares in the company, valued at $404,735.60. This represents a 15.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rajesh A. Aji sold 1,780 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the sale, the insider owned 9,298 shares in the company, valued at $420,734.50. The trade was a 16.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company's stock.

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.