Fluent Financial LLC Invests $916,000 in BILL Holdings, Inc. (NYSE:BILL)

Fluent Financial LLC purchased a new position in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,970 shares of the company's stock, valued at approximately $916,000.

Several other hedge funds have also recently modified their holdings of the business. Groupama Asset Managment raised its stake in BILL by 162.8% during the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock valued at $478,611,000 after buying an additional 3,500,000 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of BILL by 10.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock worth $1,091,019,000 after acquiring an additional 1,241,432 shares during the period. Norges Bank purchased a new stake in BILL during the fourth quarter valued at $99,906,000. Invesco Ltd. lifted its holdings in BILL by 828.1% in the fourth quarter. Invesco Ltd. now owns 1,301,720 shares of the company's stock valued at $110,269,000 after acquiring an additional 1,161,457 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of BILL by 112.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock worth $136,421,000 after buying an additional 852,863 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BILL. Truist Financial began coverage on BILL in a research report on Monday. They set a "hold" rating and a $47.00 target price on the stock. Needham & Company LLC cut their price objective on BILL from $100.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Robert W. Baird reduced their target price on shares of BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Citigroup lowered their price target on shares of BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, Mizuho reduced their price objective on shares of BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $63.00.

Insider Activity at BILL

In related 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 sale, the senior vice president now owns 9,512 shares in the company, valued at approximately $404,735.60. This represents a 15.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.20% of the stock is owned by insiders.

BILL Price Performance

NYSE:BILL traded up $0.10 during trading hours on Thursday, reaching $45.70. The stock had a trading volume of 1,917,491 shares, compared to its average volume of 2,284,210. The stock has a market capitalization of $4.71 billion, a PE ratio of -4,570.10, a PEG ratio of 29.46 and a beta of 1.44. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. The company has a 50 day moving average price of $44.01 and a two-hundred day moving average price of $64.57. 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 (NYSE:BILL - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.13. BILL had a net margin of 5.90% and a return on equity of 1.53%. The company had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. BILL's revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share 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.