Nuveen Asset Management LLC Has $26.63 Million Stake in BILL Holdings, Inc. (NYSE:BILL)

Nuveen Asset Management LLC raised its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 314,340 shares of the company's stock after purchasing an additional 50,252 shares during the quarter. Nuveen Asset Management LLC owned about 0.30% of BILL worth $26,628,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. purchased a new stake in BILL in the 4th quarter worth approximately $35,000. Crossmark Global Holdings Inc. acquired a new position in BILL during the 4th quarter worth $398,000. Atomi Financial Group Inc. acquired a new position in shares of BILL during the fourth quarter worth approximately $275,000. Fifth Third Bancorp bought a new stake in BILL in the 4th quarter valued at $27,000. Finally, KBC Group NV increased its stake in BILL by 35.7% during the fourth quarter. KBC Group NV now owns 4,235 shares of the company's stock valued at $359,000 after acquiring an additional 1,115 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BILL has been the topic of several analyst reports. Piper Sandler lowered their price target on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods cut their price target on BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Mizuho reduced their price objective on shares of BILL from $53.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. Morgan Stanley decreased their price objective on BILL from $65.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Finally, Wells Fargo & Company cut their price target on shares of BILL from $43.00 to $40.00 and set an "underweight" rating on the stock in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.84.

BILL Price Performance

BILL stock traded down $1.44 during mid-day trading on Wednesday, reaching $43.77. The company had a trading volume of 349,484 shares, compared to its average volume of 2,771,562. The business has a fifty day simple moving average of $44.56 and a 200 day simple moving average of $66.20. The company has a market cap of $4.51 billion, a P/E ratio of -4,376.50, a P/E/G ratio of 29.46 and a beta of 1.44. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19.

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