Public Employees Retirement System of Ohio Makes New $2.93 Million Investment in BILL Holdings, Inc. (NYSE:BILL)

Public Employees Retirement System of Ohio acquired a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,629 shares of the company's stock, valued at approximately $2,933,000.

Other large investors have also modified their holdings of the company. Crewe Advisors LLC raised its position in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after acquiring an additional 173 shares in the last quarter. Empowered Funds LLC increased its position in BILL by 4.0% during the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company's stock worth $451,000 after purchasing an additional 207 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after purchasing an additional 247 shares in the last quarter. Fifth Third Bancorp purchased a new stake in BILL during the 4th quarter worth about $27,000. Finally, CoreCap Advisors LLC purchased a new stake in BILL during the 4th quarter worth about $30,000. 97.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other BILL news, SVP Germaine Cota sold 1,718 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now directly owns 9,512 shares in the company, valued at approximately $404,735.60. This trade represents a 15.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BILL shares. Wells Fargo & Company dropped their price objective on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research report on Friday, May 9th. Mizuho lowered 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. UBS Group boosted their target price on BILL from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Citigroup reduced their price target on BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, Morgan Stanley reduced their price target on BILL from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $63.00.

BILL Price Performance

Shares of BILL stock traded up $0.45 during trading on Wednesday, hitting $45.55. The stock had a trading volume of 430,804 shares, compared to its average volume of 2,274,625. 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 firm has a market cap of $4.69 billion, a P/E ratio of -4,561.30, a PEG ratio of 29.46 and a beta of 1.44. The business has a fifty day moving average of $44.03 and a two-hundred day moving average of $64.70. 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 announced its 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 business had revenue of $358.22 million during the quarter, compared to the consensus estimate of $355.85 million. During the same period in the prior year, the business posted $0.60 earnings per share. BILL's revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.