Frontier Capital Management Co. LLC Raises Position in BILL Holdings, Inc. (NYSE:BILL)

Frontier Capital Management Co. LLC raised its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 86.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,145,931 shares of the company's stock after purchasing an additional 532,726 shares during the quarter. BILL accounts for approximately 0.9% of Frontier Capital Management Co. LLC's investment portfolio, making the stock its 15th biggest position. Frontier Capital Management Co. LLC owned about 1.11% of BILL worth $97,072,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC raised its position in shares of BILL by 129.1% in the 4th 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. Fifth Third Bancorp bought a new position in shares of BILL in the 4th quarter worth about $27,000. CoreCap Advisors LLC bought a new position in shares of BILL in the 4th quarter worth about $30,000. Finally, Coppell Advisory Solutions LLC raised its position in shares of BILL by 202.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Price Performance

Shares of BILL stock traded up $0.26 on Tuesday, reaching $47.63. The company's stock had a trading volume of 1,116,376 shares, compared to its average volume of 2,271,763. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month high of $100.19. The company has a market capitalization of $4.86 billion, a P/E ratio of -4,763.00, a PEG ratio of 29.46 and a beta of 1.44. The stock's 50 day simple moving average is $44.65 and its 200-day simple moving average is $67.42.

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

Analyst Upgrades and Downgrades

BILL has been the subject of a number of research analyst reports. KeyCorp decreased their target price on BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Mizuho decreased their target price on BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday. Piper Sandler decreased their target price on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. UBS Group boosted their target price on BILL from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Friday. Finally, Robert W. Baird decreased their target price on BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, BILL presently has a consensus rating of "Moderate Buy" and an average target price of $63.67.

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.