Interval Partners LP Makes New $1.39 Million Investment in BILL Holdings, Inc. (NYSE:BILL)

Interval Partners LP purchased a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,417 shares of the company's stock, valued at approximately $1,391,000.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC raised its position in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after purchasing an additional 173 shares during the period. Empowered Funds LLC lifted its holdings in shares of BILL by 4.0% during the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company's stock valued at $451,000 after purchasing an additional 207 shares in the last quarter. Coppell Advisory Solutions LLC lifted its holdings in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after purchasing an additional 247 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of BILL in the 4th quarter valued at approximately $27,000. 97.99% of the stock is owned by institutional investors.

BILL Trading Down 2.3%

Shares of BILL stock traded down $1.09 during trading hours on Thursday, reaching $46.94. The company's stock had a trading volume of 1,776,743 shares, compared to its average volume of 2,280,943. The stock has a market capitalization of $4.79 billion, a P/E ratio of -4,694.00, a P/E/G ratio of 29.46 and a beta of 1.44. The firm's fifty day simple moving average is $44.66 and its 200 day simple moving average is $67.15. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. 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 (NYSE:BILL - Get Free Report) last released its earnings results 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 firm had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. BILL had a net margin of 5.90% and a return on equity of 1.53%. The company's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. Equities research analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Canaccord Genuity Group dropped their target price on shares of BILL from $105.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday. 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 report on Friday, May 9th. The Goldman Sachs Group lowered their price target on BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Mizuho cut their target price on shares of BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Robert W. Baird decreased their price objective on BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, BILL has an average rating of "Moderate Buy" and an average target price of $63.67.

About BILL

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.