North Reef Capital Management LP Lowers Position in BILL Holdings, Inc. (NYSE:BILL)

North Reef Capital Management LP lessened its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 96.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,442 shares of the company's stock after selling 280,558 shares during the period. North Reef Capital Management LP's holdings in BILL were worth $800,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of BILL by 26.7% during the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company's stock worth $137,000 after buying an additional 340 shares during the period. GAMMA Investing LLC boosted its holdings in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after buying an additional 131 shares during the period. Everence Capital Management Inc. bought a new stake in shares of BILL during the 4th quarter worth about $264,000. Fifth Third Wealth Advisors LLC bought a new stake in BILL in the 4th quarter valued at about $239,000. Finally, Gateway Investment Advisers LLC bought a new stake in BILL in the 4th quarter valued at about $1,832,000. Institutional investors and hedge funds own 97.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BILL. Canaccord Genuity Group reissued a "buy" rating and issued a $105.00 price objective on shares of BILL in a report on Friday, February 7th. KeyCorp cut their price target on shares of BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday. Robert W. Baird cut their price target 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. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of BILL in a report on Monday, March 17th. Finally, The Goldman Sachs Group cut their price target on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.28.

BILL Stock Performance

Shares of BILL stock traded down $1.18 during trading on Wednesday, hitting $45.20. The company's stock had a trading volume of 478,558 shares, compared to its average volume of 2,278,239. The company has a market cap of $4.61 billion, a PE ratio of -4,520.00, a P/E/G ratio of 29.46 and a beta of 1.88. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $45.87 and a 200-day moving average of $67.98. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. As a group, research analysts anticipate 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.