Northern Trust Corp Buys 380,509 Shares of BILL Holdings, Inc. (NYSE:BILL)

Northern Trust Corp lifted its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 84.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 828,586 shares of the company's stock after acquiring an additional 380,509 shares during the period. Northern Trust Corp owned approximately 0.80% of BILL worth $70,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BILL. Groupama Asset Managment increased its holdings in BILL by 162.8% during the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock worth $478,611,000 after purchasing an additional 3,500,000 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of BILL by 10.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock worth $1,091,019,000 after buying an additional 1,241,432 shares in the last quarter. Norges Bank acquired a new stake in BILL in the 4th quarter valued at approximately $99,906,000. Invesco Ltd. lifted its stake in BILL by 828.1% in the 4th quarter. Invesco Ltd. now owns 1,301,720 shares of the company's stock valued at $110,269,000 after acquiring an additional 1,161,457 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in BILL by 112.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock worth $136,421,000 after acquiring an additional 852,863 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BILL shares. Canaccord Genuity Group reissued a "buy" rating and issued a $105.00 price objective on shares of BILL in a research report on Friday, February 7th. Mizuho decreased their price objective on BILL from $70.00 to $53.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Oppenheimer reduced their price target on BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. BTIG Research started coverage on BILL in a research report on Wednesday, April 30th. They set a "buy" rating and a $60.00 price target on the stock. Finally, Keefe, Bruyette & Woods cut their price objective on BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, BILL has a consensus rating of "Moderate Buy" and a consensus target price of $69.28.

BILL Stock Down 0.1 %

BILL opened at $45.23 on Tuesday. The stock has a fifty day moving average of $45.23 and a 200-day moving average of $67.75. The company has a market capitalization of $4.61 billion, a P/E ratio of -4,523.40, a P/E/G ratio of 29.46 and a beta of 1.44. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. On average, equities analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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.

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