Quantinno Capital Management LP Purchases 54,699 Shares of BILL Holdings, Inc. (NYSE:BILL)

Quantinno Capital Management LP lifted its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 51.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 161,603 shares of the company's stock after purchasing an additional 54,699 shares during the quarter. Quantinno Capital Management LP owned 0.16% of BILL worth $13,689,000 as of its most recent SEC filing.

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

BILL Trading Down 1.2%

Shares of BILL traded down $0.56 during trading hours on Friday, hitting $46.27. The company had a trading volume of 1,464,550 shares, compared to its average volume of 2,287,795. The firm has a market cap of $4.72 billion, a P/E ratio of -4,627.00, a P/E/G ratio of 29.46 and a beta of 1.44. The stock's 50 day moving average price is $44.77 and its 200 day moving average price is $67.08. 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 52-week low of $36.55 and a 52-week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate 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 return on equity of 1.53% and a net margin of 5.90%. The company's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, research analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BILL. Oppenheimer increased their price objective on BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. The Goldman Sachs Group lowered their price objective on BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. KeyCorp lowered their price objective on BILL from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Canaccord Genuity Group lowered their price objective on BILL from $105.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, BTIG Research began coverage on BILL in a research report on Wednesday, April 30th. They issued a "buy" rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, BILL currently has a consensus rating of "Moderate Buy" and an average price target of $63.67.

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.