State of Tennessee Department of Treasury Makes New Investment in BILL Holdings, Inc. (NYSE:BILL)

State of Tennessee Department of Treasury acquired a new stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,267 shares of the company's stock, valued at approximately $3,242,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 valued at $26,000 after purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC grew its stake in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after acquiring an additional 173 shares during the period. Fifth Third Bancorp purchased a new position in BILL during the fourth quarter valued at $27,000. Global Retirement Partners LLC increased its stake in BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock worth $32,000 after buying an additional 377 shares in the last quarter. Finally, GeoWealth Management LLC acquired a new position in BILL in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Stock Down 1.7 %

NYSE:BILL traded down $0.79 during midday trading on Wednesday, hitting $45.59. 1,113,409 shares of the company were exchanged, compared to its average volume of 2,280,696. The company has a market capitalization of $4.65 billion, a PE ratio of -4,559.00, a price-to-earnings-growth 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. 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 fifty day simple moving average of $45.87 and a 200 day simple moving average of $67.98.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. As a group, equities analysts anticipate 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 reports. BTIG Research initiated coverage on shares of BILL in a report on Wednesday. They set a "buy" rating and a $60.00 target price for the company. Wells Fargo & Company reduced their price target on shares of BILL from $57.00 to $43.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Piper Sandler lowered their price objective on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of BILL in a research note on Monday, March 17th. Finally, The Goldman Sachs Group decreased their price objective on shares of BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $69.28.

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.