Susquehanna Fundamental Investments LLC Acquires New Stake in BILL Holdings, Inc. (NYSE:BILL)

Susquehanna Fundamental Investments LLC purchased 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 & Exchange Commission. The firm purchased 77,742 shares of the company's stock, valued at approximately $6,586,000. Susquehanna Fundamental Investments LLC owned 0.08% of BILL as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted 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 purchasing an additional 1,241,432 shares during the period. Groupama Asset Managment increased its stake in shares of BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock worth $478,611,000 after acquiring an additional 3,500,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in BILL by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company's stock valued at $137,528,000 after acquiring an additional 119,711 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in BILL by 112.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock valued at $136,421,000 after buying an additional 852,863 shares during the last quarter. Finally, Greenhouse Funds LLLP grew its position in BILL by 0.8% in the 4th quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company's stock valued at $118,307,000 after acquiring an additional 11,002 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on BILL. Oppenheimer cut their target price on BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. KeyCorp decreased their price target on BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday. The Goldman Sachs Group dropped their target price on BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Robert W. Baird reduced their price target on shares of BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of BILL in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, BILL currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.28.

BILL Stock Performance

BILL stock traded down $0.20 during mid-day trading on Friday, hitting $45.29. 2,034,738 shares of the company were exchanged, compared to its average volume of 2,283,596. 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 stock has a market capitalization of $4.62 billion, a PE ratio of -4,529.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. The business has a 50 day simple moving average of $45.58 and a 200-day simple moving average of $67.75. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) 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%. On average, equities analysts forecast 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.