First Trust Advisors LP Has $1.97 Million Stake in BILL Holdings, Inc. $BILL

First Trust Advisors LP reduced its stake in BILL Holdings, Inc. (NYSE:BILL) by 37.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,420 shares of the company’s stock after selling 31,011 shares during the period. First Trust Advisors LP’s holdings in BILL were worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BILL. Pier Capital LLC bought a new stake in shares of BILL during the 4th quarter valued at $5,064,000. Iridian Asset Management LLC CT increased its position in shares of BILL by 23.7% in the fourth quarter. Iridian Asset Management LLC CT now owns 187,404 shares of the company’s stock worth $10,221,000 after purchasing an additional 35,850 shares during the period. NewEdge Wealth LLC bought a new position in shares of BILL in the fourth quarter worth $15,778,000. Jupiter Asset Management Ltd. acquired a new position in BILL in the fourth quarter valued at about $3,874,000. Finally, ER Collective Holdings LLC acquired a new position in BILL in the fourth quarter valued at about $464,588,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Trading Up 2.0%

Shares of NYSE BILL opened at $47.96 on Friday. The firm has a 50 day moving average price of $39.59 and a two-hundred day moving average price of $40.44. The stock has a market cap of $4.78 billion, a P/E ratio of -4,791.31, a price-to-earnings-growth ratio of 1.08 and a beta of 1.13. BILL Holdings, Inc. has a 52-week low of $31.41 and a 52-week high of $57.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.13. The company had revenue of $406.56 million for the quarter, compared to analysts’ expectations of $403.76 million. BILL had a net margin of 0.01% and a return on equity of 2.40%. BILL’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. As a group, equities analysts forecast that BILL Holdings, Inc. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BILL shares. Weiss Ratings raised shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Zacks Research downgraded shares of BILL from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Keefe, Bruyette & Woods upped their target price on BILL from $42.00 to $49.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. Oppenheimer set a $55.00 target price on BILL and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group lifted their price target on BILL from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $55.95.

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. It also offers onboarding implementation support, and ongoing support and training services.