New York Life Investment Management LLC Buys 694 Shares of BILL Holdings, Inc. (NYSE:BILL)

New York Life Investment Management LLC lifted its position in BILL Holdings, Inc. (NYSE:BILL) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,678 shares of the company’s stock after buying an additional 694 shares during the quarter. New York Life Investment Management LLC’s holdings in BILL were worth $953,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BILL. Sands Capital Management LLC acquired a new position in shares of BILL during the 3rd quarter worth approximately $136,000. Signaturefd LLC raised its position in shares of BILL by 13.7% in the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock valued at $141,000 after purchasing an additional 157 shares during the period. EMC Capital Management acquired a new stake in shares of BILL during the 4th quarter worth about $163,000. Raymond James Financial Services Advisors Inc. grew its stake in BILL by 11.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company’s stock valued at $209,000 after buying an additional 193 shares during the last quarter. Finally, Crestone Asset Management LLC bought a new position in BILL in the 3rd quarter valued at about $216,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BILL has been the subject of a number of research analyst reports. Wells Fargo & Company restated an “underweight” rating and set a $60.00 price objective (down previously from $70.00) on shares of BILL in a report on Monday, April 1st. Robert W. Baird dropped their target price on BILL from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Mizuho decreased their price target on shares of BILL from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Monday. Piper Sandler dropped their price objective on shares of BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Citigroup boosted their price objective on shares of BILL from $85.00 to $86.00 and gave the company a “buy” rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and an average price target of $97.35.

Insider Activity

In other news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the transaction, the senior vice president now owns 5,093 shares of the company’s stock, valued at $332,776.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.80% of the company’s stock.

BILL Price Performance

BILL stock opened at $57.71 on Wednesday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of -73.05, a P/E/G ratio of 62.44 and a beta of 1.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The company has a 50 day simple moving average of $63.88 and a 200 day simple moving average of $69.81. BILL Holdings, Inc. has a 1 year low of $51.94 and a 1 year high of $139.50.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The company had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. Research analysts anticipate that BILL Holdings, Inc. will post 0.04 EPS for the current fiscal 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.