WCM Investment Management LLC trimmed its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,244 shares of the company's stock after selling 5,985 shares during the period. WCM Investment Management LLC owned approximately 0.28% of BILL worth $24,648,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BILL. GAMMA Investing LLC lifted its stake in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC lifted its position in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp acquired a new stake in BILL in the fourth quarter valued at about $27,000. UMB Bank n.a. purchased a new stake in BILL in the 4th quarter valued at approximately $35,000. Finally, Brooklyn Investment Group acquired a new position in BILL during the 3rd quarter worth approximately $28,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.
BILL stock opened at $62.40 on Friday. The stock has a market capitalization of $6.46 billion, a P/E ratio of -6,239.50, a P/E/G ratio of 157.98 and a beta of 1.76. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $100.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The firm's 50-day moving average is $88.94 and its two-hundred day moving average is $69.40.
BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.50% and a net margin of 5.90%. Equities analysts predict that BILL Holdings, Inc. will post 0.04 earnings per share for the current year.
A number of analysts recently weighed in on BILL shares. Needham & Company LLC restated a "buy" rating and issued a $100.00 price target on shares of BILL in a research note on Friday. Robert W. Baird boosted their target price on shares of BILL from $74.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Canaccord Genuity Group reaffirmed a "buy" rating and set a $105.00 price target on shares of BILL in a research note on Friday. Mizuho raised their price objective on shares of BILL from $64.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, Oppenheimer lowered their target price on shares of BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $81.95.
View Our Latest Stock Analysis on BILL
In other BILL news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now owns 259 shares in the company, valued at $23,310. This trade represents a 75.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is currently owned by company insiders.
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.
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