UMB Bank n.a. lifted its holdings in shares of BILL Holdings, Inc. (NYSE:BILL – Free Report) by 283.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,215 shares of the company’s stock after buying an additional 898 shares during the period. UMB Bank n.a.’s holdings in BILL were worth $56,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the business. Temasek Holdings Private Ltd raised its holdings in shares of BILL by 36.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,719,895 shares of the company’s stock worth $170,706,000 after buying an additional 992,591 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in BILL by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 2,490,921 shares of the company’s stock worth $114,308,000 after purchasing an additional 475,100 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in BILL by 110.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company’s stock worth $114,265,000 after purchasing an additional 1,309,337 shares in the last quarter. Greenhouse Funds LLLP increased its holdings in BILL by 68.2% in the 1st quarter. Greenhouse Funds LLLP now owns 2,348,766 shares of the company’s stock worth $107,785,000 after purchasing an additional 952,149 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in BILL by 133.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,038,609 shares of the company’s stock worth $93,552,000 after purchasing an additional 1,165,398 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.
BILL Trading Up 1.9%
NYSE BILL opened at $54.21 on Friday. The business’s 50-day moving average price is $46.10 and its two-hundred day moving average price is $45.34. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The firm has a market capitalization of $5.51 billion, a PE ratio of -338.79, a price-to-earnings-growth ratio of 15.08 and a beta of 1.37. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38.
BILL announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 27th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 7.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
Analyst Ratings Changes
A number of equities analysts have issued reports on BILL shares. Truist Financial raised BILL from a “hold” rating to a “buy” rating and upped their target price for the stock from $50.00 to $63.00 in a report on Friday, September 19th. Piper Sandler cut BILL from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $50.00 in a report on Thursday, August 28th. Evercore ISI lowered their target price on BILL from $50.00 to $48.00 and set an “in-line” rating for the company in a report on Thursday, August 28th. Deutsche Bank Aktiengesellschaft started coverage on BILL in a report on Thursday, July 17th. They issued a “hold” rating and a $49.00 target price for the company. Finally, BMO Capital Markets lowered their target price on BILL from $52.00 to $50.00 and set a “market perform” rating for the company in a report on Thursday, August 28th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BILL has a consensus rating of “Hold” and a consensus price target of $59.15.
View Our Latest Stock Report on BILL
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.
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