State of New Jersey Common Pension Fund D Raises Holdings in BILL Holdings, Inc. (NYSE:BILL)

State of New Jersey Common Pension Fund D increased its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 57,962 shares of the company’s stock after purchasing an additional 3,789 shares during the period. State of New Jersey Common Pension Fund D’s holdings in BILL were worth $4,729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sands Capital Management LLC acquired a new position in shares of BILL in the 3rd quarter valued at $136,000. Signaturefd LLC lifted its stake in shares of BILL by 13.7% in the 3rd 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 last quarter. EMC Capital Management acquired a new position in shares of BILL in the 4th quarter valued at $163,000. AtonRa Partners acquired a new position in shares of BILL in the 3rd quarter valued at $201,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of 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 purchasing an additional 193 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BILL. Oppenheimer upped their price target on BILL from $75.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. BNP Paribas upgraded BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target on the stock in a report on Wednesday, March 13th. JPMorgan Chase & Co. dropped their price objective on BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Piper Sandler decreased their target price on BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of BILL in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and an average target price of $103.57.

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction 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 available through this hyperlink. Company insiders own 3.80% of the company’s stock.

BILL Stock Up 3.2 %

Shares of BILL stock traded up $1.91 on Friday, hitting $62.41. The stock had a trading volume of 1,019,655 shares, compared to its average volume of 2,127,671. BILL Holdings, Inc. has a twelve month low of $51.94 and a twelve month high of $139.50. 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 fifty day moving average price of $64.28 and a two-hundred day moving average price of $73.09.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.26. The firm had revenue of $318.50 million for the quarter, compared to analysts’ expectations of $296.62 million. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. As a group, research analysts expect that BILL Holdings, Inc. will post 0.03 earnings per share for the current year.

BILL 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.