Transce3nd LLC Invests $14.63 Million in BILL Holdings, Inc. (NYSE:BILL)

by · The Cerbat Gem

Transce3nd LLC bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 172,616 shares of the company’s stock, valued at approximately $14,625,000. BILL comprises approximately 5.0% of Transce3nd LLC’s holdings, making the stock its 5th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in BILL. GAMMA Investing LLC grew its holdings in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC boosted its position in shares of BILL by 129.1% in the 4th 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 purchased a new position in BILL during the 4th quarter worth approximately $27,000. Global Retirement Partners LLC increased its position in BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after buying an additional 377 shares during the period. Finally, GeoWealth Management LLC purchased a new stake in BILL in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BILL. Keefe, Bruyette & Woods lowered their target price on shares of BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a research report on Monday, March 31st. Seaport Res Ptn cut shares of BILL from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Mizuho dropped their price objective on shares of BILL from $70.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of BILL in a report on Monday, March 17th. Finally, Wells Fargo & Company lowered their price target on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.72.

Get Our Latest Stock Report on BILL

BILL Price Performance

BILL stock opened at $40.63 on Friday. The stock’s 50 day moving average price is $48.09 and its 200 day moving average price is $68.51. The firm has a market cap of $4.14 billion, a P/E ratio of -4,063.40, a PEG ratio of 29.46 and a beta of 1.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. BILL Holdings, Inc. has a 1 year low of $36.55 and a 1 year high of $100.19.

BILL (NYSE:BILL – Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. On average, sell-side analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BILL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BILL Holdings, Inc. (NYSE:BILL – Free Report).