Fintel reports that on October 2, 2023, Needham reiterated coverage of BILL Holdings (NYSE:BILL) with a Buy recommendation.
Analyst Price Forecast Suggests 23.16% Upside
As of August 31, 2023, the average one-year price target for BILL Holdings is 133.72. The forecasts range from a low of 73.73 to a high of $210.00. The average price target represents an increase of 23.16% from its latest reported closing price of 108.57.
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The projected annual revenue for BILL Holdings is 1,334MM, an increase of 26.03%. The projected annual non-GAAP EPS is 0.85.
What is the Fund Sentiment?
There are 861 funds or institutions reporting positions in BILL Holdings. This is a decrease of 81 owner(s) or 8.60% in the last quarter. Average portfolio weight of all funds dedicated to BILL is 0.50%, an increase of 16.63%. Total shares owned by institutions decreased in the last three months by 2.80% to 123,987K shares. 
The put/call ratio of BILL is 0.64, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 12,538K shares representing 11.76% ownership of the company. In it's prior filing, the firm reported owning 12,748K shares, representing a decrease of 1.67%. The firm increased its portfolio allocation in BILL by 197.45% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 6,473K shares representing 6.07% ownership of the company. In it's prior filing, the firm reported owning 6,422K shares, representing an increase of 0.80%. The firm increased its portfolio allocation in BILL by 37.67% over the last quarter.
Temasek Holdings holds 5,627K shares representing 5.28% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,154K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 3,125K shares, representing an increase of 0.91%. The firm increased its portfolio allocation in BILL by 34.09% over the last quarter.
Franklin Resources holds 2,897K shares representing 2.72% ownership of the company. In it's prior filing, the firm reported owning 2,878K shares, representing an increase of 0.65%. The firm increased its portfolio allocation in BILL by 37.33% over the last quarter.
Bill.com Holdings Background Information
(This description is provided by the company.)
Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. Customers use the Bill.com platform to manage end-to-end financial workflows and to process payments. The Bill.com AI-enabled, financial software platform creates connections between businesses and their suppliers and clients. It helps manage cash inflows and outflow. The company partners with several of the largest U.S. financial institutions, the majority of the top 100 U.S. accounting firms, and popular accounting software providers. Bill.com has offices in Palo Alto, California and Houston, Texas.
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