Synovus Financial Corp Invests $454,000 in BILL Holdings, Inc. $BILL

Synovus Financial Corp acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,887 shares of the company’s stock, valued at approximately $454,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Xponance Inc. grew its holdings in shares of BILL by 1.6% during the first quarter. Xponance Inc. now owns 13,902 shares of the company’s stock worth $638,000 after purchasing an additional 222 shares in the last quarter. CoreCap Advisors LLC purchased a new position in shares of BILL during the fourth quarter worth about $30,000. Brooklyn Investment Group grew its holdings in shares of BILL by 73.6% during the first quarter. Brooklyn Investment Group now owns 889 shares of the company’s stock worth $41,000 after purchasing an additional 377 shares in the last quarter. AXA S.A. boosted its stake in BILL by 0.5% in the fourth quarter. AXA S.A. now owns 81,690 shares of the company’s stock worth $6,920,000 after buying an additional 429 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in BILL by 134.1% in the first quarter. Fifth Third Bancorp now owns 749 shares of the company’s stock worth $34,000 after buying an additional 429 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Price Performance

Shares of BILL stock opened at $49.33 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The company has a market cap of $5.08 billion, a PE ratio of -308.30, a P/E/G ratio of 9.24 and a beta of 1.35. The business has a 50 day moving average of $44.16 and a 200 day moving average of $45.81. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19.

BILL (NYSE:BILL) last announced its earnings results on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.12. The company had revenue of $383.35 million during the quarter, compared to the consensus estimate of $376.43 million. BILL had a return on equity of 1.16% and a net margin of 1.63%.The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. As a group, equities research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 27th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to buy up to 7.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BILL. Evercore ISI cut their target price on BILL from $50.00 to $48.00 and set an “in-line” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft began coverage on BILL in a research note on Thursday, July 17th. They issued a “hold” rating and a $49.00 target price for the company. Morgan Stanley lowered BILL from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $60.00 to $55.00 in a research note on Wednesday, June 11th. Citigroup cut their target price on BILL from $88.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, May 22nd. Finally, Keefe, Bruyette & Woods cut their target price on BILL from $54.00 to $46.00 and set a “market perform” rating for the company in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BILL currently has a consensus rating of “Hold” and a consensus price target of $59.50.

Insider Activity at BILL

In related news, insider Rajesh A. Aji sold 1,780 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the transaction, the insider owned 9,298 shares in the company, valued at $420,734.50. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

About BILL

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.