9,887 Shares in BILL Holdings, Inc. $BILL Acquired by Synovus Financial Corp

Key Points

• Synovus Financial Corp has invested approximately $454,000 in BILL Holdings, acquiring 9,887 shares during the first quarter of the year.
• BILL Holdings recently reported a quarterly EPS of $0.53, exceeding analysts' expectations, along with revenues of $383.35 million, which reflects an 11.5% year-over-year growth.
• The company has announced a $300 million share buyback plan, implying management's belief that the stock is currently undervalued.

Synovus Financial Corp bought a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,887 shares of the company's stock, valued at approximately $454,000.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in BILL by 3,947.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,098 shares of the company's stock valued at $693,000 after purchasing an additional 14,725 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of BILL in the 1st quarter worth approximately $570,000. Cetera Investment Advisers bought a new stake in BILL during the 4th quarter valued at $467,000. GAMMA Investing LLC raised its stake in BILL by 303.9% during the 1st quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock valued at $57,000 after acquiring an additional 930 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in BILL by 145.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 2,203 shares of the company's stock valued at $101,000 after acquiring an additional 1,306 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Price Performance

Shares of NYSE BILL traded down $2.69 during mid-day trading on Friday, reaching $46.51. The company had a trading volume of 7,428,445 shares, compared to its average volume of 4,274,995. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. The stock has a market cap of $4.73 billion, a PE ratio of 154.73, a P/E/G ratio of 10.30 and a beta of 1.37. The company has a 50-day moving average price of $44.21 and a two-hundred day moving average price of $45.60. 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 issued its earnings results on Wednesday, August 27th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.12. BILL had a return on equity of 1.16% and a net margin of 1.63%.The business had revenue of $383.35 million for the quarter, compared to analysts' expectations of $376.43 million. During the same period in the previous year, the firm posted $0.57 EPS. The company's quarterly revenue was up 11.5% on a year-over-year basis. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. On average, equities analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL declared that its board has approved a stock repurchase plan on Wednesday, August 27th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to buy up to 7.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have weighed in on BILL. Canaccord Genuity Group reaffirmed a "buy" rating and set a $75.00 target price on shares of BILL in a research note on Thursday. Robert W. Baird cut their target price on BILL from $55.00 to $52.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Morgan Stanley downgraded BILL from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $60.00 to $55.00 in a research note on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft began coverage on BILL in a research note on Thursday, July 17th. They set a "hold" rating and a $49.00 target price on the stock. Finally, Evercore ISI cut their target price on BILL from $50.00 to $48.00 and set an "in-line" rating on the stock in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, BILL presently has a consensus rating of "Hold" and an average price target of $59.50.

Insider Buying and Selling at BILL

In other BILL news, insider Rajesh A. Aji sold 1,780 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the sale, the insider owned 9,298 shares of the company's stock, valued at $420,734.50. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is 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.