Fifth Third Bancorp Grows Position in BILL Holdings, Inc. $BILL

Fifth Third Bancorp increased its holdings in BILL Holdings, Inc. (NYSE:BILL) by 6,578.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 65,581 shares of the company’s stock after purchasing an additional 64,599 shares during the period. Fifth Third Bancorp’s holdings in BILL were worth $2,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its holdings in BILL by 972.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock valued at $28,000 after acquiring an additional 486 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of BILL in the fourth quarter worth $28,000. Rockefeller Capital Management L.P. boosted its holdings in shares of BILL by 173.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock worth $39,000 after acquiring an additional 452 shares during the period. CWM LLC grew its position in shares of BILL by 1,000.0% in the fourth quarter. CWM LLC now owns 803 shares of the company’s stock valued at $44,000 after purchasing an additional 730 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new position in shares of BILL in the first quarter valued at $58,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BILL shares. TD Cowen assumed coverage on BILL in a report on Monday, June 22nd. They set a “buy” rating and a $43.00 target price for the company. Zacks Research raised shares of BILL from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Truist Financial lowered shares of BILL from a “buy” rating to a “hold” rating and cut their price objective for the company from $45.00 to $35.00 in a research report on Wednesday, June 10th. The Goldman Sachs Group boosted their price objective on shares of BILL from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of BILL from a “buy” rating to a “hold” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.50.

BILL Stock Performance

Shares of NYSE BILL opened at $45.10 on Tuesday. The stock’s 50-day moving average is $37.32 and its 200 day moving average is $41.04. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of -4,505.49, a P/E/G ratio of 1.00 and a beta of 1.17. BILL Holdings, Inc. has a 1-year low of $31.41 and a 1-year high of $57.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.13. BILL had a return on equity of 2.40% and a net margin of 0.01%.The business had revenue of $406.56 million during the quarter, compared to analyst estimates of $403.76 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. BILL’s revenue for the quarter was up 13.5% on a year-over-year basis. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. On average, sell-side analysts anticipate that BILL Holdings, Inc. will post 0.95 EPS for the current fiscal 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. It also offers onboarding implementation support, and ongoing support and training services.