Paymentus (NYSE:PAY) Sets New 12-Month Low – Here’s Why

Shares of Paymentus Holdings, Inc. (NYSE:PAY) hit a new 52-week low during trading on Friday . The stock traded as low as $20.52 and last traded at $20.65, with a volume of 519945 shares trading hands. The stock had previously closed at $21.17.

Analysts Set New Price Targets

PAY has been the topic of several recent analyst reports. Wedbush boosted their price target on Paymentus from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group reduced their price objective on Paymentus from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Robert W. Baird boosted their price objective on Paymentus from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Wall Street Zen raised Paymentus from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $36.00 price objective on shares of Paymentus in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.20.

Paymentus Trading Down 1.7%

The business has a fifty day simple moving average of $25.46 and a two-hundred day simple moving average of $27.66. The stock has a market cap of $2.62 billion, a PE ratio of 36.52 and a beta of 1.33.

Paymentus (NYSE:PAY) last released its quarterly earnings data on Monday, May 4th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $358.44 million for the quarter, compared to analysts’ expectations of $335.45 million. Paymentus had a return on equity of 13.75% and a net margin of 5.78%.The firm’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. On average, research analysts predict that Paymentus Holdings, Inc. will post 0.65 earnings per share for the current year.

Institutional Trading of Paymentus

Several institutional investors have recently added to or reduced their stakes in PAY. Plato Investment Management Ltd purchased a new position in shares of Paymentus during the third quarter worth approximately $33,000. KBC Group NV purchased a new position in shares of Paymentus during the first quarter worth approximately $41,000. Blue Trust Inc. increased its position in shares of Paymentus by 186.8% during the fourth quarter. Blue Trust Inc. now owns 2,025 shares of the business services provider’s stock worth $64,000 after acquiring an additional 1,319 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Paymentus during the fourth quarter worth approximately $80,000. Finally, Orange County Employees Retirement System purchased a new position in shares of Paymentus during the fourth quarter worth approximately $150,000. Institutional investors own 78.38% of the company’s stock.

Paymentus Company Profile

Paymentus is a U.S.-based financial technology company that specializes in cloud-native bill payment and presentment solutions. Its platform enables businesses and government entities to manage the entire payment lifecycle, from electronic bill presentment and real-time payment processing to reconciliation and reporting. Through web portals, mobile applications, interactive voice response (IVR) systems and in-person channels, Paymentus helps clients streamline accounts receivable operations, enhance customer engagement and reduce operational costs.

Founded in 2004 and headquartered in Wilmington, Delaware, Paymentus has built a modular suite of services that can be tailored to the needs of various industries.