Paymentus (NYSE:PAY) Releases Earnings Results, Beats Expectations By $0.02 EPS

Paymentus (NYSE:PAY) announced its quarterly earnings results on Monday. The business services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02, Zacks reports. Paymentus had a return on equity of 13.75% and a net margin of 5.78%.

Paymentus Stock Up 0.7%

Shares of NYSE:PAY traded up $0.24 during trading on Monday, reaching $34.34. The stock had a trading volume of 1,327,958 shares, compared to its average volume of 825,517. The stock has a market cap of $4.32 billion, a P/E ratio of 60.25 and a beta of 1.31. The business has a fifty day moving average price of $25.52 and a 200-day moving average price of $25.81. Paymentus has a fifty-two week low of $20.11 and a fifty-two week high of $39.38.

Analyst Ratings Changes

Several equities analysts recently issued reports on PAY shares. Wedbush lifted their price objective on Paymentus from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Weiss Ratings cut Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Robert W. Baird downgraded Paymentus from an “outperform” rating to a “neutral” rating and set a $34.00 price target for the company. in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.20.

Insider Transactions at Paymentus

In other Paymentus news, Director Gary Trainor sold 40,000 shares of Paymentus stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $33.12, for a total value of $1,324,800.00. Following the completion of the sale, the director directly owned 629,888 shares of the company’s stock, valued at approximately $20,861,890.56. The trade was a 5.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 55.75% of the company’s stock.

Hedge Funds Weigh In On Paymentus

Large investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its holdings in shares of Paymentus by 82.2% during the 4th quarter. Wasatch Advisors LP now owns 8,553,165 shares of the business services provider’s stock worth $270,194,000 after acquiring an additional 3,859,056 shares during the period. Invesco Ltd. raised its stake in Paymentus by 115.8% during the third quarter. Invesco Ltd. now owns 3,788,090 shares of the business services provider’s stock worth $115,916,000 after purchasing an additional 2,032,819 shares during the period. Franklin Resources Inc. grew its position in Paymentus by 9.4% during the fourth quarter. Franklin Resources Inc. now owns 2,171,601 shares of the business services provider’s stock valued at $68,601,000 after acquiring an additional 186,773 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Paymentus during the fourth quarter worth about $60,452,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Paymentus by 148.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,580,593 shares of the business services provider’s stock worth $49,931,000 after purchasing an additional 943,244 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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.