Paymentus Holdings, Inc. (NYSE:PAY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Paymentus Holdings, Inc. (NYSE:PAY) have earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $38.6667.

Several research firms recently commented on PAY. Robert W. Baird raised their price target on shares of Paymentus from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Weiss Ratings downgraded shares of Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. The Goldman Sachs Group increased their target price on shares of Paymentus from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Wolfe Research restated an “outperform” rating and set a $44.00 target price on shares of Paymentus in a research report on Tuesday, August 4th. Finally, Wedbush lifted 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.

Insider Activity at Paymentus

In other news, CFO Sanjay Kalra sold 2,909 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $40.25, for a total transaction of $117,087.25. Following the completion of the transaction, the chief financial officer directly owned 505,597 shares of the company’s stock, valued at $20,350,279.25. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary Trainor sold 80,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $40.79, for a total value of $3,263,200.00. Following the transaction, the director owned 509,888 shares in the company, valued at $20,798,331.52. This trade represents a 13.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 147,909 shares of company stock worth $5,735,337. 55.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Paymentus

A number of large investors have recently added to or reduced their stakes in PAY. KBC Group NV acquired a new stake in shares of Paymentus in the first quarter valued at about $41,000. Los Angeles Capital Management LLC acquired a new position in shares of Paymentus during the 4th quarter worth about $80,000. Orange County Employees Retirement System acquired a new position in shares of Paymentus during the 4th quarter worth about $150,000. Advisors Asset Management Inc. lifted its stake in Paymentus by 26.0% in the 4th quarter. Advisors Asset Management Inc. now owns 5,050 shares of the business services provider’s stock valued at $160,000 after buying an additional 1,042 shares in the last quarter. Finally, Vident Advisory LLC purchased a new position in Paymentus in the 2nd quarter valued at about $204,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Paymentus Trading Down 0.3%

Shares of NYSE:PAY opened at $39.88 on Monday. Paymentus has a 12-month low of $20.11 and a 12-month high of $45.31. The company has a market capitalization of $5.02 billion, a PE ratio of 60.43 and a beta of 1.29. The business has a 50 day moving average of $30.87 and a two-hundred day moving average of $26.99.

Paymentus (NYSE:PAY) last issued its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $360.74 million for the quarter, compared to analysts’ expectations of $345.44 million. Paymentus had a net margin of 6.24% and a return on equity of 15.26%. The business’s revenue was up 28.8% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. Equities research analysts predict that Paymentus will post 0.77 earnings per share for the current fiscal year.

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.