Paymentus Holdings, Inc. $PAY Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its holdings in Paymentus Holdings, Inc. (NYSE:PAY) by 83.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 72,999 shares of the business services provider’s stock after purchasing an additional 33,278 shares during the period. Lazard Asset Management LLC’s holdings in Paymentus were worth $1,854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Castleark Management LLC acquired a new stake in Paymentus in the 1st quarter valued at about $6,878,000. North Reef Capital Management LP acquired a new position in shares of Paymentus during the 1st quarter worth approximately $18,658,000. Entropy Technologies LP boosted its holdings in shares of Paymentus by 44.6% during the 1st quarter. Entropy Technologies LP now owns 13,452 shares of the business services provider’s stock worth $342,000 after purchasing an additional 4,146 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Paymentus by 4.1% in the first quarter. Public Employees Retirement System of Ohio now owns 136,354 shares of the business services provider’s stock valued at $3,463,000 after purchasing an additional 5,370 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Paymentus by 42.3% in the first quarter. Dimensional Fund Advisors LP now owns 835,799 shares of the business services provider’s stock valued at $21,227,000 after purchasing an additional 248,514 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Paymentus Stock Performance

Shares of PAY stock opened at $34.34 on Tuesday. The firm has a market cap of $4.32 billion, a P/E ratio of 60.25 and a beta of 1.28. The firm’s 50 day moving average price is $25.73 and its 200-day moving average price is $25.85. Paymentus Holdings, Inc. has a one year low of $20.11 and a one year high of $39.38.

Paymentus (NYSE:PAY) last posted its earnings results on Monday, August 3rd. The business services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.06. The firm had revenue of $360.74 million during the quarter, compared to the consensus estimate of $345.44 million. Paymentus had a net margin of 5.78% and a return on equity of 13.75%. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. As a group, research analysts predict that Paymentus Holdings, Inc. will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PAY. Weiss Ratings downgraded Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Robert W. Baird cut Paymentus from an “outperform” rating to a “neutral” rating and set a $34.00 target price for the company. in a report on Thursday, July 30th. Finally, Wedbush lifted their price target on Paymentus from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.20.

Key Stories Impacting Paymentus

Here are the key news stories impacting Paymentus this week:

• Positive Sentiment: Revenue and earnings beat estimates. Paymentus reported revenue of approximately $360.7 million, up 28.8% year over year and above consensus estimates ranging from $345.4 million to $356.7 million. Quarterly EPS was $0.25, versus analyst expectations of $0.19-$0.20 and $0.11 a year earlier. Paymentus Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Profitability and cash flow improved sharply. Gross profit increased 32% to $94.3 million, operating profit more than doubled to $32.6 million, and net income attributable to common shareholders rose 73.8% to $25.6 million. Operating cash flow reached $48.9 million, while cash and equivalents increased 41.8% year over year to $377.7 million. Paymentus Holdings Q2 2026 Earnings
• Positive Sentiment: Management maintained a favorable growth narrative. CEO Dushyant Sharma said businesses are increasingly focused on smooth digital billing experiences to improve customer loyalty. The company described second-quarter revenue as a record and cited continued business momentum. Paymentus Revenue Surges
• Neutral Sentiment: Forward revenue guidance was broadly in line with expectations. Paymentus guided for third-quarter revenue of $353 million-$363 million, versus a $356.7 million consensus estimate, and full-year 2026 revenue of $1.4 billion-$1.5 billion, roughly matching the existing $1.4 billion consensus. The company did not provide a clearly stated EPS outlook in the available report.
• Negative Sentiment: Insider selling remains a potential overhang. Recent trading data showed three insider sales totaling 80,000 shares and no insider purchases during the past six months. Additionally, the stock’s valuation remains elevated, with a reported price-to-earnings ratio above 60, increasing sensitivity to future growth or execution disappointments.

Insider Buying and Selling at Paymentus

In related news, Director Gary Trainor sold 40,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $33.12, for a total value of $1,324,800.00. Following the sale, the director owned 629,888 shares in the company, valued at approximately $20,861,890.56. The trade was a 5.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 55.75% 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.