Paymentus Holdings, Inc. (PAY) – What Are Investment Firms Thinking About This Stock?

Paymentus Holdings, Inc. (NYSE:PAY) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $38.86.

PAY has been the subject of a number of recent analyst reports. Wolfe Research lowered Paymentus from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, August 25th. Weiss Ratings lowered Paymentus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. Wall Street Zen upgraded Paymentus from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. The Goldman Sachs Group raised their price target on shares of Paymentus from $32.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Yorkville Ives began coverage on shares of Paymentus in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $40.00 price target for the company.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new position in Paymentus in the third quarter worth about $172,000. Ieq Capital LLC bought a new stake in Paymentus in the third quarter valued at about $201,000. Boston Partners increased its holdings in Paymentus by 80.0% in the third quarter. Boston Partners now owns 59,868 shares of the business services provider’s stock valued at $1,834,000 after buying an additional 26,611 shares during the last quarter. Independent Advisor Alliance raised its stake in Paymentus by 7.5% during the third quarter. Independent Advisor Alliance now owns 28,142 shares of the business services provider’s stock valued at $863,000 after buying an additional 1,970 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Paymentus during the third quarter valued at approximately $128,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Paymentus Trading Down 0.5%

Shares of PAY stock opened at $33.96 on Friday. The firm has a fifty day simple moving average of $33.08 and a 200-day simple moving average of $28.98. The company has a market capitalization of $4.28 billion, a PE ratio of 46.52 and a beta of 1.35. Paymentus has a twelve month low of $20.11 and a twelve month high of $45.31.

Paymentus (NYSE:PAY) last issued its quarterly earnings data on Monday, November 2nd. The business services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $372.18 million for the quarter, compared to analyst estimates of $358.87 million. Paymentus had a net margin of 6.65% and a return on equity of 16.14%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS. Equities research analysts predict that Paymentus will post 0.77 EPS for the current year.

Paymentus Company Profile

Paymentus Holdings, Inc. provides cloud-based billing and payment technology for businesses and public-sector organizations. Its platform helps billers present bills, accept and process payments, and communicate with customers through digital and other payment channels. The company serves organizations in sectors such as utilities, financial services, government, healthcare, insurance, and telecommunications. Its services support multiple payment methods and are designed to integrate with clients’ billing and customer-management systems.