Paymentus (NYSE:PAY) Director Gary Trainor Sells 40,000 Shares

Paymentus Holdings, Inc. (NYSE:PAY) Director Gary Trainor sold 40,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 629,888 shares of the company’s stock, valued at $20,861,890.56. This represents a 5.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Paymentus Trading Down 4.9%

PAY opened at $34.90 on Friday. The stock has a market cap of $4.39 billion, a PE ratio of 61.22 and a beta of 1.31. Paymentus Holdings, Inc. has a 1 year low of $20.11 and a 1 year high of $39.38. The stock’s 50 day simple moving average is $25.30 and its 200-day simple moving average is $25.78.

Paymentus (NYSE:PAY) last issued its earnings results on Monday, May 4th. The business services provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Paymentus had a return on equity of 13.75% and a net margin of 5.78%.The business had revenue of $358.44 million during the quarter, compared to analyst estimates of $335.45 million. During the same period in the prior year, the company posted $0.14 earnings per share. Paymentus’s revenue was up 30.2% on a year-over-year basis. Equities analysts forecast that Paymentus Holdings, Inc. will post 0.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP lifted its holdings in shares of Paymentus by 82.2% during the fourth quarter. Wasatch Advisors LP now owns 8,553,165 shares of the business services provider’s stock valued at $270,194,000 after acquiring an additional 3,859,056 shares during the period. Invesco Ltd. grew its holdings in shares of Paymentus by 115.8% in the 3rd 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 last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Paymentus during the 4th quarter worth about $60,452,000. Brown Brothers Harriman & Co. lifted its holdings in Paymentus by 148.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,580,593 shares of the business services provider’s stock valued at $49,931,000 after purchasing an additional 943,244 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Paymentus by 20.7% during the 4th quarter. Vanguard Group Inc. now owns 4,391,890 shares of the business services provider’s stock valued at $138,740,000 after purchasing an additional 753,281 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PAY has been the topic of several recent research reports. Weiss Ratings lowered shares of Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Wedbush increased their price target on shares of Paymentus from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, Robert W. Baird cut shares of 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 research 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 company. Based on data from MarketBeat, Paymentus presently has an average rating of “Moderate Buy” and an average price target of $35.20.

About Paymentus

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.