Counterpoint Mutual Funds LLC Invests $681,000 in Paymentus Holdings, Inc. $PAY

Counterpoint Mutual Funds LLC purchased a new position in shares of Paymentus Holdings, Inc. (NYSE:PAY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,795 shares of the business services provider’s stock, valued at approximately $681,000.

A number of other hedge funds also recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its holdings in shares of Paymentus by 275.8% during the first quarter. Goldman Sachs Group Inc. now owns 571,917 shares of the business services provider’s stock worth $14,927,000 after purchasing an additional 419,736 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Paymentus in the first quarter valued at $471,000. Millennium Management LLC lifted its holdings in Paymentus by 4.2% in the first quarter. Millennium Management LLC now owns 243,860 shares of the business services provider’s stock valued at $6,365,000 after buying an additional 9,890 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Paymentus by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,295 shares of the business services provider’s stock valued at $425,000 after buying an additional 683 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Paymentus by 23.9% in the first quarter. Advisors Asset Management Inc. now owns 3,450 shares of the business services provider’s stock valued at $90,000 after buying an additional 665 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Paymentus Stock Performance

Shares of PAY stock opened at $33.93 on Tuesday. Paymentus Holdings, Inc. has a 52-week low of $19.53 and a 52-week high of $40.43. The company has a 50-day simple moving average of $33.86 and a two-hundred day simple moving average of $32.65. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 78.91 and a beta of 1.57.

Paymentus (NYSE:PAY) last posted its earnings results on Monday, August 4th. The business services provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. Paymentus had a net margin of 5.37% and a return on equity of 12.63%. The firm had revenue of $280.08 million for the quarter, compared to analysts’ expectations of $262.78 million. During the same quarter last year, the firm earned $0.12 EPS. The company’s quarterly revenue was up 41.9% compared to the same quarter last year. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts forecast that Paymentus Holdings, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wolfe Research upgraded shares of Paymentus from a “peer perform” rating to an “outperform” rating in a report on Tuesday, July 22nd. Robert W. Baird boosted their target price on shares of Paymentus from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Raymond James Financial set a $38.00 target price on shares of Paymentus and gave the company an “outperform” rating in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Paymentus from a “hold” rating to a “buy” rating in a report on Saturday, July 5th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.00.

Paymentus Company Profile

Paymentus Holdings, Inc provides cloud-based bill payment technology and solutions in the United States and internationally. The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service technology platform.