Paymentus Holdings, Inc. (NYSE:PAY) Receives $35.20 Average PT from Analysts

Paymentus Holdings, Inc. (NYSE:PAY) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $35.20.

Several research analysts have weighed in on PAY shares. Robert W. Baird upped their price objective on shares of Paymentus from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Wedbush lifted their target price on shares of Paymentus from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings cut shares of Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in shares of Paymentus by 82.2% during the 4th quarter. Wasatch Advisors LP now owns 8,553,165 shares of the business services provider’s stock valued at $270,194,000 after buying an additional 3,859,056 shares during the last quarter. Capital International Investors raised its position in Paymentus by 6.6% during the fourth quarter. Capital International Investors now owns 7,655,433 shares of the business services provider’s stock valued at $241,835,000 after acquiring an additional 474,780 shares in the last quarter. Vanguard Group Inc. raised its position in Paymentus by 20.7% during the fourth quarter. Vanguard Group Inc. now owns 4,391,890 shares of the business services provider’s stock valued at $138,740,000 after acquiring an additional 753,281 shares in the last quarter. Invesco Ltd. lifted its stake in Paymentus by 115.8% in the third quarter. Invesco Ltd. now owns 3,788,090 shares of the business services provider’s stock valued at $115,916,000 after acquiring an additional 2,032,819 shares during the last quarter. Finally, Capital World Investors lifted its stake in Paymentus by 4.4% in the fourth quarter. Capital World Investors now owns 2,499,583 shares of the business services provider’s stock valued at $78,962,000 after acquiring an additional 105,970 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Paymentus Trading Up 1.3%

Shares of Paymentus stock opened at $28.51 on Friday. Paymentus has a 1 year low of $20.11 and a 1 year high of $39.38. The company has a market cap of $3.59 billion, a P/E ratio of 50.02 and a beta of 1.31. The stock has a 50-day moving average price of $23.91 and a 200 day moving average price of $25.85.

Paymentus (NYSE:PAY) last released its earnings results on Monday, May 4th. The business services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $358.44 million for the quarter, compared to analysts’ expectations of $335.45 million. Paymentus had a return on equity of 13.75% and a net margin of 5.78%.The business’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. On average, equities analysts forecast that Paymentus will post 0.65 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.