Paymentus (NYSE:PAY) Director Sells 80,000 Shares

Paymentus Holdings, Inc. (NYSE:PAY) Director Gary Trainor sold 80,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $40.79, for a total transaction of $3,263,200.00. Following the completion of the transaction, the director owned 509,888 shares in the company, valued at approximately $20,798,331.52. This represents a 13.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gary Trainor also recently made the following trade(s):

• On Tuesday, July 28th, Gary Trainor sold 40,000 shares of Paymentus stock. The shares were sold at an average price of $33.12, for a total transaction of $1,324,800.00.

Paymentus Stock Up 0.2%

Shares of NYSE PAY traded up $0.08 during mid-day trading on Thursday, reaching $40.08. 814,796 shares of the company were exchanged, compared to its average volume of 1,280,175. The stock has a market capitalization of $5.04 billion, a P/E ratio of 60.72 and a beta of 1.29. The company’s 50-day simple moving average is $26.83 and its 200-day simple moving average is $26.10. Paymentus Holdings, Inc. has a twelve month low of $20.11 and a twelve month high of $45.31.

Paymentus (NYSE:PAY) last announced its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $360.74 million for the quarter, compared to analyst estimates of $345.44 million. Paymentus had a net margin of 6.24% and a return on equity of 15.26%. Paymentus’s quarterly revenue was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 EPS. As a group, equities research analysts expect that Paymentus Holdings, Inc. will post 0.71 EPS for the current year.

Institutional Investors Weigh In On Paymentus

Several institutional investors have recently made changes to their positions in PAY. KBC Group NV bought a new position in Paymentus during the 1st quarter worth $41,000. Blue Trust Inc. lifted its position in shares of Paymentus by 186.8% during the 4th quarter. Blue Trust Inc. now owns 2,025 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 1,319 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Paymentus during the 4th quarter worth $80,000. Orange County Employees Retirement System acquired a new stake in shares of Paymentus during the 4th quarter worth $150,000. Finally, Advisors Asset Management Inc. increased its position in shares of Paymentus by 26.0% in the fourth quarter. Advisors Asset Management Inc. now owns 5,050 shares of the business services provider’s stock worth $160,000 after purchasing an additional 1,042 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PAY. Wolfe Research reiterated an “outperform” rating and set a $44.00 target price on shares of Paymentus in a research note on Tuesday. The Goldman Sachs Group upped their price objective on Paymentus from $32.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday. Robert W. Baird lifted their target price on Paymentus from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday. Wedbush boosted their target price on shares of Paymentus from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Paymentus from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Paymentus has an average rating of “Moderate Buy” and an average target price of $38.67.

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.