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

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

A number of equities analysts have issued reports on PAY shares. Robert W. Baird lifted their price objective on shares of Paymentus from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Wedbush increased their target price on shares of Paymentus from $32.00 to $36.00 and gave the company an “outperform” rating in a report 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.

Hedge Funds Weigh In On Paymentus

Several hedge funds have recently modified their holdings of PAY. Capital International Investors raised its stake in shares of Paymentus by 17.6% in the third quarter. Capital International Investors now owns 7,180,653 shares of the business services provider’s stock valued at $219,728,000 after buying an additional 1,072,387 shares during the period. B. Metzler seel. Sohn & Co. AG grew its stake in shares of Paymentus by 140.0% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 78,328 shares of the business services provider’s stock worth $2,474,000 after acquiring an additional 45,687 shares during the period. Comerica Bank grew its stake in shares of Paymentus by 11,320.8% during the 4th quarter. Comerica Bank now owns 40,544 shares of the business services provider’s stock worth $1,281,000 after acquiring an additional 40,189 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Paymentus by 139.1% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 94,536 shares of the business services provider’s stock worth $2,986,000 after acquiring an additional 55,005 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in Paymentus in the 3rd quarter worth about $19,503,000. Institutional investors own 78.38% of the company’s stock.

Paymentus Price Performance

Shares of PAY stock traded down $0.05 during trading hours on Friday, reaching $28.22. The company had a trading volume of 1,369,339 shares, compared to its average volume of 1,407,442. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 49.51 and a beta of 1.31. Paymentus has a 12 month low of $20.11 and a 12 month high of $39.38. The business has a fifty day simple moving average of $23.92 and a 200-day simple moving average of $25.84.

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