Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Buys 219,892 Shares of Paymentus Holdings, Inc. $PAY

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group boosted its stake in Paymentus Holdings, Inc. (NYSE:PAY) by 104.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 429,916 shares of the business services provider’s stock after purchasing an additional 219,892 shares during the period. Paymentus accounts for 6.6% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings, making the stock its 4th biggest holding. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Paymentus were worth $13,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its position in Paymentus by 0.7% in the second quarter. Raymond James Financial Inc. now owns 55,991 shares of the business services provider’s stock worth $1,834,000 after buying an additional 413 shares during the period. GSA Capital Partners LLP increased its position in Paymentus by 1.6% in the third quarter. GSA Capital Partners LLP now owns 40,554 shares of the business services provider’s stock worth $1,241,000 after buying an additional 632 shares during the period. Hamilton Lane Advisors LLC increased its position in Paymentus by 7.8% in the fourth quarter. Hamilton Lane Advisors LLC now owns 9,303 shares of the business services provider’s stock worth $294,000 after buying an additional 676 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 worth $425,000 after buying an additional 683 shares during the period. Finally, Palisades Investment Partners LLC increased its position in Paymentus by 0.5% in the third quarter. Palisades Investment Partners LLC now owns 195,998 shares of the business services provider’s stock worth $5,998,000 after buying an additional 962 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Paymentus Stock Up 0.5%

NYSE:PAY opened at $24.79 on Friday. Paymentus Holdings, Inc. has a 52-week low of $22.02 and a 52-week high of $40.43. The firm has a market cap of $3.12 billion, a P/E ratio of 43.49 and a beta of 1.40. The business’s 50-day moving average price is $25.98 and its 200 day moving average price is $28.78.

Paymentus (NYSE:PAY) last released its quarterly earnings results on Monday, May 4th. The business services provider reported $0.21 earnings per share 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 quarter last year, the company posted $0.14 EPS. Paymentus’s revenue for the quarter was up 30.2% on a year-over-year basis. Sell-side analysts expect that Paymentus Holdings, Inc. will post 0.65 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on PAY shares. Wall Street Zen raised Paymentus from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Raymond James Financial restated a “strong-buy” rating and set a $36.00 price objective on shares of Paymentus in a research note on Friday, March 6th. Wedbush lifted their target price on Paymentus from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. The Goldman Sachs Group lowered their target price on Paymentus from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. Finally, Robert W. Baird lifted their target price on Paymentus from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Paymentus currently has an average rating of “Moderate Buy” and an average target price of $35.20.

Paymentus 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.