Paymentus Holdings, Inc. $PAY Shares Acquired by Capital International Investors

Capital International Investors increased its position in Paymentus Holdings, Inc. (NYSE:PAY) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,655,433 shares of the business services provider’s stock after acquiring an additional 474,780 shares during the period. Capital International Investors owned approximately 0.06% of Paymentus worth $241,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PAY. Plato Investment Management Ltd purchased a new stake in Paymentus in the 3rd quarter valued at approximately $33,000. Blue Trust Inc. lifted its stake in Paymentus by 186.8% in the 4th quarter. Blue Trust Inc. now owns 2,025 shares of the business services provider’s stock valued at $64,000 after buying an additional 1,319 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Paymentus in the 4th quarter valued at approximately $80,000. Orange County Employees Retirement System purchased a new stake in Paymentus in the 4th quarter valued at approximately $150,000. Finally, Vident Advisory LLC purchased a new stake in Paymentus in the 2nd quarter valued at approximately $204,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Robert W. Baird upped their target price on Paymentus from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $36.00 target price on shares of Paymentus in a research note on Friday, March 6th. Wedbush upped their target price on Paymentus from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group reduced their target price on Paymentus from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Finally, Weiss Ratings raised Paymentus from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Paymentus has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Paymentus Stock Down 1.9%

Shares of Paymentus stock opened at $20.50 on Tuesday. Paymentus Holdings, Inc. has a fifty-two week low of $20.44 and a fifty-two week high of $39.38. The firm has a market cap of $2.58 billion, a PE ratio of 35.97 and a beta of 1.33. The business’s fifty day moving average is $25.29 and its two-hundred day moving average is $27.45.

Paymentus (NYSE:PAY) last issued its quarterly earnings results on Monday, May 4th. The business services provider reported $0.21 earnings per share for the quarter, topping 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 company had revenue of $358.44 million for the quarter, compared to analyst estimates of $335.45 million. During the same quarter in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. Equities research analysts anticipate that Paymentus Holdings, Inc. will post 0.65 EPS for the current year.

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.