Paymentus (NYSE:PAY) Reaches New 1-Year Low – Time to Sell?

Shares of Paymentus Holdings, Inc. (NYSE:PAY) reached a new 52-week low on Monday . The stock traded as low as $20.27 and last traded at $20.33, with a volume of 118559 shares. The stock had previously closed at $21.07.

Analyst Ratings Changes

Several equities analysts have commented on PAY shares. Weiss Ratings cut shares of Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. The Goldman Sachs Group decreased their price objective on shares of Paymentus from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Robert W. Baird raised 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 upped their target price on Paymentus from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $36.00 price target on shares of Paymentus in a research note on Friday, March 6th. One equities research 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.20.

Paymentus Stock Performance

The company’s 50 day moving average price is $24.58 and its 200-day moving average price is $26.63. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 35.75 and a beta of 1.33.

Paymentus (NYSE:PAY) last issued its earnings results on Monday, May 4th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The business 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 company’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. As a group, sell-side analysts forecast that Paymentus Holdings, Inc. will post 0.65 earnings per share for the current year.

Institutional Trading of Paymentus

A number of institutional investors have recently added to or reduced their stakes in the business. KBC Group NV acquired a new stake in shares of Paymentus in the first quarter worth $41,000. Blue Trust Inc. grew 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 during the last quarter. Los Angeles Capital Management LLC bought a new position in Paymentus in the 4th quarter worth $80,000. Orange County Employees Retirement System acquired a new position in Paymentus during the 4th quarter worth $150,000. Finally, Advisors Asset Management Inc. boosted its holdings in Paymentus by 26.0% during the fourth quarter. Advisors Asset Management Inc. now owns 5,050 shares of the business services provider’s stock valued at $160,000 after acquiring an additional 1,042 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

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.