Credit Suisse Group Initiates Coverage on Paya (NASDAQ:PAYA)

Research analysts at Credit Suisse Group began coverage on shares of Paya (NASDAQ:PAYA) in a report released on Tuesday, Benzinga reports. The brokerage set an “outperform” rating and a $14.00 price target on the stock. Credit Suisse Group’s price objective points to a potential upside of 53.34% from the stock’s previous close.

Several other research firms have also recently issued reports on PAYA. Raymond James began coverage on shares of Paya in a research report on Friday, February 26th. They set an “outperform” rating and a $15.00 price objective for the company. Zacks Investment Research downgraded shares of Paya from a “hold” rating to a “sell” rating in a research note on Tuesday. William Blair assumed coverage on shares of Paya in a report on Wednesday, January 13th. They issued an “outperform” rating on the stock. Finally, DA Davidson initiated coverage on shares of Paya in a research note on Tuesday, February 23rd. They issued a “buy” rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.40.

Paya stock opened at $9.13 on Tuesday. Paya has a 12-month low of $9.11 and a 12-month high of $15.00. The stock has a market cap of $1.16 billion, a P/E ratio of 114.14 and a beta of 0.05. The company has a 50-day moving average price of $11.09 and a 200 day moving average price of $12.16.

Several hedge funds have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Paya by 6.7% during the 1st quarter. Northern Trust Corp now owns 99,778 shares of the company’s stock worth $1,094,000 after acquiring an additional 6,247 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in Paya during the 1st quarter worth approximately $118,000. Oppenheimer Asset Management Inc. acquired a new stake in Paya during the 4th quarter worth approximately $151,000. Renaissance Technologies LLC acquired a new stake in Paya during the 4th quarter worth approximately $158,000. Finally, Zeke Capital Advisors LLC acquired a new stake in Paya during the 1st quarter worth approximately $156,000. Institutional investors and hedge funds own 41.21% of the company’s stock.

Paya Company Profile

Paya Holdings Inc, through its subsidiaries, provides integrated payment and commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiency. The company through two segments, Integrated Solutions and Payment Services. It processes payments through credit and debit card, ACH, and check payment processing solutions.

Read More: Retained Earnings

Analyst Recommendations for Paya (NASDAQ:PAYA)

Receive News & Ratings for Paya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paya and related companies with MarketBeat.com's FREE daily email newsletter.