Paymentus Holdings, Inc. (NYSE:PAY) Given Consensus Rating of “Moderate Buy” by Brokerages

Paymentus Holdings, Inc. (NYSE:PAY) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $35.20.

PAY has been the subject of several analyst reports. Wedbush raised 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. The Goldman Sachs Group dropped their price objective on Paymentus from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Weiss Ratings cut Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Robert W. Baird boosted their target price 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. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $36.00 target price on shares of Paymentus in a report on Friday, March 6th.

Institutional Trading of Paymentus

Several large investors have recently added to or reduced their stakes in PAY. Plato Investment Management Ltd bought a new position in shares of Paymentus in the third quarter valued at approximately $33,000. KBC Group NV acquired a new stake in Paymentus during the 1st quarter valued at $41,000. Blue Trust Inc. raised its position 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 purchasing an additional 1,319 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Paymentus in the fourth quarter worth $80,000. Finally, Orange County Employees Retirement System bought a new stake in shares of Paymentus during the fourth quarter worth $150,000. 78.38% of the stock is owned by institutional investors.

Paymentus Stock Performance

Shares of PAY stock opened at $21.98 on Wednesday. The firm has a fifty day moving average of $24.83 and a 200-day moving average of $26.92. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 38.56 and a beta of 1.33. Paymentus has a 52-week low of $20.33 and a 52-week high of $39.38.

Paymentus (NYSE:PAY) last issued its earnings results on Monday, May 4th. The business services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $358.44 million for the quarter, compared to analyst estimates of $335.45 million. Paymentus had a net margin of 5.78% and a return on equity of 13.75%. The firm’s revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. On average, sell-side analysts predict 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.