Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Raises Holdings in Paymentus Holdings, Inc. $PAY

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its position in shares of Paymentus Holdings, Inc. (NYSE:PAY) by 70.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 733,470 shares of the business services provider’s stock after purchasing an additional 303,554 shares during the quarter. Paymentus accounts for about 7.1% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s investment portfolio, making the stock its 4th biggest holding. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Paymentus were worth $18,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. 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 acquiring an additional 1,319 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Paymentus during the 4th quarter worth approximately $80,000. Orange County Employees Retirement System bought a new position in shares of Paymentus during the 4th quarter worth approximately $150,000. Advisors Asset Management Inc. raised its holdings in shares of Paymentus by 26.0% in the fourth quarter. Advisors Asset Management Inc. now owns 5,050 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Vident Advisory LLC acquired a new stake in shares of Paymentus in the second quarter valued at approximately $204,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Weiss Ratings cut shares of Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wedbush lifted their price target on shares of Paymentus from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, Robert W. Baird boosted their price target on shares of Paymentus from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Paymentus currently has an average rating of “Moderate Buy” and an average price target of $35.20.

Paymentus Price Performance

Paymentus stock opened at $28.38 on Wednesday. The firm has a market capitalization of $3.57 billion, a PE ratio of 49.80 and a beta of 1.31. The company’s 50-day moving average is $23.98 and its 200-day moving average is $25.76. Paymentus Holdings, Inc. has a fifty-two week low of $20.11 and a fifty-two 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 (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. Paymentus had a net margin of 5.78% and a return on equity of 13.75%. The business had revenue of $358.44 million during the quarter, compared to the consensus estimate of $335.45 million. During the same period last year, the business posted $0.14 EPS. Paymentus’s revenue was up 30.2% on a year-over-year basis. As a group, analysts expect that Paymentus Holdings, Inc. will post 0.65 EPS 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.