Wasatch Advisors LP Trims Stock Position in Paymentus Holdings, Inc. $PAY

Posted by on Jun 27th, 2026

Wasatch Advisors LP lessened its stake in Paymentus Holdings, Inc. (NYSE:PAY – Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,896,896 shares of the business services provider’s stock after selling 656,269 shares during the period. Paymentus accounts for approximately 1.3% of Wasatch Advisors LP’s portfolio, making the stock its 25th largest position. Wasatch Advisors LP owned approximately 0.06% of Paymentus worth $200,581,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Capital International Investors lifted its holdings in shares of Paymentus by 17.6% in the 3rd quarter. Capital International Investors now owns 7,180,653 shares of the business services provider’s stock valued at $219,728,000 after purchasing an additional 1,072,387 shares during the last quarter. Vanguard Group Inc. grew its stake in Paymentus by 33.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,638,609 shares of the business services provider’s stock worth $111,341,000 after buying an additional 903,627 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its stake in Paymentus by 140.0% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 78,328 shares of the business services provider’s stock worth $2,474,000 after buying an additional 45,687 shares during the last quarter. Comerica Bank increased its position in Paymentus by 11,320.8% during the fourth quarter. Comerica Bank now owns 40,544 shares of the business services provider’s stock worth $1,281,000 after buying an additional 40,189 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in Paymentus by 139.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 94,536 shares of the business services provider’s stock worth $2,986,000 after buying an additional 55,005 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Paymentus Stock Up 9.7%

NYSE PAY opened at $23.32 on Friday. The firm has a market cap of $2.93 billion, a P/E ratio of 40.92 and a beta of 1.33. Paymentus Holdings, Inc. has a 52-week low of $20.11 and a 52-week high of $39.38. The business’s 50-day moving average price is $24.17 and its 200 day moving average price is $26.21.

Paymentus (NYSE:PAY – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The business services provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Paymentus had a return on equity of 13.75% and a net margin of 5.78%.The firm had revenue of $358.44 million during the quarter, compared to the consensus estimate of $335.45 million. During the same period in the prior year, the business earned $0.14 EPS. The firm’s revenue was up 30.2% compared to the same quarter last year. As a group, analysts anticipate that Paymentus Holdings, Inc. will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PAY. Weiss Ratings downgraded Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wedbush lifted their target price on shares of Paymentus from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Raymond James Financial reiterated a “strong-buy” rating and issued a $36.00 price target on shares of Paymentus in a research report on Friday, March 6th. Finally, Robert W. Baird upped their price target on shares of Paymentus from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Paymentus presently has a consensus rating of “Moderate Buy” and an average target price of $35.20.

Check Out Our Latest Research Report on PAY

Paymentus Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Paymentus (NYSE:PAY)

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