Paymentus Holdings, Inc. (NYSE:PAY – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.79 and traded as high as $29.29. Paymentus shares last traded at $28.88, with a volume of 812,824 shares traded.
Analyst Ratings Changes
A number of research analysts recently commented on PAY shares. Weiss Ratings downgraded Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wedbush upped their target price on Paymentus from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, Robert W. Baird increased their target price on Paymentus from $30.00 to $34.00 and gave the company an “outperform” rating in a research note 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.20.
Get Our Latest Analysis on Paymentus
Paymentus Stock Performance
Paymentus (NYSE:PAY – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The business services provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Paymentus had a return on equity of 13.75% and a net margin of 5.78%.The business had revenue of $358.44 million during the quarter, compared to the consensus estimate of $335.45 million. During the same period in the previous year, the business earned $0.14 EPS. The business’s quarterly revenue was up 30.2% on a year-over-year basis. Equities research analysts expect that Paymentus Holdings, Inc. will post 0.65 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Raymond James Financial Inc. lifted its holdings in Paymentus by 0.7% in the second quarter. Raymond James Financial Inc. now owns 55,991 shares of the business services provider’s stock worth $1,834,000 after purchasing an additional 413 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Paymentus by 7.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 9,943 shares of the business services provider’s stock worth $253,000 after buying an additional 665 shares in the last quarter. Hamilton Lane Advisors LLC raised its position in shares of Paymentus by 7.8% during the 4th quarter. Hamilton Lane Advisors LLC now owns 9,303 shares of the business services provider’s stock worth $294,000 after buying an additional 676 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Paymentus by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,295 shares of the business services provider’s stock worth $425,000 after acquiring an additional 683 shares during the period. Finally, LVZ Inc. lifted its stake in shares of Paymentus by 5.5% in the 1st quarter. LVZ Inc. now owns 13,760 shares of the business services provider’s stock worth $350,000 after acquiring an additional 713 shares during the period. 78.38% of the stock is currently owned by institutional investors.
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.
Recommended Stories
- Five stocks we like better than Paymentus
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for Paymentus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paymentus and related companies with MarketBeat.com's FREE daily email newsletter.
