Pictet Asset Management Holding SA Sells 24,592 Shares of Paymentus Holdings, Inc. $PAY

Posted by George Bondi on Jul 14th, 2026

Pictet Asset Management Holding SA lessened its holdings in shares of Paymentus Holdings, Inc. (NYSE:PAY – Free Report) by 74.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,227 shares of the business services provider’s stock after selling 24,592 shares during the period. Pictet Asset Management Holding SA’s holdings in Paymentus were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PAY. Cannon Global Investment Management LLC acquired a new stake in shares of Paymentus in the first quarter valued at $257,000. OP Asset Management Ltd acquired a new position in Paymentus during the 1st quarter worth about $215,000. Vident Advisory LLC lifted its position in Paymentus by 20.5% during the 4th quarter. Vident Advisory LLC now owns 135,602 shares of the business services provider’s stock worth $4,284,000 after buying an additional 23,054 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Paymentus during the 4th quarter worth about $60,452,000. Finally, XTX Topco Ltd grew its holdings in Paymentus by 417.7% during the 4th quarter. XTX Topco Ltd now owns 42,164 shares of the business services provider’s stock worth $1,332,000 after acquiring an additional 34,019 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Paymentus Price Performance

Shares of NYSE:PAY opened at $28.88 on Tuesday. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 50.67 and a beta of 1.31. The company has a 50 day moving average of $23.94 and a 200-day moving average of $25.79. Paymentus Holdings, Inc. has a one year low of $20.11 and a one year high of $39.38.

Paymentus (NYSE:PAY – Get Free Report) last announced its quarterly earnings data 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. Paymentus had a net margin of 5.78% and a return on equity of 13.75%. The business had revenue of $358.44 million for the quarter, compared to analyst estimates of $335.45 million. During the same period in the prior year, the business posted $0.14 earnings per share. Paymentus’s revenue was up 30.2% compared to the same quarter last year. Equities research analysts anticipate that Paymentus Holdings, Inc. will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wedbush boosted their target price on shares of Paymentus from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Robert W. Baird increased their price target 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, Weiss Ratings cut shares of Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. One investment 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. According to MarketBeat, Paymentus presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

View Our Latest Stock Report on PAY

Paymentus Company 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.