Key Points
- Paymentus director Gary Trainor sold 40,000 shares at an average price of $33.12, generating $1.32 million; his remaining stake totaled 629,888 shares.
- Paymentus reported quarterly EPS of $0.21, beating estimates by $0.04, while revenue rose 30.2% year over year to $358.44 million.
- Analysts hold a “Moderate Buy” consensus with a $35.20 price target, while institutional investors own 78.38% of the company.
Paymentus Holdings, Inc. (NYSE:PAY - Get Free Report) Director Gary Trainor sold 40,000 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $33.12, for a total value of $1,324,800.00. Following the completion of the transaction, the director directly owned 629,888 shares in the company, valued at $20,861,890.56. The trade was a 5.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Paymentus Price Performance
PAY stock opened at $34.90 on Friday. The business has a fifty day moving average price of $25.30 and a 200 day moving average price of $25.78. Paymentus Holdings, Inc. has a fifty-two week low of $20.11 and a fifty-two week high of $39.38. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 61.22 and a beta of 1.31.
Paymentus (NYSE:PAY - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $358.44 million during the quarter, compared to the consensus estimate of $335.45 million. Paymentus had a return on equity of 13.75% and a net margin of 5.78%.The business's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. On average, equities analysts expect that Paymentus Holdings, Inc. will post 0.71 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
PAY has been the subject of a number of research analyst reports. Weiss Ratings cut Paymentus from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, June 11th. Wedbush increased their price objective on shares of Paymentus from $32.00 to $36.00 and gave the stock an "outperform" rating in a report on Tuesday, May 5th. Finally, Robert W. Baird cut shares of Paymentus from an "outperform" rating to a "neutral" rating and set a $34.00 price objective for the company. in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.20.
Get Our Latest Analysis on Paymentus
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of PAY. KBC Group NV acquired a new stake in shares of Paymentus in the 1st quarter valued at $41,000. Blue Trust Inc. raised its position in shares of Paymentus by 186.8% during the fourth quarter. Blue Trust Inc. now owns 2,025 shares of the business services provider's stock worth $64,000 after acquiring an additional 1,319 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Paymentus during the fourth quarter valued at $80,000. Orange County Employees Retirement System acquired a new position in shares of Paymentus during the fourth quarter valued at $150,000. Finally, Advisors Asset Management Inc. boosted its holdings in 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 acquiring an additional 1,042 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.
About Paymentus
(
Get 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.
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