Key Points
- Paymentus CFO Sanjay Kalra sold 2,909 shares at an average price of $40.25, generating $117,087.25; he retained 505,597 shares. He also sold 25,000 shares the previous day for $1.03 million.
- Paymentus reported quarterly earnings of $0.25 per share, beating estimates of $0.19, while revenue rose 28.8% year over year to $360.74 million.
- PAY opened at $40.08, near analysts’ consensus target of $38.67. The stock has a “Moderate Buy” consensus rating, with institutional investors owning 78.38% of shares.
Paymentus Holdings, Inc. (NYSE:PAY - Get Free Report) CFO Sanjay Kalra sold 2,909 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $40.25, for a total transaction of $117,087.25. Following the completion of the transaction, the chief financial officer directly owned 505,597 shares of the company's stock, valued at approximately $20,350,279.25. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Sanjay Kalra also recently made the following trade(s):
- On Tuesday, August 4th, Sanjay Kalra sold 25,000 shares of Paymentus stock. The stock was sold at an average price of $41.21, for a total transaction of $1,030,250.00.
Paymentus Price Performance
Shares of NYSE:PAY opened at $40.08 on Friday. The company's 50-day moving average price is $26.83 and its two-hundred day moving average price is $26.10. Paymentus Holdings, Inc. has a one year low of $20.11 and a one year high of $45.31. The stock has a market capitalization of $5.04 billion, a PE ratio of 60.72 and a beta of 1.29.
Paymentus (NYSE:PAY - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.06. The company had revenue of $360.74 million during the quarter, compared to analysts' expectations of $345.44 million. Paymentus had a return on equity of 15.26% and a net margin of 6.24%.Paymentus's revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. On average, analysts anticipate that Paymentus Holdings, Inc. will post 0.71 earnings per share for the current fiscal year.
Institutional Trading of Paymentus
Several hedge funds and other institutional investors have recently modified their holdings of the stock. KBC Group NV acquired a new stake in Paymentus during the 1st quarter worth approximately $41,000. Blue Trust Inc. grew its holdings 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 buying an additional 1,319 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Paymentus in the 4th quarter valued at $80,000. Orange County Employees Retirement System bought a new position in Paymentus during the 4th quarter worth $150,000. Finally, Advisors Asset Management Inc. increased its position in Paymentus by 26.0% during the 4th quarter. Advisors Asset Management Inc. now owns 5,050 shares of the business services provider's stock worth $160,000 after buying an additional 1,042 shares during the period. Institutional investors own 78.38% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Wolfe Research reiterated an "outperform" rating and set a $44.00 price objective on shares of Paymentus in a research note on Tuesday. The Goldman Sachs Group upped their price target on shares of Paymentus from $32.00 to $40.00 and gave the stock a "neutral" rating in a research report on Tuesday. Wedbush lifted their price objective on shares of Paymentus from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Tuesday, May 5th. Robert W. Baird boosted their price objective on shares of Paymentus from $34.00 to $38.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Weiss Ratings raised shares of Paymentus from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.67.
Read Our Latest Stock Analysis on PAY
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.
Further Reading
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