Brokerages Expect Paya Holdings Inc. (NASDAQ:PAYA) Will Post Quarterly Sales of $69.95 Million

Wall Street analysts expect that Paya Holdings Inc. (NASDAQ:PAYAGet Rating) will report sales of $69.95 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Paya’s earnings, with the highest sales estimate coming in at $70.56 million and the lowest estimate coming in at $68.40 million. Paya reported sales of $63.90 million in the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Paya will report full year sales of $279.61 million for the current year, with estimates ranging from $278.10 million to $280.80 million. For the next financial year, analysts expect that the business will post sales of $314.85 million, with estimates ranging from $307.20 million to $330.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Paya.

Paya (NASDAQ:PAYAGet Rating) last announced its quarterly earnings data on Tuesday, March 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $67.10 million for the quarter, compared to analyst estimates of $63.75 million.

A number of brokerages have issued reports on PAYA. Credit Suisse Group reduced their price objective on shares of Paya from $11.00 to $8.50 and set an “outperform” rating for the company in a research report on Wednesday, March 2nd. Raymond James reduced their price objective on shares of Paya from $11.00 to $8.00 and set an “outperform” rating for the company in a research report on Wednesday, March 2nd. William Blair reaffirmed an “outperform” rating on shares of Paya in a research report on Tuesday, March 1st. Morgan Stanley reduced their price objective on shares of Paya from $6.50 to $5.50 and set an “equal weight” rating for the company in a research report on Wednesday, March 2nd. Finally, Canaccord Genuity Group reduced their target price on shares of Paya from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, March 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $10.28.

PAYA opened at $6.12 on Friday. Paya has a fifty-two week low of $4.51 and a fifty-two week high of $11.99. The firm has a market capitalization of $808.25 million, a PE ratio of 17.69 and a beta of 0.01. The company’s 50-day moving average is $5.49 and its 200 day moving average is $6.08.

Several institutional investors have recently bought and sold shares of PAYA. Bank of America Corp DE raised its position in shares of Paya by 131.2% during the 2nd quarter. Bank of America Corp DE now owns 90,725 shares of the company’s stock valued at $999,000 after buying an additional 51,488 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Paya by 31.2% during the 3rd quarter. Principal Financial Group Inc. now owns 17,245 shares of the company’s stock valued at $187,000 after buying an additional 4,100 shares in the last quarter. BlackRock Inc. raised its position in shares of Paya by 4.2% during the 3rd quarter. BlackRock Inc. now owns 7,847,884 shares of the company’s stock valued at $85,304,000 after buying an additional 315,193 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Paya during the 3rd quarter valued at $122,000. Finally, Alliancebernstein L.P. purchased a new position in Paya in the 3rd quarter worth $709,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

About Paya (Get Rating)

Paya Holdings Inc, through its subsidiaries, operates as an independent integrated payments platform. It operates through two segments, Integrated Solutions and Payment Services. The company processes payments through credit and debit card, automated clearing house, and check payments. It serves customers through distribution partners with focus on targeted verticals, such as B2B goods and services, healthcare, faith-based and non-profit, government and utilities, and education markets.

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