Paya Holdings Inc. (NASDAQ:PAYA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Paya Holdings Inc. (NASDAQ:PAYAGet Rating) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $10.13.

A number of research analysts have recently commented on PAYA shares. TheStreet upgraded Paya from a “d+” rating to a “c” rating in a report on Friday, November 4th. Northland Securities increased their price objective on Paya from $9.00 to $10.00 in a report on Monday, November 7th. Credit Suisse Group increased their price objective on Paya from $8.00 to $9.00 and gave the company an “outperform” rating in a report on Monday, November 7th. Raymond James increased their price objective on Paya from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, November 7th. Finally, Morgan Stanley raised their price target on Paya from $5.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, August 8th.

Paya Price Performance

PAYA stock opened at $8.56 on Wednesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of 142.69 and a beta of 0.17. The business’s 50-day moving average is $6.80 and its two-hundred day moving average is $6.45. Paya has a 1 year low of $4.51 and a 1 year high of $9.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PAYA. Neuberger Berman Group LLC lifted its holdings in shares of Paya by 61.7% in the 1st quarter. Neuberger Berman Group LLC now owns 6,802,657 shares of the company’s stock valued at $39,862,000 after buying an additional 2,596,893 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Paya by 21.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,801,442 shares of the company’s stock worth $57,436,000 after purchasing an additional 1,709,303 shares during the last quarter. Wellington Management Group LLP raised its holdings in Paya by 95.6% during the first quarter. Wellington Management Group LLP now owns 2,137,968 shares of the company’s stock worth $12,430,000 after purchasing an additional 1,045,142 shares during the last quarter. Atairos Group Inc. acquired a new position in Paya during the first quarter worth $6,040,000. Finally, Bank of New York Mellon Corp raised its holdings in Paya by 13.2% during the third quarter. Bank of New York Mellon Corp now owns 5,420,722 shares of the company’s stock worth $33,120,000 after purchasing an additional 633,454 shares during the last quarter. 96.83% of the stock is currently owned by hedge funds and other institutional investors.

Paya Company Profile

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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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Analyst Recommendations for Paya (NASDAQ:PAYA)

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