Paya (NASDAQ:PAYA) Reaches New 52-Week High at $9.72

Paya Holdings Inc. (NASDAQ:PAYAGet Rating)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $9.72 and last traded at $9.70, with a volume of 11184 shares traded. The stock had previously closed at $7.79.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Cantor Fitzgerald cut Paya from an “overweight” rating to a “neutral” rating in a research note on Monday. TheStreet raised Paya from a “d+” rating to a “c” rating in a research note on Friday, November 4th. William Blair cut Paya from an “outperform” rating to a “market perform” rating in a research note on Monday. Raymond James cut Paya from an “outperform” rating to a “market perform” rating in a research note on Monday. Finally, Northland Securities cut Paya from an “outperform” rating to a “market perform” rating in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.91.

Paya Price Performance

The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $1.28 billion, a P/E ratio of 161.53 and a beta of 0.29. The company has a 50-day moving average of $8.24 and a two-hundred day moving average of $7.18.

Paya (NASDAQ:PAYAGet Rating) last released its quarterly earnings results on Friday, November 4th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Paya had a return on equity of 18.42% and a net margin of 2.60%. The company had revenue of $71.40 million for the quarter, compared to analyst estimates of $70.16 million. On average, research analysts predict that Paya Holdings Inc. will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Paya

Several hedge funds have recently added to or reduced their stakes in PAYA. Swiss National Bank boosted its holdings in Paya by 11.8% in the first quarter. Swiss National Bank now owns 171,700 shares of the company’s stock worth $1,006,000 after acquiring an additional 18,100 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Paya by 19.6% in the first quarter. JPMorgan Chase & Co. now owns 64,630 shares of the company’s stock worth $378,000 after acquiring an additional 10,583 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Paya by 58.5% in the first quarter. MetLife Investment Management LLC now owns 52,344 shares of the company’s stock worth $307,000 after acquiring an additional 19,319 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Paya in the first quarter worth $1,180,000. Finally, Vanguard Group Inc. boosted its holdings in Paya by 7.0% in the first quarter. Vanguard Group Inc. now owns 4,247,965 shares of the company’s stock worth $24,893,000 after acquiring an additional 277,185 shares in the last quarter. 96.16% of the stock is owned by 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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