Paymentus Holdings, Inc. (NYSE:PAY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Paymentus Holdings, Inc. (NYSE:PAYGet Free Report) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.00.

PAY has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on shares of Paymentus from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Raymond James lowered shares of Paymentus from an “outperform” rating to a “market perform” rating in a report on Thursday, March 14th. Wells Fargo & Company began coverage on shares of Paymentus in a research note on Wednesday, January 17th. They issued an “equal weight” rating and a $17.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Paymentus from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Finally, TheStreet cut shares of Paymentus from a “c-” rating to a “d+” rating in a research note on Thursday, February 15th.

View Our Latest Stock Report on PAY

Paymentus Stock Up 1.2 %

NYSE PAY opened at $22.75 on Monday. The company’s 50 day moving average is $18.32 and its 200-day moving average is $17.10. The firm has a market cap of $2.82 billion, a P/E ratio of 126.39 and a beta of 1.51. Paymentus has a 12-month low of $7.76 and a 12-month high of $25.21.

Paymentus (NYSE:PAYGet Free Report) last posted its earnings results on Monday, March 4th. The business services provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $164.80 million for the quarter, compared to analyst estimates of $157.38 million. Paymentus had a net margin of 3.63% and a return on equity of 7.42%. Paymentus’s revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 EPS. Equities analysts expect that Paymentus will post 0.35 EPS for the current year.

Institutional Investors Weigh In On Paymentus

A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Paymentus by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 155,356 shares of the business services provider’s stock valued at $1,376,000 after purchasing an additional 1,126 shares in the last quarter. Swiss National Bank boosted its stake in shares of Paymentus by 3.9% in the 3rd quarter. Swiss National Bank now owns 37,500 shares of the business services provider’s stock valued at $622,000 after purchasing an additional 1,400 shares in the last quarter. American Trust boosted its stake in shares of Paymentus by 13.6% in the 4th quarter. American Trust now owns 13,741 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 1,641 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in Paymentus during the 1st quarter valued at $36,000. Finally, UBS Group AG boosted its position in Paymentus by 41.6% during the 1st quarter. UBS Group AG now owns 6,143 shares of the business services provider’s stock valued at $129,000 after buying an additional 1,805 shares during the period. Hedge funds and other institutional investors own 12.55% of the company’s stock.

Paymentus Company Profile

(Get Free Report

Paymentus Holdings, Inc provides cloud-based bill payment technology and solutions in the United States and internationally. The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service technology platform.

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Analyst Recommendations for Paymentus (NYSE:PAY)

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