Paymentus (PAY) Projected to Post Quarterly Earnings on Monday

Paymentus (NYSE:PAY) is expected to be announcing its Q2 2025 earnings results after the market closes on Monday, August 4th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $262.78 million for the quarter.

Paymentus Stock Up 1.5%

Shares of Paymentus stock opened at $28.29 on Friday. Paymentus has a 12 month low of $17.70 and a 12 month high of $40.43. The stock has a market cap of $3.54 billion, a PE ratio of 72.54 and a beta of 1.55. The business has a fifty day simple moving average of $32.48 and a 200 day simple moving average of $31.15.

Insider Buying and Selling at Paymentus

In other news, Director William Ingram sold 11,409 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $38.01, for a total transaction of $433,656.09. Following the completion of the transaction, the director directly owned 73,963 shares of the company’s stock, valued at $2,811,333.63. This represents a 13.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 75.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Paymentus by 275.8% during the first quarter. Goldman Sachs Group Inc. now owns 571,917 shares of the business services provider’s stock worth $14,927,000 after buying an additional 419,736 shares during the period. Millennium Management LLC raised its holdings in Paymentus by 4.2% during the first quarter. Millennium Management LLC now owns 243,860 shares of the business services provider’s stock worth $6,365,000 after acquiring an additional 9,890 shares in the last quarter. Royal Bank of Canada raised its holdings in Paymentus by 26.8% during the first quarter. Royal Bank of Canada now owns 183,144 shares of the business services provider’s stock worth $4,780,000 after acquiring an additional 38,731 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Paymentus by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,295 shares of the business services provider’s stock worth $425,000 after acquiring an additional 683 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on PAY shares. Wall Street Zen raised Paymentus from a “hold” rating to a “buy” rating in a research note on Saturday, July 5th. The Goldman Sachs Group boosted their target price on Paymentus from $28.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Wedbush set a $40.00 target price on Paymentus and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Robert W. Baird boosted their target price on Paymentus from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. boosted their target price on Paymentus from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Paymentus Company Profile

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.