AlphaQuest LLC Has $40,000 Stock Position in Paymentus Holdings, Inc. $PAY

AlphaQuest LLC lifted its stake in Paymentus Holdings, Inc. (NYSE:PAY) by 152,600.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,527 shares of the business services provider’s stock after acquiring an additional 1,526 shares during the quarter. AlphaQuest LLC’s holdings in Paymentus were worth $40,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP grew its holdings in Paymentus by 32.7% during the first quarter. Quantbot Technologies LP now owns 36,873 shares of the business services provider’s stock worth $962,000 after purchasing an additional 9,093 shares during the period. Versor Investments LP grew its holdings in Paymentus by 29.4% during the first quarter. Versor Investments LP now owns 13,093 shares of the business services provider’s stock worth $342,000 after purchasing an additional 2,975 shares during the period. Summit Securities Group LLC bought a new position in Paymentus during the first quarter worth about $47,000. Algert Global LLC grew its holdings in Paymentus by 3.6% during the first quarter. Algert Global LLC now owns 88,750 shares of the business services provider’s stock worth $2,316,000 after purchasing an additional 3,070 shares during the period. Finally, Lord Abbett & CO. LLC grew its holdings in Paymentus by 7.7% during the first quarter. Lord Abbett & CO. LLC now owns 619,820 shares of the business services provider’s stock worth $16,177,000 after purchasing an additional 44,264 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

PAY has been the subject of a number of research analyst reports. Wolfe Research upgraded Paymentus from a “peer perform” rating to an “outperform” rating in a report on Tuesday, July 22nd. Robert W. Baird upped their target price on Paymentus from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Wall Street Zen raised Paymentus from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th. Finally, Raymond James Financial set a $38.00 target price on Paymentus and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Paymentus Trading Down 2.6%

Paymentus stock opened at $37.03 on Friday. Paymentus Holdings, Inc. has a 12 month low of $19.53 and a 12 month high of $40.43. The stock’s 50 day moving average is $33.03 and its 200-day moving average is $32.04. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 86.11 and a beta of 1.58.

Paymentus (NYSE:PAY) last issued its quarterly earnings results on Monday, August 4th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $280.08 million for the quarter, compared to the consensus estimate of $262.78 million. Paymentus had a return on equity of 12.63% and a net margin of 5.37%.The firm’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts predict that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current fiscal year.

About Paymentus

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.