Paymentus Holdings, Inc. (NYSE:PAY) Receives $37.00 Average PT from Brokerages

Shares of Paymentus Holdings, Inc. (NYSE:PAY) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.00.

A number of research analysts have issued reports on PAY shares. Raymond James Financial set a $38.00 target price on shares of Paymentus and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Wolfe Research raised Paymentus from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, July 22nd. Wall Street Zen raised Paymentus from a “hold” rating to a “buy” rating in a research note on Saturday, July 5th. Finally, Robert W. Baird raised their target price on Paymentus from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th.

Paymentus Price Performance

PAY stock opened at $35.16 on Monday. The company has a 50 day moving average price of $33.33 and a 200 day moving average price of $32.19. Paymentus has a fifty-two week low of $19.53 and a fifty-two week high of $40.43. The stock has a market capitalization of $4.40 billion, a PE ratio of 81.78 and a beta of 1.58.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC increased its stake in Paymentus by 56.2% in the second quarter. Squarepoint Ops LLC now owns 73,829 shares of the business services provider’s stock valued at $2,418,000 after purchasing an additional 26,572 shares in the last quarter. Castleark Management LLC grew its holdings in shares of Paymentus by 17.8% in the 2nd quarter. Castleark Management LLC now owns 166,830 shares of the business services provider’s stock valued at $5,464,000 after buying an additional 25,180 shares during the period. Vident Advisory LLC acquired a new position in shares of Paymentus in the 2nd quarter valued at $204,000. Wasatch Advisors LP bought a new stake in shares of Paymentus in the 2nd quarter valued at $49,582,000. Finally, Lazard Asset Management LLC increased its position in shares of Paymentus by 125,625.0% in the 2nd quarter. Lazard Asset Management LLC now owns 35,203 shares of the business services provider’s stock valued at $1,152,000 after buying an additional 35,175 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

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.