KLP Kapitalforvaltning AS Raises Position in Paymentus Holdings, Inc. $PAY

KLP Kapitalforvaltning AS increased its holdings in Paymentus Holdings, Inc. (NYSE:PAY) by 35.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,700 shares of the business services provider’s stock after buying an additional 1,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in Paymentus were worth $187,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in Paymentus by 103.6% during the first quarter. SG Americas Securities LLC now owns 14,077 shares of the business services provider’s stock valued at $367,000 after purchasing an additional 7,163 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new stake in Paymentus during the first quarter valued at about $282,000. Bessemer Group Inc. purchased a new stake in Paymentus during the first quarter valued at about $108,000. Mirae Asset Global Investments Co. Ltd. raised its position in Paymentus by 2,763.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,062 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Lisanti Capital Growth LLC purchased a new stake in Paymentus during the first quarter valued at about $3,423,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wolfe Research upgraded Paymentus from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, July 22nd. Wall Street Zen upgraded Paymentus from a “hold” rating to a “buy” rating in a report on Saturday, July 5th. Raymond James Financial set a $38.00 price objective on Paymentus and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Paymentus in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Paymentus has an average rating of “Hold” and an average price target of $37.00.

Paymentus Trading Up 0.3%

PAY opened at $29.43 on Tuesday. The company has a market cap of $3.69 billion, a P/E ratio of 68.44 and a beta of 1.51. The business’s 50-day moving average price is $34.16 and its 200-day moving average price is $33.12. Paymentus Holdings, Inc. has a 12 month low of $22.65 and a 12 month high of $40.43.

Paymentus (NYSE:PAY) last released its quarterly earnings data on Monday, August 4th. The business services provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. Paymentus had a return on equity of 12.63% and a net margin of 5.37%.The firm had revenue of $280.08 million for the quarter, compared to the consensus estimate of $262.78 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The company’s quarterly revenue was up 41.9% on a year-over-year basis. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts forecast 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.