Paymentus (NYSE:PAY) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Paymentus (NYSE:PAY) from a buy rating to a hold rating in a research note released on Saturday.

Other research analysts also recently issued research reports about the company. Wolfe Research upgraded Paymentus from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Paymentus in a research note on Wednesday, October 8th. Finally, Raymond James Financial set a $38.00 target price on Paymentus and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.00.

Paymentus Stock Up 0.5%

NYSE:PAY opened at $31.34 on Friday. The stock’s 50 day moving average price is $33.54 and its 200 day moving average price is $33.30. The company has a market capitalization of $3.93 billion, a PE ratio of 72.89 and a beta of 1.51. Paymentus has a 52-week low of $22.65 and a 52-week high of $40.43.

Paymentus (NYSE:PAY) last released 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 firm 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 last year, the business posted $0.12 EPS. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Paymentus will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. AlphaQuest LLC grew its stake in shares of Paymentus by 152,600.0% in the 1st quarter. AlphaQuest LLC now owns 1,527 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 1,526 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Paymentus in the first quarter valued at approximately $47,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Paymentus by 2,763.9% in 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 buying an additional 1,990 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Paymentus by 23.9% in the first quarter. Advisors Asset Management Inc. now owns 3,450 shares of the business services provider’s stock valued at $90,000 after buying an additional 665 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of Paymentus in the first quarter valued at approximately $108,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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.