AlphaQuest LLC Acquires 6,100 Shares of Paymentus Holdings, Inc. $PAY

AlphaQuest LLC boosted its holdings in shares of Paymentus Holdings, Inc. (NYSE:PAY) by 399.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,627 shares of the business services provider’s stock after purchasing an additional 6,100 shares during the quarter. AlphaQuest LLC’s holdings in Paymentus were worth $250,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PAY. Summit Securities Group LLC purchased a new stake in Paymentus during the 1st quarter valued at approximately $47,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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 worth $54,000 after acquiring an additional 1,990 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Paymentus by 23.9% during the first quarter. Advisors Asset Management Inc. now owns 3,450 shares of the business services provider’s stock worth $90,000 after acquiring an additional 665 shares during the last quarter. KLP Kapitalforvaltning AS grew its stake in Paymentus by 35.7% during the second quarter. KLP Kapitalforvaltning AS now owns 5,700 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Paymentus by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,202 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 823 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Paymentus Price Performance

Shares of NYSE PAY opened at $28.54 on Friday. Paymentus Holdings, Inc. has a 1-year low of $22.65 and a 1-year high of $40.43. The business’s 50 day moving average is $32.88 and its two-hundred day moving average is $33.34. The stock has a market capitalization of $3.57 billion, a P/E ratio of 66.36 and a beta of 1.51.

Paymentus (NYSE:PAY) last announced its earnings results on Monday, August 4th. The business services provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $262.78 million. During the same quarter in the previous year, the business earned $0.12 EPS. 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. As a group, equities research analysts anticipate that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on PAY. Wolfe Research raised shares of Paymentus from a “peer perform” rating to an “outperform” rating in a report on Tuesday, July 22nd. Wall Street Zen cut Paymentus from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Paymentus in a research note on Wednesday, October 8th. Finally, Raymond James Financial set a $38.00 price target on Paymentus and gave the company an “outperform” rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Paymentus has a consensus rating of “Hold” and a consensus price target of $37.00.

Paymentus 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.