121,173 Shares in Paymentus Holdings, Inc. $PAY Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new stake in Paymentus Holdings, Inc. (NYSE:PAY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 121,173 shares of the business services provider’s stock, valued at approximately $3,708,000. Lisanti Capital Growth LLC owned approximately 0.10% of Paymentus as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its stake in Paymentus by 26.8% in the 1st quarter. Royal Bank of Canada now owns 183,144 shares of the business services provider’s stock valued at $4,780,000 after buying an additional 38,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Paymentus by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,295 shares of the business services provider’s stock valued at $425,000 after acquiring an additional 683 shares in the last quarter. Millennium Management LLC lifted its position in shares of Paymentus by 4.2% in the first quarter. Millennium Management LLC now owns 243,860 shares of the business services provider’s stock valued at $6,365,000 after acquiring an additional 9,890 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Paymentus by 275.8% during the first quarter. Goldman Sachs Group Inc. now owns 571,917 shares of the business services provider’s stock valued at $14,927,000 after acquiring an additional 419,736 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Paymentus during the 2nd quarter worth about $2,260,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Paymentus Trading Down 2.8%

PAY opened at $26.72 on Friday. Paymentus Holdings, Inc. has a twelve month low of $22.65 and a twelve month high of $40.43. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 58.09 and a beta of 1.49. The company has a fifty day simple moving average of $31.30 and a 200 day simple moving average of $32.49.

Analyst Upgrades and Downgrades

PAY has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Paymentus in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on Paymentus from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Finally, Wall Street Zen downgraded Paymentus from a “buy” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.50.

Paymentus Company Profile

Paymentus is a U.S.-based financial technology company that specializes in cloud-native bill payment and presentment solutions. Its platform enables businesses and government entities to manage the entire payment lifecycle, from electronic bill presentment and real-time payment processing to reconciliation and reporting. Through web portals, mobile applications, interactive voice response (IVR) systems and in-person channels, Paymentus helps clients streamline accounts receivable operations, enhance customer engagement and reduce operational costs.

Founded in 2004 and headquartered in Wilmington, Delaware, Paymentus has built a modular suite of services that can be tailored to the needs of various industries.