Paymentus (NYSE:PAY) Given New $32.00 Price Target at Wedbush

Paymentus (NYSE:PAY) had its price target reduced by Wedbush from $40.00 to $32.00 in a report released on Tuesday, Marketbeat.com reports. Wedbush currently has an outperform rating on the business services provider’s stock.

Other research analysts also recently issued reports about the company. Wall Street Zen upgraded Paymentus from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. 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 report on Thursday, December 4th. Raymond James Financial upgraded Paymentus from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Friday. The Goldman Sachs Group decreased their price objective on Paymentus from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Paymentus in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $35.33.

Paymentus Price Performance

Shares of PAY stock opened at $24.73 on Tuesday. The company has a market capitalization of $3.10 billion, a P/E ratio of 47.56 and a beta of 1.49. The company’s 50-day simple moving average is $28.11 and its two-hundred day simple moving average is $31.89. Paymentus has a one year low of $22.02 and a one year high of $40.43.

Institutional Investors Weigh In On Paymentus

A number of institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP raised its holdings in Paymentus by 82.2% in the fourth quarter. Wasatch Advisors LP now owns 8,553,165 shares of the business services provider’s stock worth $270,194,000 after purchasing an additional 3,859,056 shares in the last quarter. Capital International Investors grew its position in shares of Paymentus by 6.6% in the 4th quarter. Capital International Investors now owns 7,655,433 shares of the business services provider’s stock worth $241,835,000 after buying an additional 474,780 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Paymentus by 20.7% in the 4th quarter. Vanguard Group Inc. now owns 4,391,890 shares of the business services provider’s stock worth $138,740,000 after buying an additional 753,281 shares during the last quarter. Invesco Ltd. raised its stake in shares of Paymentus by 115.8% during the 3rd quarter. Invesco Ltd. now owns 3,788,090 shares of the business services provider’s stock worth $115,916,000 after acquiring an additional 2,032,819 shares in the last quarter. Finally, Capital World Investors lifted its position in Paymentus by 4.4% during the fourth quarter. Capital World Investors now owns 2,499,583 shares of the business services provider’s stock valued at $78,962,000 after acquiring an additional 105,970 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

More Paymentus News

Here are the key news stories impacting Paymentus this week:

• Positive Sentiment: Q4 results beat expectations — Paymentus reported $0.20 EPS (vs. $0.18 consensus) and revenue of $330.46M, up ~28% year-over-year, signaling continued growth and improved profitability. This is the core bullish driver underpinning investor interest. Read More.
• Positive Sentiment: Company reiterated FY‑2026 ambition — Management guided FY revenue around $1.4B (up to $1.41B in commentary) and emphasized expanding its enterprise footprint and margin targets, which supports a constructive medium‑term growth narrative. Read More.
• Neutral Sentiment: Guidance largely in line with Street — Q1 revenue guidance of $330M–$340M sits around the consensus (~$331.6M) and FY guidance (~$1.4B) broadly matches expectations, making the release more a re‑set of near‑term cadence than a large upward revision. View slides/transcript for detail. Read More.
• Negative Sentiment: Market initially sold off on perceived weak guidance — despite the beat, several outlets and market actors flagged the guidance as tepid, prompting an early drop in the stock as investors weighed near‑term growth momentum vs. expectations. Read More.
• Negative Sentiment: Analyst price target cut — Wedbush trimmed its price target from $40 to $32 while keeping an Outperform rating, signaling reduced near‑term upside in some analysts’ models and tempering sentiment. Read More.

About Paymentus

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.