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NYSE:PAY

Paymentus (PAY) Stock Price, News & Analysis

$19.11
+0.04 (+0.21%)
(As of 05/28/2024 ET)
Today's Range
$18.74
$19.19
50-Day Range
$18.52
$24.13
52-Week Range
$8.86
$25.21
Volume
182,799 shs
Average Volume
293,728 shs
Market Capitalization
$2.37 billion
P/E Ratio
83.09
Dividend Yield
N/A
Price Target
$19.06

Paymentus MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
0.2% Downside
$19.06 Price Target
Short Interest
Healthy
3.42% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.33mentions of Paymentus in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$29,626 Sold Last Quarter
Proj. Earnings Growth
31.58%
From $0.38 to $0.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.31 out of 5 stars

Business Services Sector

151st out of 313 stocks

Business Services, Not Elsewhere Classified Industry

52nd out of 89 stocks

PAY stock logo

About Paymentus Stock (NYSE:PAY)

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. Its platform's payment processing includes credit cards, debit cards, eChecks, and digital wallets. It serves utility, financial service, government, insurance, telecommunication, real estate management, education, consumer finance, healthcare, and small business industries. The company was founded in 2004 and is headquartered in Charlotte, North Carolina.

PAY Stock Price History

PAY Stock News Headlines

What 5 Analyst Ratings Have To Say About Paymentus Holdings
Q1 2024 Paymentus Holdings Inc Earnings Call
Paymentus Holdings, Inc. Q1 Profit Increases, beats estimates
Expert Outlook: Paymentus Holdings Through The Eyes Of 4 Analysts
Paymentus: Robust Business With Secular Catalyst
PAY Apr 2024 20.000 call
PAY Apr 2024 7.500 put
See More Headlines
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Company Calendar

Last Earnings
5/06/2024
Today
5/28/2024
Next Earnings (Estimated)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
CUSIP
92342Y10
Fax
N/A
Employees
1,273
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.06
High Stock Price Target
$23.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-0.2%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$22.32 million
Pretax Margin
5.44%

Debt

Sales & Book Value

Annual Sales
$614.49 million
Cash Flow
$0.52 per share
Book Value
$3.47 per share

Miscellaneous

Free Float
15,199,000
Market Cap
$2.37 billion
Optionable
Optionable
Beta
1.54
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PAY Stock Analysis - Frequently Asked Questions

Should I buy or sell Paymentus stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paymentus in the last twelve months. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PAY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAY, but not buy additional shares or sell existing shares.
View PAY analyst ratings
or view top-rated stocks.

What is Paymentus' stock price target for 2024?

8 analysts have issued twelve-month target prices for Paymentus' stock. Their PAY share price targets range from $11.00 to $23.00. On average, they expect the company's share price to reach $19.06 in the next twelve months. This suggests that the stock has a possible downside of 0.2%.
View analysts price targets for PAY
or view top-rated stocks among Wall Street analysts.

How have PAY shares performed in 2024?

Paymentus' stock was trading at $17.87 at the beginning of 2024. Since then, PAY stock has increased by 6.9% and is now trading at $19.11.
View the best growth stocks for 2024 here
.

Are investors shorting Paymentus?

Paymentus saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 605,700 shares, a decline of 31.1% from the April 30th total of 878,700 shares. Based on an average daily volume of 396,900 shares, the days-to-cover ratio is currently 1.5 days. Currently, 3.4% of the shares of the stock are sold short.
View Paymentus' Short Interest
.

When is Paymentus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our PAY earnings forecast
.

How were Paymentus' earnings last quarter?

Paymentus Holdings, Inc. (NYSE:PAY) announced its earnings results on Monday, May, 6th. The business services provider reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The business services provider had revenue of $184.88 million for the quarter, compared to analyst estimates of $174.75 million. Paymentus had a trailing twelve-month return on equity of 8.74% and a net margin of 4.43%.

What guidance has Paymentus issued on next quarter's earnings?

Paymentus issued an update on its second quarter 2024 earnings guidance on Monday, May, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $178.0 million-$183.0 million, compared to the consensus revenue estimate of $178.0 million.

What other stocks do shareholders of Paymentus own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Paymentus investors own include Gilead Sciences (GILD), Twitter (TWTR), Netflix (NFLX), NIKE (NKE), Alibaba Group (BABA), First Data (FDC), Walt Disney (DIS), Alphabet (GOOG), AT&T (T) and Endo International (ENDP).

When did Paymentus IPO?

Paymentus (PAY) raised $200 million in an initial public offering on Wednesday, May 26th 2021. The company issued 10,000,000 shares at $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan, BofA Securities and Citigroup served as the underwriters for the IPO and Baird, Nomura, Raymond James, Wells Fargo Securities, Fifth Third Securities, PNC Securities, AmeriVet and C.L. King & Associates were co-managers.

Who are Paymentus' major shareholders?

Paymentus' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (1.12%), Lord Abbett & CO. LLC (0.49%), Clearbridge Investments LLC (0.28%), Essex Investment Management Co. LLC (0.17%), Quadrature Capital Ltd (0.06%) and ClariVest Asset Management LLC (0.05%). Insiders that own company stock include Andrew A Gerber, Dushyant Sharma, Gary Trainor, Gerasimos (Jerry) Portocalis, Matt Parson and Paul E Seamon.
View institutional ownership trends
.

How do I buy shares of Paymentus?

Shares of PAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PAY) was last updated on 5/28/2024 by MarketBeat.com Staff

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