Barclays PLC Has $588,000 Holdings in Paymentus Holdings, Inc. (NYSE:PAY)

Barclays PLC grew its holdings in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 256.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,012 shares of the business services provider's stock after purchasing an additional 12,954 shares during the period. Barclays PLC's holdings in Paymentus were worth $588,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PAY. Vanguard Group Inc. boosted its stake in Paymentus by 17.9% during the 4th quarter. Vanguard Group Inc. now owns 1,796,659 shares of the business services provider's stock valued at $58,697,000 after purchasing an additional 273,027 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Paymentus by 23.8% during the fourth quarter. JPMorgan Chase & Co. now owns 878,887 shares of the business services provider's stock valued at $28,713,000 after buying an additional 169,237 shares in the last quarter. Invesco Ltd. grew its holdings in Paymentus by 246.2% during the fourth quarter. Invesco Ltd. now owns 579,459 shares of the business services provider's stock worth $18,931,000 after acquiring an additional 412,095 shares during the period. Geode Capital Management LLC raised its position in Paymentus by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 222,760 shares of the business services provider's stock worth $7,281,000 after acquiring an additional 16,620 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Paymentus by 159.9% in the fourth quarter. Renaissance Technologies LLC now owns 221,200 shares of the business services provider's stock worth $7,227,000 after acquiring an additional 136,100 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Paymentus

In other news, Director William Ingram sold 11,409 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $38.01, for a total transaction of $433,656.09. Following the completion of the transaction, the director now owns 73,963 shares of the company's stock, valued at approximately $2,811,333.63. This represents a 13.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Andrew A. Gerber sold 3,070 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $31.98, for a total value of $98,178.60. Following the completion of the transaction, the general counsel now directly owns 94,855 shares of the company's stock, valued at approximately $3,033,462.90. This trade represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,273 shares of company stock worth $1,037,085 in the last ninety days. 75.43% of the stock is currently owned by insiders.

Paymentus Stock Up 0.1%

Shares of PAY stock traded up $0.03 during trading hours on Wednesday, reaching $38.20. 102,303 shares of the company's stock were exchanged, compared to its average volume of 466,528. Paymentus Holdings, Inc. has a fifty-two week low of $16.94 and a fifty-two week high of $38.94. The stock has a market capitalization of $4.77 billion, a P/E ratio of 123.03 and a beta of 1.61. The business has a fifty day moving average price of $29.48 and a 200-day moving average price of $30.84.

Analyst Ratings Changes

PAY has been the topic of several recent research reports. The Goldman Sachs Group lifted their price objective on shares of Paymentus from $28.00 to $34.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. StockNews.com upgraded Paymentus from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. Wedbush set a $40.00 target price on Paymentus and gave the company an "outperform" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. increased their price target on shares of Paymentus from $29.00 to $35.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company increased their price objective on Paymentus from $30.00 to $35.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.00.

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.