Paymentus (NYSE:PAY) Announces Quarterly Earnings Results

Key Points

• Paymentus exceeded quarterly expectations, reporting EPS of $0.25 versus the $0.21 consensus estimate and revenue of $372.18 million compared with $358.87 million expected.
• Shares rose 6.9% to $35.08 following the results. The stock has a market capitalization of $4.42 billion and trades at a price-to-earnings ratio of 53.15.
• Analyst sentiment remains favorable but mixed, with Paymentus carrying a consensus “Moderate Buy” rating and an average price target of $38.86; insiders sold 107,909 shares worth $4.41 million over the past three months.

Paymentus (NYSE:PAY - Get Free Report) posted its quarterly earnings data on Monday. The business services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.04, FiscalAI reports. Paymentus had a net margin of 6.24% and a return on equity of 15.26%. The firm had revenue of $372.18 million during the quarter, compared to the consensus estimate of $358.87 million.

Paymentus Trading Up 6.9%

NYSE PAY traded up $2.26 on Monday, hitting $35.08. 1,885,028 shares of the company's stock were exchanged, compared to its average volume of 907,274. The stock has a 50-day moving average of $33.73 and a 200-day moving average of $28.81. Paymentus has a 52 week low of $20.11 and a 52 week high of $45.31. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 53.15 and a beta of 1.34.

Analyst Upgrades and Downgrades

PAY has been the topic of a number of analyst reports. Weiss Ratings downgraded Paymentus from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. The Goldman Sachs Group lifted their price objective on Paymentus from $32.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, August 4th. Wolfe Research downgraded Paymentus from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, August 25th. Yorkville Ives initiated coverage on Paymentus in a research report on Tuesday, October 6th. They set an "outperform" rating and a $40.00 target price for the company. Finally, Freedom Broker raised Paymentus to a "strong-buy" rating in a report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Paymentus presently has an average rating of "Moderate Buy" and a consensus price target of $38.86.

Insiders Place Their Bets

In related news, CFO Sanjay Kalra sold 25,000 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $41.21, for a total transaction of $1,030,250.00. Following the completion of the sale, the chief financial officer directly owned 508,506 shares in the company, valued at $20,955,532.26. This represents a 4.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Trainor sold 80,000 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $40.79, for a total value of $3,263,200.00. Following the completion of the sale, the director directly owned 509,888 shares in the company, valued at $20,798,331.52. This trade represents a 13.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 107,909 shares of company stock valued at $4,410,537 in the last three months. 55.75% of the stock is owned by insiders.

About Paymentus

Paymentus Holdings, Inc is a technology company that provides cloud-based bill payment and electronic billing solutions. Its platform enables organizations to present bills, collect payments and communicate with customers through digital channels, including web and mobile applications, text messaging, interactive voice response, payment kiosks and customer service representatives.

The company primarily serves billers in industries such as utilities, financial services, government, telecommunications, insurance and other recurring-payment sectors.

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