10,689 Shares in Paymentus Holdings, Inc. $PAY Acquired by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. acquired 10,689 shares of Paymentus Holdings, Inc. for approximately $279,000 in the first quarter, marking a significant investment in the business services provider.
• The company reported an EPS of $0.15 in its last earnings announcement, exceeding the consensus estimate of $0.14, and its revenue increased by 41.9% year-over-year.
• A number of brokerages have upgraded Paymentus' stock ratings recently, with analysts generally presenting a consensus rating of "Moderate Buy" and an average target price of $37.00.

Atria Wealth Solutions Inc. acquired a new stake in Paymentus Holdings, Inc. (NYSE:PAY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,689 shares of the business services provider's stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. acquired a new position in Paymentus during the 1st quarter worth approximately $108,000. Legal & General Group Plc increased its holdings in shares of Paymentus by 40.1% in the 4th quarter. Legal & General Group Plc now owns 19,052 shares of the business services provider's stock valued at $622,000 after acquiring an additional 5,452 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Paymentus by 2,763.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,062 shares of the business services provider's stock valued at $54,000 after acquiring an additional 1,990 shares during the last quarter. Bank of America Corp DE grew its stake in Paymentus by 83.9% during the 4th quarter. Bank of America Corp DE now owns 14,096 shares of the business services provider's stock worth $461,000 after buying an additional 6,429 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Paymentus by 103.6% during the 1st quarter. SG Americas Securities LLC now owns 14,077 shares of the business services provider's stock worth $367,000 after buying an additional 7,163 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Paymentus Stock Up 0.3%

Shares of PAY stock traded up $0.11 during mid-day trading on Wednesday, reaching $37.17. The stock had a trading volume of 316,457 shares, compared to its average volume of 770,159. The firm's 50 day simple moving average is $31.95 and its 200 day simple moving average is $31.55. Paymentus Holdings, Inc. has a one year low of $19.53 and a one year high of $40.43. The firm has a market cap of $4.66 billion, a PE ratio of 86.44 and a beta of 1.54.

Paymentus (NYSE:PAY - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The business services provider reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $280.08 million during the quarter, compared to the consensus estimate of $262.78 million. Paymentus had a return on equity of 12.63% and a net margin of 5.37%.The company's quarterly revenue was up 41.9% on a year-over-year basis. During the same quarter last year, the company earned $0.12 EPS. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on PAY shares. JPMorgan Chase & Co. upped their price objective on Paymentus from $29.00 to $35.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Raymond James Financial set a $38.00 price objective on Paymentus and gave the company an "outperform" rating in a report on Tuesday, August 5th. Wells Fargo & Company upped their target price on Paymentus from $30.00 to $35.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Wall Street Zen raised Paymentus from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Robert W. Baird upped their price target on Paymentus from $36.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.00.

About Paymentus

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.