Counterpoint Mutual Funds LLC Takes Position in Paymentus Holdings, Inc. $PAY

Key Points

• Counterpoint Mutual Funds LLC acquired 20,795 shares of Paymentus Holdings, Inc. during the 2nd quarter, valued at approximately $681,000.
• Paymentus recently received several upgrades from analysts, with a consensus rating of "Moderate Buy" and a price target of $37.00.
• For the latest quarter, Paymentus reported an EPS of $0.15, beating estimates, with revenue of $280.08 million, up 41.9% from the previous year.

Counterpoint Mutual Funds LLC acquired a new stake in Paymentus Holdings, Inc. (NYSE:PAY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 20,795 shares of the business services provider's stock, valued at approximately $681,000.

Several other hedge funds have also bought and sold shares of PAY. Bank of America Corp DE lifted its stake in Paymentus by 83.9% in the 4th quarter. Bank of America Corp DE now owns 14,096 shares of the business services provider's stock valued at $461,000 after purchasing an additional 6,429 shares during the last quarter. Cetera Investment Advisers lifted its position in Paymentus by 7.1% during the fourth quarter. Cetera Investment Advisers now owns 13,296 shares of the business services provider's stock worth $434,000 after acquiring an additional 883 shares during the last quarter. Deutsche Bank AG acquired a new stake in Paymentus during the fourth quarter worth approximately $73,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Paymentus by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,612 shares of the business services provider's stock worth $510,000 after acquiring an additional 484 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in Paymentus by 28.1% during the fourth quarter. Two Sigma Investments LP now owns 92,918 shares of the business services provider's stock worth $3,036,000 after acquiring an additional 20,410 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on PAY shares. Wall Street Zen upgraded shares of Paymentus from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Wolfe Research upgraded shares of Paymentus from a "peer perform" rating to an "outperform" rating in a research report on Tuesday, July 22nd. Robert W. Baird raised their price objective on shares of Paymentus from $36.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, Raymond James Financial set a $38.00 price objective on shares of Paymentus and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Paymentus presently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

Paymentus Stock Performance

NYSE PAY opened at $33.93 on Tuesday. The firm's fifty day moving average price is $33.86 and its two-hundred day moving average price is $32.65. The stock has a market cap of $4.25 billion, a PE ratio of 78.91 and a beta of 1.57. Paymentus Holdings, Inc. has a fifty-two week low of $19.53 and a fifty-two week high of $40.43.

Paymentus (NYSE:PAY - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $262.78 million. Paymentus had a net margin of 5.37% and a return on equity of 12.63%. Paymentus's revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts predict that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current fiscal year.

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.

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