Cubist Systematic Strategies LLC Sells 165,490 Shares of Paymentus Holdings, Inc. $PAY

Key Points

• Cubist Systematic Strategies LLC significantly reduced its stake in Paymentus Holdings, selling 165,490 shares and leaving it with 31,354 shares valued at $818,000 after an 84.1% decrease in ownership.
• Paymentus reported earnings per share of $0.15 in its latest quarterly results, surpassing analysts' expectations, with revenue increasing by 41.9% year-over-year.
• Analysts have generally rated Paymentus positively, with a consensus rating of "Moderate Buy" and an average target price of $37.00.

Cubist Systematic Strategies LLC trimmed its stake in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 84.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,354 shares of the business services provider's stock after selling 165,490 shares during the period. Cubist Systematic Strategies LLC's holdings in Paymentus were worth $818,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Paymentus by 30.7% during the first quarter. Vanguard Group Inc. now owns 2,347,870 shares of the business services provider's stock valued at $61,279,000 after acquiring an additional 551,211 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Paymentus by 152.3% during the first quarter. Driehaus Capital Management LLC now owns 1,897,552 shares of the business services provider's stock valued at $49,526,000 after acquiring an additional 1,145,557 shares in the last quarter. Next Century Growth Investors LLC grew its stake in Paymentus by 5.4% during the first quarter. Next Century Growth Investors LLC now owns 1,356,980 shares of the business services provider's stock valued at $35,417,000 after acquiring an additional 69,156 shares in the last quarter. Invesco Ltd. grew its stake in Paymentus by 81.5% during the first quarter. Invesco Ltd. now owns 1,051,664 shares of the business services provider's stock valued at $27,448,000 after acquiring an additional 472,205 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in Paymentus by 63,516.9% during the first quarter. TimesSquare Capital Management LLC now owns 675,612 shares of the business services provider's stock valued at $17,633,000 after acquiring an additional 674,550 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Paymentus Price Performance

Shares of Paymentus stock traded down $0.67 during trading on Monday, hitting $32.10. The stock had a trading volume of 963,486 shares, compared to its average volume of 796,794. The firm's fifty day simple moving average is $33.40 and its 200-day simple moving average is $32.37. The stock has a market cap of $4.02 billion, a PE ratio of 74.64 and a beta of 1.58. Paymentus Holdings, Inc. has a 12 month low of $19.53 and a 12 month high of $40.43.

Paymentus (NYSE:PAY - Get Free Report) last released its earnings results on Monday, August 4th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $280.08 million during 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%. The business's revenue was up 41.9% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current fiscal year.

Paymentus 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.