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 cut its stake in Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 84.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAY. Park Square Financial Group LLC acquired a new position in Paymentus in the 4th quarter worth $32,000. AlphaQuest LLC boosted its stake in Paymentus by 152,600.0% in the 1st quarter. AlphaQuest LLC now owns 1,527 shares of the business services provider's stock worth $40,000 after purchasing an additional 1,526 shares during the period. Summit Securities Group LLC acquired a new position in Paymentus in the 1st quarter worth $47,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 worth $54,000 after purchasing an additional 1,990 shares during the period. Finally, Deutsche Bank AG acquired a new position in Paymentus in the 4th quarter worth $73,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Paymentus Stock Down 0.3%

Shares of PAY stock traded down $0.09 on Friday, reaching $32.81. The stock had a trading volume of 1,016,924 shares, compared to its average volume of 770,090. The firm's 50-day moving average is $33.37 and its two-hundred day moving average is $32.26. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 76.31 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 issued its earnings results on Monday, August 4th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $280.08 million for the quarter, compared to analysts' expectations of $262.78 million. Paymentus had a net margin of 5.37% and a return on equity of 12.63%. Paymentus's quarterly revenue was up 41.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts forecast that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PAY has been the subject of a number of research analyst reports. Raymond James Financial set a $38.00 target price on shares of Paymentus and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Robert W. Baird upped their target price 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 report on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of Paymentus from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

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.