D. E. Shaw & Co. Inc. Has $333,000 Stake in Paymentus Holdings, Inc. (NYSE:PAY)

D. E. Shaw & Co. Inc. lessened its position in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 74.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,200 shares of the business services provider's stock after selling 29,607 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Paymentus were worth $333,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PAY. Cetera Investment Advisers lifted its holdings in shares of Paymentus by 7.1% in the 4th quarter. Cetera Investment Advisers now owns 13,296 shares of the business services provider's stock worth $434,000 after purchasing an additional 883 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Paymentus by 2.7% in the 4th quarter. Swiss National Bank now owns 37,400 shares of the business services provider's stock worth $1,222,000 after purchasing an additional 1,000 shares during the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Paymentus in the 4th quarter worth approximately $35,000. R Squared Ltd bought a new stake in shares of Paymentus in the 4th quarter worth approximately $43,000. Finally, Centiva Capital LP lifted its holdings in shares of Paymentus by 19.4% in the 4th quarter. Centiva Capital LP now owns 18,218 shares of the business services provider's stock worth $595,000 after purchasing an additional 2,964 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

Insider Buying and Selling

In other Paymentus news, Director William Ingram sold 11,409 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $38.01, for a total transaction of $433,656.09. Following the completion of the sale, the director now directly owns 73,963 shares in the company, valued at approximately $2,811,333.63. This trade represents a 13.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 75.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PAY has been the topic of several analyst reports. Wedbush set a $40.00 target price on Paymentus and gave the company an "outperform" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group raised their target price on Paymentus from $28.00 to $34.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Wells Fargo & Company raised their target price on Paymentus from $30.00 to $35.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on Paymentus from $29.00 to $35.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen upgraded Paymentus from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Paymentus currently has an average rating of "Moderate Buy" and an average target price of $36.00.

Paymentus Trading Up 0.1%

Shares of NYSE PAY traded up $0.02 during mid-day trading on Friday, reaching $38.25. The company had a trading volume of 776,776 shares, compared to its average volume of 366,051. The company has a 50-day moving average price of $32.12 and a two-hundred day moving average price of $31.92. The stock has a market cap of $4.79 billion, a PE ratio of 123.39 and a beta of 1.61. Paymentus Holdings, Inc. has a 1-year low of $16.94 and a 1-year high of $40.43.

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.