Paymentus Holdings, Inc. $PAY Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly increased its stake in Paymentus Holdings, acquiring 219,395 shares, raising its ownership to approximately 0.18%, valued at $5.8 million.
• Following this acquisition, a number of other institutional investors also increased their holdings in Paymentus, with 78.38% of the stock now owned by institutional players.
• Analysts have revised their price targets for Paymentus, with companies like Wells Fargo and Goldman Sachs raising their targets to $35.00, reflecting a positive outlook on the stock.

Deutsche Bank AG increased its stake in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 9,777.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,639 shares of the business services provider's stock after buying an additional 219,395 shares during the quarter. Deutsche Bank AG owned about 0.18% of Paymentus worth $5,785,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PAY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Paymentus by 3.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,612 shares of the business services provider's stock valued at $510,000 after purchasing an additional 484 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Paymentus by 7.1% in the 4th quarter. Cetera Investment Advisers now owns 13,296 shares of the business services provider's stock valued at $434,000 after purchasing an additional 883 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in Paymentus in the 4th quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 valued at $54,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Paymentus by 25.8% in the 4th quarter. Point72 Asset Management L.P. now owns 12,078 shares of the business services provider's stock valued at $395,000 after purchasing an additional 2,478 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Paymentus Price Performance

Shares of PAY stock traded down $0.17 during midday trading on Thursday, reaching $37.05. 1,105,765 shares of the company traded hands, compared to its average volume of 765,544. The firm's 50 day simple moving average is $32.01 and its two-hundred day simple moving average is $31.58. Paymentus Holdings, Inc. has a 1-year low of $19.53 and a 1-year high of $40.43. The firm has a market cap of $4.64 billion, a PE ratio of 86.16 and a beta of 1.54.

Paymentus (NYSE:PAY - Get Free Report) last posted its quarterly 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. Paymentus had a net margin of 5.37% and a return on equity of 12.63%. The company had revenue of $280.08 million during the quarter, compared to the consensus estimate of $262.78 million. During the same period last year, the firm earned $0.12 EPS. The company's revenue for the quarter was up 41.9% on a year-over-year basis. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts anticipate 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 topic of a number of analyst reports. Wolfe Research raised Paymentus from a "peer perform" rating to an "outperform" rating in a report on Tuesday, July 22nd. Wells Fargo & Company lifted their price objective 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. The Goldman Sachs Group lifted their price objective on Paymentus from $28.00 to $34.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Finally, Wedbush set a $40.00 price objective on Paymentus and gave the company an "outperform" rating in a report on Tuesday, May 6th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.