Dynamic Technology Lab Private Ltd Makes New Investment in Paymentus Holdings, Inc. $PAY

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in Paymentus Holdings, purchasing 18,062 shares valued at approximately $471,000 during the first quarter of the year.
• Paymentus reported $0.15 earnings per share (EPS) for the last quarter, surpassing analysts' expectations, with a 41.9% year-over-year revenue increase.
• Analysts currently have a consensus rating of "Moderate Buy" for Paymentus, with a target price set at $37.00 following multiple recent upgrades from various financial institutions.

Dynamic Technology Lab Private Ltd purchased a new stake in Paymentus Holdings, Inc. (NYSE:PAY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,062 shares of the business services provider's stock, valued at approximately $471,000.

Several other institutional investors and hedge funds also recently modified their holdings of PAY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 buying an additional 484 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Paymentus by 23.9% during the 1st quarter. Advisors Asset Management Inc. now owns 3,450 shares of the business services provider's stock worth $90,000 after acquiring an additional 665 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Paymentus by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,202 shares of the business services provider's stock valued at $214,000 after purchasing an additional 823 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Paymentus by 7.1% in the fourth 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 in the last quarter. Finally, Park Square Financial Group LLC bought a new stake in shares of Paymentus in the fourth quarter worth $32,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Paymentus Price Performance

Paymentus stock opened at $35.16 on Thursday. The company's 50-day moving average is $33.33 and its 200-day moving average is $32.19. The firm has a market capitalization of $4.40 billion, a PE ratio of 81.78 and a beta of 1.58. 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 posted 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 business had revenue of $280.08 million during the quarter, compared to analysts' expectations of $262.78 million. Paymentus had a return on equity of 12.63% and a net margin of 5.37%.Paymentus's quarterly revenue was up 41.9% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts expect that Paymentus Holdings, Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

PAY has been the topic of several recent research reports. Wolfe Research upgraded shares of Paymentus from a "peer perform" rating to an "outperform" rating in a research note on Tuesday, July 22nd. Raymond James Financial set a $38.00 price objective on Paymentus and gave the company an "outperform" rating in a report on Tuesday, August 5th. Robert W. Baird upped their target price on Paymentus from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen raised Paymentus from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Four equities 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

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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