Dynamic Technology Lab Private Ltd Purchases Shares of 18,062 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 acquired a new position in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,062 shares of the business services provider's stock, valued at approximately $471,000.

Several other large investors have also recently added to or reduced their stakes in PAY. Park Square Financial Group LLC bought a new stake in Paymentus during the fourth quarter worth about $32,000. AlphaQuest LLC lifted its position in shares of Paymentus by 152,600.0% during the first 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 in the last quarter. Summit Securities Group LLC acquired a new position in shares of Paymentus during the first quarter worth approximately $47,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Paymentus by 2,763.9% during the first 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 in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Paymentus during the fourth quarter worth approximately $73,000. 78.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

PAY has been the topic of a number of research reports. Wall Street Zen upgraded shares of Paymentus from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Wolfe Research upgraded shares of Paymentus from a "peer perform" rating to an "outperform" rating in a report on Tuesday, July 22nd. Raymond James Financial set a $38.00 price objective on shares of Paymentus and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Robert W. Baird increased their price objective on shares of Paymentus from $36.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

Paymentus Trading Up 2.8%

Shares of PAY stock traded up $0.90 during trading hours on Tuesday, hitting $33.07. 720,923 shares of the company were exchanged, compared to its average volume of 820,510. The business has a 50 day moving average of $33.45 and a two-hundred day moving average of $32.37. Paymentus Holdings, Inc. has a 52 week low of $19.53 and a 52 week high of $40.43. The company has a market capitalization of $4.14 billion, a PE ratio of 76.91 and a beta of 1.58.

Paymentus (NYSE:PAY - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $280.08 million during the quarter, compared to the consensus estimate of $262.78 million. Paymentus had a net margin of 5.37% and a return on equity of 12.63%. The firm's revenue was up 41.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Paymentus Holdings, Inc. will post 0.39 EPS for the current year.

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.