FCG Investment Co Acquires New Stake in Paymentus Holdings, Inc. $PAY

Key Points

• FCG Investment Co has acquired a new stake in Paymentus Holdings, Inc. (NYSE:PAY), purchasing 24,154 shares valued at approximately $791,000 during the 2nd quarter.
• Analysts have recently upgraded the stock, with Wolfe Research shifting its rating to "outperform", and various price targets set between $36.00 and $40.00.
• Paymentus reported a 41.9% increase in revenue year-over-year, with earnings per share exceeding estimates at $0.15 for the last quarter.

FCG Investment Co bought a new position in Paymentus Holdings, Inc. (NYSE:PAY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,154 shares of the business services provider's stock, valued at approximately $791,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Paymentus by 30.7% in the 1st quarter. Vanguard Group Inc. now owns 2,347,870 shares of the business services provider's stock worth $61,279,000 after purchasing an additional 551,211 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in Paymentus by 152.3% in the first quarter. Driehaus Capital Management LLC now owns 1,897,552 shares of the business services provider's stock worth $49,526,000 after buying an additional 1,145,557 shares during the last quarter. Next Century Growth Investors LLC lifted its stake in shares of Paymentus by 5.4% in the first quarter. Next Century Growth Investors LLC now owns 1,356,980 shares of the business services provider's stock worth $35,417,000 after buying an additional 69,156 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Paymentus by 81.5% during the first quarter. Invesco Ltd. now owns 1,051,664 shares of the business services provider's stock valued at $27,448,000 after buying an additional 472,205 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in shares of Paymentus by 63,516.9% during the first quarter. TimesSquare Capital Management LLC now owns 675,612 shares of the business services provider's stock valued at $17,633,000 after acquiring an additional 674,550 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wolfe Research upgraded shares of Paymentus from a "peer perform" rating to an "outperform" rating in a report on Tuesday, July 22nd. Robert W. Baird boosted their price target on Paymentus from $36.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Raymond James Financial set a $38.00 price target on Paymentus and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded Paymentus from a "hold" rating to a "buy" rating in a 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.00.

Paymentus Price Performance

Shares of PAY opened at $31.02 on Friday. The firm has a market capitalization of $3.89 billion, a P/E ratio of 72.14 and a beta of 1.58. Paymentus Holdings, Inc. has a one year low of $19.53 and a one year high of $40.43. The business has a fifty day moving average of $33.99 and a 200 day moving average of $32.68.

Paymentus (NYSE:PAY - Get Free Report) last announced its earnings results 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 business had revenue of $280.08 million for 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%.The business's revenue for the quarter was up 41.9% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Paymentus Holdings, Inc. will post 0.39 EPS for the current fiscal year.

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.

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