Graham Capital Management L.P. Acquires 13,395 Shares of Paymentus Holdings, Inc. $PAY

Key Points

• Graham Capital Management L.P. increased its ownership in Paymentus Holdings, Inc. by 104.7%, acquiring an additional 13,395 shares during the 1st quarter, bringing its total to 26,184 shares.
• Paymentus reported $0.15 earnings per share (EPS) for the latest quarter, beating estimates, with a total revenue of $280.08 million, which is a 41.9% increase from the previous year.
• Equities analysts have a consensus rating of "Moderate Buy" on Paymentus shares, with a price target averaging $37.00, reflecting a positive outlook for the company.

Graham Capital Management L.P. increased its holdings in Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 104.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,184 shares of the business services provider's stock after acquiring an additional 13,395 shares during the quarter. Graham Capital Management L.P.'s holdings in Paymentus were worth $683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of PAY. Park Square Financial Group LLC purchased a new stake in Paymentus in the fourth quarter worth about $32,000. AlphaQuest LLC raised its stake in Paymentus by 152,600.0% during the first quarter. AlphaQuest LLC now owns 1,527 shares of the business services provider's stock valued at $40,000 after buying an additional 1,526 shares during the last quarter. Summit Securities Group LLC bought a new stake in Paymentus in the first quarter worth $47,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Paymentus by 2,763.9% in 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 acquiring an additional 1,990 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Paymentus in the 4th quarter worth about $73,000. Institutional investors own 78.38% of the company's stock.

Analyst Ratings Changes

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

Paymentus Trading Down 6.4%

NYSE:PAY traded down $2.25 during trading hours on Thursday, reaching $32.92. The company had a trading volume of 1,384,352 shares, compared to its average volume of 727,288. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 76.56 and a beta of 1.58. The firm's 50 day moving average price is $33.35 and its 200-day moving average price is $32.22. Paymentus Holdings, Inc. has a 52 week low of $19.53 and a 52 week high of $40.43.

Paymentus (NYSE:PAY - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. Paymentus had a return on equity of 12.63% and a net margin of 5.37%.The firm had revenue of $280.08 million for the quarter, compared to the consensus estimate of $262.78 million. During the same period last year, the business posted $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. On average, analysts forecast that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current fiscal 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.