Invesco Ltd. Has $27.45 Million Stock Holdings in Paymentus Holdings, Inc. $PAY

Key Points

• Invesco Ltd. increased its stake in Paymentus Holdings, Inc. by 81.5% during the first quarter, now owning over 1 million shares valued at approximately $27.4 million.
• Analysts have issued new price targets for Paymentus, with Wells Fargo raising its target from $30 to $35, while Goldman Sachs increased theirs from $28 to $34.
• Paymentus reported a 41.9% revenue increase for the last quarter compared to the previous year, with earnings per share exceeding analysts' estimates.

Invesco Ltd. raised its stake in Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 81.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,051,664 shares of the business services provider's stock after buying an additional 472,205 shares during the quarter. Invesco Ltd. owned about 0.84% of Paymentus worth $27,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank boosted its stake in Paymentus by 8.0% in the 1st quarter. Swiss National Bank now owns 40,400 shares of the business services provider's stock worth $1,054,000 after purchasing an additional 3,000 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted 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 in the last quarter. CenterBook Partners LP boosted its position in shares of Paymentus by 1,282.6% during the first quarter. CenterBook Partners LP now owns 85,013 shares of the business services provider's stock worth $2,219,000 after buying an additional 78,864 shares during the period. Deutsche Bank AG grew its holdings in shares of Paymentus by 9,777.0% during the first quarter. Deutsche Bank AG now owns 221,639 shares of the business services provider's stock worth $5,785,000 after buying an additional 219,395 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Paymentus by 30.7% during the first quarter. Vanguard Group Inc. now owns 2,347,870 shares of the business services provider's stock worth $61,279,000 after buying an additional 551,211 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Paymentus Stock Up 3.7%

Shares of PAY traded up $1.3640 during mid-day trading on Friday, hitting $38.5140. 1,080,737 shares of the company's stock were exchanged, compared to its average volume of 807,790. Paymentus Holdings, Inc. has a 52 week low of $19.53 and a 52 week high of $40.43. The stock's 50-day simple moving average is $32.12 and its 200-day simple moving average is $31.62. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 89.57 and a beta of 1.54.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on PAY shares. Wells Fargo & Company increased their target price on shares of Paymentus from $30.00 to $35.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Robert W. Baird upped 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. JPMorgan Chase & Co. increased their price objective on shares of Paymentus from $29.00 to $35.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Wedbush set a $40.00 target price on shares of Paymentus and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, Raymond James Financial set a $38.00 target price on shares of Paymentus and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Paymentus 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.