Invesco Ltd. Acquires 472,205 Shares of 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 shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 81.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

Several other institutional investors also recently modified their holdings of the stock. Park Square Financial Group LLC bought a new stake in Paymentus during the 4th quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Paymentus by 2,763.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,062 shares of the business services provider's stock valued at $54,000 after buying an additional 1,990 shares during the last quarter. Deutsche Bank AG bought a new stake in Paymentus in the 4th quarter valued at $73,000. Bessemer Group Inc. bought a new stake in Paymentus in the 1st quarter valued at $108,000. Finally, State of Tennessee Department of Treasury bought a new stake in Paymentus in the 4th quarter valued at $144,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen upgraded Paymentus from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Raymond James Financial set a $38.00 price target on Paymentus and gave the company an "outperform" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. lifted their price target on Paymentus from $29.00 to $35.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group lifted their price target on Paymentus from $28.00 to $34.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company lifted their price target on Paymentus from $30.00 to $35.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.00.

Paymentus Stock Performance

Shares of PAY traded down $0.78 during mid-day trading on Monday, reaching $37.76. 834,357 shares of the company were exchanged, compared to its average volume of 842,472. Paymentus Holdings, Inc. has a 52 week low of $19.53 and a 52 week high of $40.43. The stock has a market capitalization of $4.73 billion, a PE ratio of 87.81 and a beta of 1.54. The business has a 50 day simple moving average of $32.21 and a two-hundred day simple moving average of $31.65.

Paymentus (NYSE:PAY - Get Free Report) last issued its earnings results on Monday, August 4th. The business services provider reported $0.15 earnings per share 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 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 revenue for the quarter was up 41.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict 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.