Jump Financial LLC Has $2.06 Million Holdings in Paymentus Holdings, Inc. $PAY

Key Points

• Jump Financial LLC increased its holdings in Paymentus Holdings, Inc. by 29.0%, now owning 78,900 shares valued at approximately $2.06 million.
• Paymentus reported a 41.9% increase in quarterly revenue year-over-year, achieving $280.08 million, along with earnings per share of $0.15, exceeding analyst expectations.
• Several institutional investors, including Barclays PLC and Tower Research Capital LLC, have significantly increased their positions in Paymentus, indicating growing investor confidence as hedge funds own 78.38% of the stock.

Jump Financial LLC grew its holdings in Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 29.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,900 shares of the business services provider's stock after purchasing an additional 17,760 shares during the period. Jump Financial LLC owned approximately 0.06% of Paymentus worth $2,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. purchased a new stake in Paymentus in the 1st quarter worth about $108,000. Mirae Asset Global Investments Co. Ltd. lifted its position 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 purchasing an additional 1,990 shares in the last quarter. Bank of America Corp DE grew its position in Paymentus by 83.9% during the fourth quarter. Bank of America Corp DE now owns 14,096 shares of the business services provider's stock valued at $461,000 after purchasing an additional 6,429 shares in the last quarter. SG Americas Securities LLC lifted its position in Paymentus by 103.6% in the 1st quarter. SG Americas Securities LLC now owns 14,077 shares of the business services provider's stock worth $367,000 after buying an additional 7,163 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Paymentus by 7.1% in the 4th quarter. Cetera Investment Advisers now owns 13,296 shares of the business services provider's stock worth $434,000 after buying an additional 883 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PAY shares. JPMorgan Chase & Co. increased their price objective on Paymentus from $29.00 to $35.00 and gave the stock a "neutral" rating in a report 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 report on Tuesday, May 6th. Robert W. Baird lifted 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. 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 research report on Wednesday, May 7th. Finally, Raymond James Financial set a $38.00 price objective on shares of Paymentus and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

Paymentus Stock Performance

Shares of PAY traded up $0.18 during trading hours on Monday, reaching $38.90. 848,100 shares of the company traded hands, compared to its average volume of 900,865. The stock's fifty day moving average is $32.68 and its 200 day moving average is $31.86. The stock has a market cap of $4.87 billion, a P/E ratio of 90.47 and a beta of 1.57. Paymentus Holdings, Inc. has a 1-year low of $19.53 and a 1-year high of $40.43.

Paymentus (NYSE:PAY - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The business services provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $280.08 million during 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 company's revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research 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.