Paymentus Holdings, Inc. $PAY is Next Century Growth Investors LLC's 2nd Largest Position

Key Points

• Next Century Growth Investors LLC increased its holdings in Paymentus Holdings, Inc. by 5.4%, owning approximately 1.36 million shares valued at $35.4 million, making it the firm’s second largest position.
• Paymentus recently reported an earnings beat with $0.15 EPS for the quarter, surpassing expectations, along with a 41.9% revenue growth year-over-year.
• Equities analysts have raised their price targets for Paymentus, with a consensus target set at $37.00, indicating a mostly favorable outlook for the stock.

Next Century Growth Investors LLC boosted its holdings in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 5.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,356,980 shares of the business services provider's stock after purchasing an additional 69,156 shares during the quarter. Paymentus makes up approximately 3.2% of Next Century Growth Investors LLC's holdings, making the stock its 2nd largest holding. Next Century Growth Investors LLC owned about 1.09% of Paymentus worth $35,417,000 as of its most recent SEC filing.

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

Paymentus Stock Performance

Shares of NYSE:PAY traded down $1.09 on Tuesday, hitting $37.84. The company's stock had a trading volume of 290,196 shares, compared to its average volume of 580,203. Paymentus Holdings, Inc. has a 12 month low of $19.53 and a 12 month high of $40.43. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 88.03 and a beta of 1.57. The stock's 50-day moving average is $32.81 and its two-hundred day moving average is $31.91.

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 the consensus estimate of $0.14 by $0.01. The company 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% 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. Equities analysts expect that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PAY. JPMorgan Chase & Co. boosted their price target on Paymentus from $29.00 to $35.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Robert W. Baird boosted 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. Wall Street Zen upgraded Paymentus from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Wedbush set a $40.00 price target on Paymentus and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group upped their price objective on Paymentus from $28.00 to $34.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

About Paymentus

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.