Driehaus Capital Management LLC Purchases 1,145,557 Shares of Paymentus Holdings, Inc. $PAY

Key Points

• Driehaus Capital Management LLC significantly increased its stake in Paymentus Holdings, Inc. by 152.3%, now owning approximately 1.9 million shares valued at $49.5 million.
• Paymentus reported a Q2 earnings per share of $0.15, surpassing analyst expectations, along with a revenue increase of 41.9% year-over-year, totaling $280.08 million.
• The stock has received mixed ratings from analysts, with a consensus of “Moderate Buy” and an average price target of $37.00.

Driehaus Capital Management LLC lifted its position in Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 152.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,897,552 shares of the business services provider's stock after purchasing an additional 1,145,557 shares during the period. Driehaus Capital Management LLC owned about 1.52% of Paymentus worth $49,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Wyoming grew its holdings in shares of Paymentus by 106.1% in the first quarter. State of Wyoming now owns 18,331 shares of the business services provider's stock worth $478,000 after purchasing an additional 9,436 shares during the last quarter. Next Century Growth Investors LLC boosted its holdings in Paymentus by 5.4% in the first quarter. Next Century Growth Investors LLC now owns 1,356,980 shares of the business services provider's stock valued at $35,417,000 after acquiring an additional 69,156 shares in the last quarter. Jump Financial LLC boosted its holdings in Paymentus by 29.0% in the first quarter. Jump Financial LLC now owns 78,900 shares of the business services provider's stock valued at $2,059,000 after acquiring an additional 17,760 shares in the last quarter. AlphaQuest LLC boosted its holdings in Paymentus by 152,600.0% in the first quarter. AlphaQuest LLC now owns 1,527 shares of the business services provider's stock valued at $40,000 after acquiring an additional 1,526 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Paymentus by 32.7% in the first quarter. Quantbot Technologies LP now owns 36,873 shares of the business services provider's stock valued at $962,000 after acquiring an additional 9,093 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Paymentus Stock Performance

Shares of PAY traded down $0.03 during trading hours on Wednesday, hitting $37.54. The company had a trading volume of 228,176 shares, compared to its average volume of 580,006. The firm has a fifty day moving average price of $32.88 and a 200-day moving average price of $31.95. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 87.24 and a beta of 1.58. 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 posted 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 firm had revenue of $280.08 million during the quarter, compared to analyst estimates of $262.78 million. Paymentus had a return on equity of 12.63% and a net margin of 5.37%.Paymentus's quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts anticipate that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on PAY. JPMorgan Chase & Co. lifted their price target on shares of Paymentus from $29.00 to $35.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Wolfe Research raised Paymentus from a "peer perform" rating to an "outperform" rating in a research report on Tuesday, July 22nd. Robert W. Baird raised their price objective on Paymentus from $36.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Wells Fargo & Company raised their price objective on Paymentus from $30.00 to $35.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Finally, Raymond James Financial set a $38.00 price objective on Paymentus and gave the company an "outperform" rating in a research 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.