PDT Partners LLC Acquires 42,888 Shares of Paymentus Holdings, Inc. $PAY

Key Points

• PDT Partners LLC increased its holdings in Paymentus Holdings, Inc. by 67.7%, now owning approximately $2.77 million worth of shares, reflecting a significant investment in the business services provider.
• Several hedge funds have also adjusted their positions in Paymentus, with institutional investors owning 78.38% of the company's stock, indicating strong interest in the company.
• Paymentus reported a quarterly revenue of $280.08 million, surpassing analysts' expectations, and has set guidance for earnings per share (EPS) for FY 2025, hinting at positive growth potential.

PDT Partners LLC lifted its holdings in Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 67.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 106,265 shares of the business services provider's stock after purchasing an additional 42,888 shares during the quarter. PDT Partners LLC owned about 0.09% of Paymentus worth $2,774,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PAY. Barclays PLC grew its position in shares of Paymentus by 256.1% in the 4th quarter. Barclays PLC now owns 18,012 shares of the business services provider's stock valued at $588,000 after purchasing an additional 12,954 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Paymentus by 2,037.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,413 shares of the business services provider's stock valued at $210,000 after purchasing an additional 6,113 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of Paymentus in the 4th quarter valued at approximately $144,000. Northern Trust Corp lifted its stake in Paymentus by 7.3% in the 4th quarter. Northern Trust Corp now owns 107,824 shares of the business services provider's stock valued at $3,523,000 after acquiring an additional 7,342 shares in the last quarter. Finally, Comerica Bank lifted its stake in Paymentus by 170.3% in the 4th quarter. Comerica Bank now owns 15,607 shares of the business services provider's stock valued at $510,000 after acquiring an additional 9,833 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Paymentus Stock Down 0.7%

Shares of NYSE PAY traded down $0.24 during trading hours on Friday, hitting $36.81. The company had a trading volume of 1,020,879 shares, compared to its average volume of 695,050. The stock has a market capitalization of $4.61 billion, a P/E ratio of 85.60 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. The firm's 50 day moving average is $33.12 and its 200-day moving average is $32.08.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Raymond James Financial set a $38.00 target price on Paymentus and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Robert W. Baird boosted their target price on Paymentus from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Wolfe Research upgraded Paymentus from a "peer perform" rating to an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen upgraded Paymentus from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.00.

Paymentus 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.