PDT Partners LLC Has $2.77 Million Holdings in 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 shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 67.7% during the first quarter, according to the company in its most recent Form 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 period. PDT Partners LLC owned 0.09% of Paymentus worth $2,774,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Paymentus by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,612 shares of the business services provider's stock worth $510,000 after buying an additional 484 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Paymentus by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,202 shares of the business services provider's stock worth $214,000 after acquiring an additional 823 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Paymentus by 7.1% during the fourth quarter. Cetera Investment Advisers now owns 13,296 shares of the business services provider's stock worth $434,000 after acquiring an additional 883 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of Paymentus during the fourth quarter worth about $32,000. Finally, AlphaQuest LLC boosted its holdings in Paymentus by 152,600.0% during the first quarter. AlphaQuest LLC now owns 1,527 shares of the business services provider's stock worth $40,000 after purchasing an additional 1,526 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Paymentus from $29.00 to $35.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Raymond James Financial set a $38.00 price target on shares of Paymentus and gave the stock an "outperform" rating in a report on Tuesday, August 5th. The Goldman Sachs Group boosted their price target on shares of Paymentus from $28.00 to $34.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Wolfe Research upgraded shares of Paymentus from a "peer perform" rating to an "outperform" rating in a report on Tuesday, July 22nd. Finally, Robert W. Baird boosted their price target on shares of Paymentus from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.00.

Paymentus Stock Up 0.5%

PAY opened at $38.90 on Tuesday. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 90.47 and a beta of 1.57. Paymentus Holdings, Inc. has a twelve month low of $19.53 and a twelve month high of $40.43. The company's 50-day moving average price is $32.81 and its two-hundred day moving average price is $31.91.

Paymentus (NYSE:PAY - Get Free Report) last released its earnings results on Monday, August 4th. The business services provider reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The firm had revenue of $280.08 million for the quarter, compared to analysts' expectations of $262.78 million. Paymentus had a net margin of 5.37% and a return on equity of 12.63%. The company's quarterly revenue was up 41.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 earnings per share. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Paymentus Holdings, Inc. will post 0.39 earnings per share 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.

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