Public Employees Retirement System of Ohio Invests $2.26 Million in Paymentus Holdings, Inc. $PAY

Key Points

• The Public Employees Retirement System of Ohio invested approximately $2.26 million in Paymentus Holdings, acquiring around 68,994 shares during Q2.
• Several institutional investors increased their stakes in Paymentus, including Advisors Asset Management Inc., which boosted its holding by 23.9%.
• Analysts are optimistic about Paymentus, with upgrades from firms like Wolfe Research and Raymond James, the average rating being a "Moderate Buy" with a target price of $37.00.

Public Employees Retirement System of Ohio purchased a new position in Paymentus Holdings, Inc. (NYSE:PAY - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 68,994 shares of the business services provider's stock, valued at approximately $2,260,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Paymentus as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Advisors Asset Management Inc. lifted its stake in shares of Paymentus by 23.9% in the first quarter. Advisors Asset Management Inc. now owns 3,450 shares of the business services provider's stock worth $90,000 after acquiring an additional 665 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Paymentus by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,295 shares of the business services provider's stock worth $425,000 after acquiring an additional 683 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Paymentus by 11.2% in 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. AlphaQuest LLC lifted its stake in shares of Paymentus by 152,600.0% in the first quarter. AlphaQuest LLC now owns 1,527 shares of the business services provider's stock worth $40,000 after acquiring an additional 1,526 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Paymentus in the first quarter worth about $47,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Ratings Changes

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

Paymentus Trading Up 1.6%

NYSE:PAY opened at $31.13 on Friday. The firm has a market capitalization of $3.90 billion, a PE ratio of 72.39 and a beta of 1.51. The stock has a 50 day moving average of $34.15 and a 200-day moving average of $32.73. 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 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 company 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%.The business's revenue was up 41.9% compared to the same quarter last year. During the same period in the prior 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, analysts predict that Paymentus Holdings, Inc. will post 0.39 EPS for the current fiscal year.

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.

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