Quantbot Technologies LP Has $962,000 Position in Paymentus Holdings, Inc. $PAY

Key Points

• Quantbot Technologies LP increased its stake in Paymentus Holdings by 32.7%, owning 36,873 shares valued at approximately $962,000.
• Analysts have set new price targets for Paymentus, with Wedbush giving a target of $40.00 and Goldman Sachs adjusting their target from $28.00 to $34.00.
• Paymentus reported a 41.9% increase in quarterly revenue year-over-year, with a net margin of 5.37% and an EPS of $0.15 that exceeded expectations.

Quantbot Technologies LP grew its stake in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 32.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,873 shares of the business services provider's stock after buying an additional 9,093 shares during the period. Quantbot Technologies LP's holdings in Paymentus were worth $962,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PAY. Bessemer Group Inc. acquired a new position in shares of Paymentus during the 1st quarter valued at $108,000. Legal & General Group Plc lifted its holdings in shares of Paymentus by 40.1% during the 4th quarter. Legal & General Group Plc now owns 19,052 shares of the business services provider's stock valued at $622,000 after acquiring an additional 5,452 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Paymentus by 2,763.9% during 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 in the last quarter. Bank of America Corp DE lifted its holdings in shares of Paymentus by 83.9% during 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 in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Paymentus by 103.6% during 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 in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Paymentus Trading Up 0.5%

PAY traded up $0.18 on Friday, hitting $38.90. 848,100 shares of the company's stock were exchanged, compared to its average volume of 910,135. The stock has a fifty day moving average of $32.68 and a two-hundred day moving average of $31.84. Paymentus Holdings, Inc. has a twelve month low of $19.53 and a twelve month high of $40.43. The firm has a market cap of $4.87 billion, a PE ratio of 90.47 and a beta of 1.54.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on PAY. Wells Fargo & Company lifted their target price on shares of Paymentus from $30.00 to $35.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Wolfe Research upgraded shares of Paymentus from a "peer perform" rating to an "outperform" rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded shares of Paymentus from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. JPMorgan Chase & Co. upped their price objective on shares of Paymentus from $29.00 to $35.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, Robert W. Baird upped their price objective on shares of Paymentus from $36.00 to $40.00 and gave the company an "outperform" rating in a research 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 company. According to MarketBeat, Paymentus has a consensus rating of "Moderate Buy" and a consensus 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.