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 lifted its holdings in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 32.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,873 shares of the business services provider's stock after acquiring an additional 9,093 shares during the quarter. Quantbot Technologies LP's holdings in Paymentus were worth $962,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Paymentus by 30.7% during the first quarter. Vanguard Group Inc. now owns 2,347,870 shares of the business services provider's stock worth $61,279,000 after acquiring an additional 551,211 shares during the last quarter. Invesco Ltd. boosted its stake in Paymentus by 81.5% in the first quarter. Invesco Ltd. now owns 1,051,664 shares of the business services provider's stock valued at $27,448,000 after acquiring an additional 472,205 shares during the period. Driehaus Capital Management LLC acquired a new position in Paymentus in the fourth quarter valued at approximately $24,568,000. TimesSquare Capital Management LLC boosted its position in shares of Paymentus by 63,516.9% during the first quarter. TimesSquare Capital Management LLC now owns 675,612 shares of the business services provider's stock worth $17,633,000 after buying an additional 674,550 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in shares of Paymentus by 7.7% during the first quarter. Lord Abbett & CO. LLC now owns 619,820 shares of the business services provider's stock worth $16,177,000 after buying an additional 44,264 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Paymentus Trading Up 1.3%

NYSE:PAY traded up $0.48 during mid-day trading on Tuesday, hitting $38.28. The company's stock had a trading volume of 685,853 shares, compared to its average volume of 869,092. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 89.03 and a beta of 1.54. Paymentus Holdings, Inc. has a fifty-two week low of $19.53 and a fifty-two week high of $40.43. The stock has a fifty day moving average of $32.31 and a 200-day moving average of $31.70.

Paymentus (NYSE:PAY - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The business services provider reported $0.15 earnings per share for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on PAY. The Goldman Sachs Group boosted their target price on Paymentus from $28.00 to $34.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Robert W. Baird upped their price target on Paymentus from $36.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Wall Street Zen raised shares of Paymentus from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Raymond James Financial set a $38.00 target price on shares of Paymentus and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Finally, Wells Fargo & Company boosted their price target 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. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Paymentus currently 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.