Russell Investments Group Ltd. Increases Stock Holdings in Paymentus Holdings, Inc. $PAY

Key Points

• Russell Investments Group Ltd. increased its holdings in Paymentus Holdings by **570.8%**, totaling **25,556 shares** valued at approximately **$667,000** as of the latest SEC disclosure.
• Paymentus reported earnings of **$0.15 per share**, beating expectations, with revenue rising **41.9% year-over-year** to **$280.08 million** in the latest quarter.
• The stock has a current market cap of **$4.87 billion** with a price-to-earnings ratio of **90.47**, and analysts have set a consensus price target of **$37.00** for Paymentus.

Russell Investments Group Ltd. raised its stake in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 570.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,556 shares of the business services provider's stock after acquiring an additional 21,746 shares during the period. Russell Investments Group Ltd.'s holdings in Paymentus were worth $667,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PAY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 purchasing an additional 484 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Paymentus by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,202 shares of the business services provider's stock worth $214,000 after buying an additional 823 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Paymentus by 7.1% in the 4th quarter. Cetera Investment Advisers now owns 13,296 shares of the business services provider's stock valued at $434,000 after buying an additional 883 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Paymentus in the 4th quarter valued at approximately $32,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Paymentus by 2,763.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,062 shares of the business services provider's stock valued at $54,000 after buying an additional 1,990 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Paymentus Stock Performance

PAY stock traded up $0.01 during trading on Wednesday, hitting $37.58. The stock had a trading volume of 304,754 shares, compared to its average volume of 580,509. Paymentus Holdings, Inc. has a 1-year low of $19.53 and a 1-year high of $40.43. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 87.30 and a beta of 1.58. The company's 50 day moving average price is $32.88 and its two-hundred day moving average price is $31.95.

Paymentus (NYSE:PAY - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $280.08 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $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 forecast that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PAY has been the subject of several recent analyst reports. Wolfe Research upgraded shares of Paymentus from a "peer perform" rating to an "outperform" rating in a research note on Tuesday, July 22nd. Robert W. Baird lifted their price target 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. The Goldman Sachs Group boosted their price target on Paymentus from $28.00 to $34.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Wells Fargo & Company raised their price objective on Paymentus from $30.00 to $35.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised Paymentus from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Paymentus has a consensus rating of "Moderate Buy" and an average price target 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.