State of Wyoming lifted its position in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 106.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,331 shares of the business services provider's stock after acquiring an additional 9,436 shares during the quarter. State of Wyoming's holdings in Paymentus were worth $478,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Paymentus by 30.7% during the 1st quarter. Vanguard Group Inc. now owns 2,347,870 shares of the business services provider's stock worth $61,279,000 after buying an additional 551,211 shares during the period. Next Century Growth Investors LLC lifted its holdings in Paymentus by 5.4% during the 1st quarter. Next Century Growth Investors LLC now owns 1,356,980 shares of the business services provider's stock worth $35,417,000 after buying an additional 69,156 shares during the period. Invesco Ltd. lifted its holdings in Paymentus by 81.5% during the 1st quarter. Invesco Ltd. now owns 1,051,664 shares of the business services provider's stock worth $27,448,000 after buying an additional 472,205 shares during the period. Driehaus Capital Management LLC acquired a new position in Paymentus during the 4th quarter worth about $24,568,000. Finally, TimesSquare Capital Management LLC lifted its holdings in Paymentus by 63,516.9% during the 1st 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. Institutional investors and hedge funds own 78.38% of the company's stock.
Wall Street Analysts Forecast Growth
PAY has been the topic of several recent research reports. The Goldman Sachs Group lifted 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 lifted their target price on Paymentus from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Wells Fargo & Company lifted their target price on Paymentus from $30.00 to $35.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Wolfe Research raised Paymentus from a "peer perform" rating to an "outperform" rating in a report on Tuesday, July 22nd. Finally, Raymond James Financial set a $38.00 price objective on Paymentus and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Paymentus presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.
Get Our Latest Stock Analysis on PAY
Paymentus Trading Up 0.5%
PAY stock opened at $38.90 on Friday. The stock has a 50-day moving average price of $32.68 and a 200-day moving average price of $31.85. Paymentus Holdings, Inc. has a 1-year low of $19.53 and a 1-year 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 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Paymentus had a return on equity of 12.63% and a net margin of 5.37%.The firm had revenue of $280.08 million during the quarter, compared to analyst estimates of $262.78 million. During the same period last year, the company posted $0.12 EPS. The business's quarterly revenue 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 forecast that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current year.
Paymentus Profile
(
Free Report)
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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