Sterling Capital Management LLC Sells 32,893 Shares of Paymentus Holdings, Inc. $PAY

Key Points

• Sterling Capital Management cut its Paymentus stake by 94.3% in the third quarter, selling 32,893 shares and retaining 1,981 shares valued at about $61,000.
• Paymentus beat quarterly estimates, reporting adjusted earnings of $0.25 per share and revenue of $372.2 million, up 19.8% year over year.
• Analysts’ average rating is Moderate Buy, with an average price target of $38.86; the article also notes investor concerns about a possible growth slowdown.

Sterling Capital Management LLC lowered its position in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 94.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,981 shares of the business services provider's stock after selling 32,893 shares during the period. Sterling Capital Management LLC's holdings in Paymentus were worth $61,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in shares of Paymentus by 71.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,435 shares of the business services provider's stock valued at $44,000 after acquiring an additional 600 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Paymentus during the third quarter valued at about $721,000. State of Alaska Department of Revenue purchased a new stake in shares of Paymentus during the third quarter worth about $63,000. Seelaus Asset Management LLC purchased a new stake in shares of Paymentus during the third quarter worth about $272,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Paymentus during the second quarter worth about $367,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Paymentus Trading Down 11.3%

Shares of Paymentus stock opened at $31.07 on Wednesday. The company's fifty day simple moving average is $33.46 and its two-hundred day simple moving average is $28.84. The company has a market cap of $3.91 billion, a P/E ratio of 42.57 and a beta of 1.35. Paymentus Holdings, Inc. has a 12-month low of $20.11 and a 12-month high of $45.31.

Paymentus (NYSE:PAY - Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The business services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. Paymentus had a net margin of 6.65% and a return on equity of 16.54%. The business had revenue of $372.18 million during the quarter, compared to analyst estimates of $358.87 million. During the same period in the prior year, the business earned $0.20 EPS. The company's revenue for the quarter was up 19.8% on a year-over-year basis. Analysts predict that Paymentus Holdings, Inc. will post 0.77 EPS for the current fiscal year.

Key Stories Impacting Paymentus

Here are the key news stories impacting Paymentus this week:

• Positive Sentiment: For Q3 2026, Paymentus reported adjusted earnings of $0.25 per share, above estimates of roughly $0.21–$0.22, and revenue of $372.2 million, exceeding the $358.9 million consensus estimate. Revenue rose 19.8% year over year, while adjusted EBITDA increased 38.6% to $49.7 million. Paymentus Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Paymentus forecast Q4 revenue of $373 million to $378 million, a range whose midpoint is slightly above analysts’ $374.4 million estimate. Its full-year revenue outlook was reported at $1.464 billion to $1.469 billion—approximately $1.5 billion when rounded—and the company pointed to potential revenue of about $2 billion and backlog opportunities in the next 18–24 months. Paymentus revenue outlook
• Positive Sentiment: The company was named a best-in-class billing and payments solution provider in a Datos Insights market evaluation, a third-party recognition of its competitive position. Paymentus named best-in-class provider
• Negative Sentiment: Despite the earnings beat, coverage highlighted a potential sharp growth slowdown as a key issue for investors. With the revenue outlook near consensus rather than a substantial upside surprise, concerns about the pace of future growth could limit enthusiasm for the results. Paymentus growth outlook analysis

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Freedom Broker raised Paymentus to a "strong-buy" rating in a research note on Tuesday, September 15th. Yorkville Ives started coverage on Paymentus in a research report on Tuesday, October 6th. They set an "outperform" rating and a $40.00 price target for the company. Seaport Research Partners started coverage on Paymentus in a research report on Thursday, September 17th. They set a "buy" rating and a $42.00 price target for the company. Weiss Ratings cut Paymentus from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, October 23rd. Finally, Wolfe Research lowered Paymentus from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $38.86.

About Paymentus

Paymentus Holdings, Inc is a technology company that provides cloud-based bill payment and electronic billing solutions. Its platform enables organizations to present bills, collect payments and communicate with customers through digital channels, including web and mobile applications, text messaging, interactive voice response, payment kiosks and customer service representatives.

The company primarily serves billers in industries such as utilities, financial services, government, telecommunications, insurance and other recurring-payment sectors.

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