Trexquant Investment LP Has $1.04 Million Stock Holdings in Paymentus Holdings, Inc. $PAY

Key Points

• Trexquant Investment LP reduced its stake in Paymentus Holdings, Inc. by 51.0%, selling 41,660 shares and leaving it with a total of 40,004 shares valued at approximately $1,044,000.
• Multiple hedge funds have significantly increased their positions in Paymentus, with TimesSquare Capital Management boosting its stake by 63,516.9% during the first quarter.
• Paymentus reported earnings per share of $0.15 for the last quarter, exceeding analysts' estimates, along with a revenue of $280.08 million, a 41.9% increase compared to the same quarter last year.

Trexquant Investment LP lessened its holdings in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 51.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,004 shares of the business services provider's stock after selling 41,660 shares during the period. Trexquant Investment LP's holdings in Paymentus were worth $1,044,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Paymentus by 30.7% during the 1st quarter. Vanguard Group Inc. now owns 2,347,870 shares of the business services provider's stock valued at $61,279,000 after purchasing an additional 551,211 shares in the last quarter. Next Century Growth Investors LLC lifted its holdings in shares of 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 valued at $35,417,000 after purchasing an additional 69,156 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Paymentus by 81.5% during the 1st quarter. Invesco Ltd. now owns 1,051,664 shares of the business services provider's stock valued at $27,448,000 after purchasing an additional 472,205 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of 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 valued at $17,633,000 after purchasing an additional 674,550 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Paymentus by 7.7% during the 1st quarter. Lord Abbett & CO. LLC now owns 619,820 shares of the business services provider's stock valued at $16,177,000 after purchasing an additional 44,264 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Paymentus Stock Down 1.3%

Shares of PAY stock traded down $0.48 during trading on Wednesday, reaching $35.16. 1,154,283 shares of the company's stock were exchanged, compared to its average volume of 592,382. The stock has a market capitalization of $4.40 billion, a PE ratio of 81.78 and a beta of 1.57. Paymentus Holdings, Inc. has a twelve month low of $19.53 and a twelve month high of $40.43. The firm's fifty day moving average price is $33.25 and its 200-day moving average price is $32.17.

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

Analysts Set New Price Targets

PAY has been the topic of several research reports. Wall Street Zen upgraded Paymentus from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Wolfe Research upgraded Paymentus from a "peer perform" rating to an "outperform" rating in a research note on Tuesday, July 22nd. Robert W. Baird boosted their target price on Paymentus from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Raymond James Financial set a $38.00 price target 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.