Trexquant Investment LP Has $1.04 Million 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 trimmed its position in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) by 51.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 and hedge funds have also recently added to or reduced their stakes in PAY. Park Square Financial Group LLC bought a new position in Paymentus during the fourth quarter valued at about $32,000. AlphaQuest LLC increased its stake in Paymentus by 152,600.0% during the first quarter. AlphaQuest LLC now owns 1,527 shares of the business services provider's stock valued at $40,000 after acquiring an additional 1,526 shares during the period. Summit Securities Group LLC bought a new position in Paymentus during the first quarter valued at about $47,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Paymentus by 2,763.9% during 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 acquiring an additional 1,990 shares during the period. Finally, Deutsche Bank AG bought a new position in Paymentus during the fourth quarter valued at about $73,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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. Raymond James Financial set a $38.00 price objective on Paymentus and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Wolfe Research upgraded Paymentus from a "peer perform" rating to an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird upped their price objective on Paymentus from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Paymentus presently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

Paymentus Stock Performance

Shares of PAY stock traded down $0.09 during trading hours on Friday, hitting $32.81. The company had a trading volume of 1,016,924 shares, compared to its average volume of 770,090. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 76.31 and a beta of 1.58. Paymentus Holdings, Inc. has a 12 month low of $19.53 and a 12 month high of $40.43. The firm's fifty day moving average is $33.37 and its 200 day moving average is $32.26.

Paymentus (NYSE:PAY - Get Free Report) last announced its earnings results on Monday, August 4th. The business services provider reported $0.15 EPS for the quarter, topping 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 return on equity of 12.63% and a net margin of 5.37%.Paymentus's revenue was up 41.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts expect that Paymentus Holdings, Inc. will post 0.39 EPS for the current fiscal year.

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.