Paya Holdings Inc. (NASDAQ:PAYA - Get Rating) - Analysts at William Blair dropped their Q3 2022 EPS estimates for Paya in a research report issued on Wednesday, May 11th. William Blair analyst R. Napoli now expects that the company will post earnings of $0.11 per share for the quarter, down from their previous forecast of $0.12. William Blair currently has a "Outperform" rating on the stock. William Blair also issued estimates for Paya's FY2022 earnings at $0.44 EPS.
Several other research firms have also recently issued reports on PAYA. Canaccord Genuity Group cut their target price on Paya from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, March 2nd. Morgan Stanley cut their target price on shares of Paya from $6.50 to $5.50 and set an "equal weight" rating for the company in a research report on Wednesday, March 2nd. Zacks Investment Research downgraded shares of Paya from a "buy" rating to a "hold" rating in a research report on Friday, January 28th. BTIG Research decreased their price target on shares of Paya from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, January 26th. Finally, Raymond James decreased their target price on shares of Paya from $11.00 to $8.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 2nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $10.28.
NASDAQ:PAYA opened at $4.94 on Friday. The firm has a market cap of $652.43 million, a price-to-earnings ratio of 14.81 and a beta of 0.01. The business's fifty day moving average is $5.44 and its 200 day moving average is $6.33. Paya has a 52-week low of $4.51 and a 52-week high of $11.99. Paya (NASDAQ:PAYA - Get Rating) last announced its earnings results on Tuesday, March 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $67.10 million for the quarter, compared to analysts' expectations of $63.75 million.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Focused Wealth Management Inc purchased a new position in Paya during the fourth quarter worth about $38,000. Keebeck Alpha LP purchased a new stake in shares of Paya in the 1st quarter valued at approximately $60,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Paya in the 4th quarter valued at approximately $63,000. Davy Global Fund Management Ltd acquired a new position in shares of Paya in the fourth quarter valued at approximately $68,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Paya by 248.8% in the fourth quarter. Cubist Systematic Strategies LLC now owns 11,100 shares of the company's stock valued at $70,000 after purchasing an additional 7,918 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.
Paya Company Profile (Get Rating)
Paya Holdings Inc, through its subsidiaries, operates as an independent integrated payments platform. It operates through two segments, Integrated Solutions and Payment Services. The company processes payments through credit and debit card, automated clearing house, and check payments. It serves customers through distribution partners with focus on targeted verticals, such as B2B goods and services, healthcare, faith-based and non-profit, government and utilities, and education markets.
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