Paymentus Holdings, Inc. (NYSE:PAY) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Paymentus Holdings, Inc. (NYSE:PAY) has received a consensus recommendation of "Moderate Buy" from eight research firms, with a projected price target of $37.00.
• Recent upgrades from analysts include Wolfe Research raising its rating to "outperform" and Raymond James setting a price objective of $38.00.
• The company reported a significant 41.9% year-over-year increase in revenue, with earnings per share beating consensus estimates at $0.15.

Shares of Paymentus Holdings, Inc. (NYSE:PAY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $37.00.

Several research firms have recently weighed in on PAY. Wolfe Research raised Paymentus from a "peer perform" rating to an "outperform" rating in a report on Tuesday, July 22nd. Raymond James Financial set a $38.00 price objective on shares of Paymentus and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Paymentus from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th.

Institutional Trading of Paymentus

A number of hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Paymentus during the first quarter worth approximately $471,000. Bessemer Group Inc. acquired a new position in Paymentus in the 1st quarter valued at $108,000. Mirae Asset Global Investments Co. Ltd. raised its position in Paymentus by 2,763.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,062 shares of the business services provider's stock worth $54,000 after buying an additional 1,990 shares during the last quarter. Next Century Growth Investors LLC lifted its stake in shares of Paymentus by 5.4% in 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 acquiring an additional 69,156 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Paymentus in the second quarter valued at about $681,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Paymentus Stock Performance

Shares of PAY stock opened at $31.13 on Friday. The stock's 50-day moving average is $34.15 and its two-hundred day moving average is $32.73. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 72.39 and a beta of 1.51. Paymentus has a 1 year low of $19.53 and a 1 year high of $40.43.

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, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $280.08 million during 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%.The business's quarterly revenue was up 41.9% on a year-over-year basis. 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. As a group, research analysts predict that Paymentus will post 0.39 EPS for the current 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.

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