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

Key Points

• Analysts have a consensus "Moderate Buy" on Paymentus from eight covering firms with an average 12‑month target of $35.50 (ratings breakdown: 4 holds, 3 buys, 1 strong buy).
• Recent analyst actions include JPMorgan raising its target to $38 (neutral), Wedbush cutting its target to $32 (outperform), and Raymond James reiterating a strong‑buy with a $36 target.
• Paymentus shares opened at $25.15 (12‑month range $22.02–$40.43), the company has a market cap of $3.16B and a P/E of 48.37, and about 78.38% of the stock is held by institutions.

Shares of Paymentus Holdings, Inc. (NYSE:PAY - Get Free Report) have received 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 rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $35.50.

PAY has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Paymentus from $35.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, December 4th. Wedbush lowered their price objective on Paymentus from $40.00 to $32.00 and set an "outperform" rating for the company in a research note on Tuesday, February 24th. Weiss Ratings restated a "hold (c+)" rating on shares of Paymentus in a report on Monday, December 29th. Wall Street Zen raised Paymentus from a "hold" rating to a "buy" rating in a research report on Sunday, February 8th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $36.00 target price on shares of Paymentus in a research note on Friday, March 6th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its position in shares of Paymentus by 11.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,853 shares of the business services provider's stock worth $126,000 after purchasing an additional 403 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Paymentus by 0.7% during the second quarter. Raymond James Financial Inc. now owns 55,991 shares of the business services provider's stock worth $1,834,000 after purchasing an additional 413 shares during the last quarter. GSA Capital Partners LLP grew its stake in Paymentus by 1.6% in the third quarter. GSA Capital Partners LLP now owns 40,554 shares of the business services provider's stock worth $1,241,000 after purchasing an additional 632 shares in the last quarter. Hamilton Lane Advisors LLC grew its stake in Paymentus by 7.8% in the fourth quarter. Hamilton Lane Advisors LLC now owns 9,303 shares of the business services provider's stock worth $294,000 after purchasing an additional 676 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Paymentus by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,295 shares of the business services provider's stock valued at $425,000 after buying an additional 683 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Paymentus Price Performance

Paymentus stock opened at $25.15 on Friday. Paymentus has a 12-month low of $22.02 and a 12-month high of $40.43. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 48.37 and a beta of 1.50. The firm's fifty day moving average price is $25.67 and its 200 day moving average price is $30.07.

Paymentus Company Profile

Paymentus is a U.S.-based financial technology company that specializes in cloud-native bill payment and presentment solutions. Its platform enables businesses and government entities to manage the entire payment lifecycle, from electronic bill presentment and real-time payment processing to reconciliation and reporting. Through web portals, mobile applications, interactive voice response (IVR) systems and in-person channels, Paymentus helps clients streamline accounts receivable operations, enhance customer engagement and reduce operational costs.

Founded in 2004 and headquartered in Wilmington, Delaware, Paymentus has built a modular suite of services that can be tailored to the needs of various industries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.