Paymentus Holdings, Inc. (NYSE:PAY) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Paymentus Holdings, Inc. has received a consensus rating of "Moderate Buy" from eight brokerage firms, with four issuing buy recommendations and four recommending a hold.
• The average 12-month price target among analysts for Paymentus is $37.00, with some firms setting targets as high as $40.00.
• Paymentus reported earnings of $0.15 per share, beating analyst expectations, alongside a year-over-year revenue increase of 41.9%.

Shares of Paymentus Holdings, Inc. (NYSE:PAY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight ratings firms that are currently 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 target among brokers that have issued a report on the stock in the last year is $37.00.

PAY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Paymentus from $29.00 to $35.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Wall Street Zen raised shares of Paymentus from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Raymond James Financial set a $38.00 target price on shares of Paymentus and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Wedbush set a $40.00 price objective on shares of Paymentus and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company upped their price objective on shares of Paymentus from $30.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th.

Hedge Funds Weigh In On Paymentus

Hedge funds have recently modified their holdings of the stock. Park Square Financial Group LLC acquired a new position in shares of Paymentus during the fourth quarter valued at about $32,000. AlphaQuest LLC increased its holdings in shares of 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 in the last quarter. Summit Securities Group LLC acquired a new position in Paymentus in the 1st quarter worth approximately $47,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Paymentus by 2,763.9% in 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 period. Finally, Deutsche Bank AG acquired a new position in Paymentus in the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Paymentus Stock Up 3.2%

PAY stock opened at $36.83 on Thursday. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 85.65 and a beta of 1.54. Paymentus has a twelve month low of $19.53 and a twelve month high of $40.43. The firm's fifty day simple moving average is $31.81 and its two-hundred day simple moving average is $31.34.

Paymentus (NYSE:PAY - Get Free Report) last issued its earnings results on Monday, August 4th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The firm had revenue of $280.08 million during the quarter, compared to analyst estimates of $262.78 million. Paymentus had a net margin of 5.37% and a return on equity of 12.63%. The business's revenue was up 41.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share. As a group, equities research analysts expect 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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