Paymentus (NYSE:PAY) Announces Quarterly Earnings Results

Key Points

• EPS surprise: Paymentus reported quarterly earnings per share of $999.00, topping the consensus estimate of $0.17 by $998.83.
• Shares traded up to $28.63 on the report; the company has a market cap of $3.60 billion, a trailing P/E of 55.05, and a 12‑month trading range of $22.02 to $40.43.
• Institutional investors own 78.38% of the stock with recent position increases from firms like Royal Bank of Canada and Goldman Sachs, while analysts give a consensus rating of "Moderate Buy" and an average target price of $35.50 despite some recent price‑target cuts.

Paymentus (NYSE:PAY - Get Free Report) issued its quarterly earnings results on Monday. The business services provider reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.17 by $998.83, reports. Paymentus had a return on equity of 12.97% and a net margin of 5.59%.

Paymentus Price Performance

Shares of NYSE PAY traded up $0.87 during midday trading on Monday, hitting $28.63. 729,616 shares of the company's stock were exchanged, compared to its average volume of 634,486. Paymentus has a twelve month low of $22.02 and a twelve month high of $40.43. The company has a market cap of $3.60 billion, a PE ratio of 55.05 and a beta of 1.40. The firm's fifty day simple moving average is $25.75 and its 200-day simple moving average is $28.99.

Institutional Investors Weigh In On Paymentus

Several hedge funds and other institutional investors have recently made changes to their positions in PAY. Royal Bank of Canada raised its position in shares of Paymentus by 26.8% during the 1st quarter. Royal Bank of Canada now owns 183,144 shares of the business services provider's stock worth $4,780,000 after acquiring an additional 38,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Paymentus by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,295 shares of the business services provider's stock worth $425,000 after acquiring an additional 683 shares in the last quarter. Millennium Management LLC raised its position in shares of Paymentus by 4.2% during the 1st quarter. Millennium Management LLC now owns 243,860 shares of the business services provider's stock worth $6,365,000 after acquiring an additional 9,890 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Paymentus by 275.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 571,917 shares of the business services provider's stock valued at $14,927,000 after purchasing an additional 419,736 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Paymentus by 34.7% in the 2nd quarter. Legal & General Group Plc now owns 25,668 shares of the business services provider's stock valued at $841,000 after purchasing an additional 6,616 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wedbush cut their price target on Paymentus from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, February 24th. The Goldman Sachs Group cut their price target on Paymentus from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, February 24th. Wall Street Zen upgraded Paymentus from a "hold" rating to a "buy" rating in a report on Sunday, February 8th. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $36.00 target price on shares of Paymentus in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $35.50.

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.

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