Paymentus (NYSE:PAY) Stock Price Down 4.1% - What's Next?

Key Points

• Paymentus Holdings, Inc. shares fell by 4.1% to $29.07, with a notable decrease in trading volume, down 34% from the average.
• Several analysts upgraded Paymentus ratings, with Wall Street Zen giving it a "buy" and Raymond James setting a target price of $38.00.
• The company reported a 41.9% increase in revenue year-over-year, achieving $280.08 million and exceeding analysts' expectations.

Paymentus Holdings, Inc. (NYSE:PAY - Get Free Report) shares dropped 4.1% on Monday . The stock traded as low as $29.30 and last traded at $29.07. Approximately 414,681 shares changed hands during trading, a decline of 34% from the average daily volume of 626,463 shares. The stock had previously closed at $30.30.

Analyst Ratings Changes

Several research firms have recently issued reports on PAY. Wall Street Zen upgraded shares of Paymentus from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Wolfe Research upgraded shares of Paymentus from a "peer perform" rating to an "outperform" rating in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Paymentus in a research note on Wednesday, October 8th. Finally, Raymond James Financial set a $38.00 target price on shares of Paymentus and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $37.00.

Paymentus Stock Performance

The company has a market capitalization of $3.63 billion, a P/E ratio of 67.37 and a beta of 1.51. The business has a 50 day moving average of $34.61 and a 200-day moving average of $32.99.

Paymentus (NYSE:PAY - Get Free Report) last released its quarterly earnings data 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. Paymentus had a return on equity of 12.63% and a net margin of 5.37%.The company had revenue of $280.08 million for the quarter, compared to analyst estimates of $262.78 million. During the same period in the previous year, the company posted $0.12 EPS. The firm's revenue for the quarter was up 41.9% compared to the same quarter last year. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that Paymentus Holdings, Inc. will post 0.39 EPS for the current fiscal year.

Institutional Trading of Paymentus

Several institutional investors and hedge funds have recently made changes to their positions in PAY. SG Americas Securities LLC raised its position in shares of Paymentus by 103.6% during the 1st quarter. SG Americas Securities LLC now owns 14,077 shares of the business services provider's stock valued at $367,000 after buying an additional 7,163 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new stake in shares of Paymentus during the 1st quarter valued at $282,000. Bessemer Group Inc. purchased a new stake in shares of Paymentus during the 1st quarter valued at $108,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 acquiring an additional 1,990 shares during the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in shares of Paymentus in the 1st quarter worth approximately $3,423,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

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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