Paymentus (NYSE:PAY) Stock Price Down 5% - Here's Why

Key Points

• Paymentus Holdings, Inc. saw its stock decline by 5%, dropping to a last traded price of $33.41, with trading volume down by 62% from its average.
• Analysts have set price targets for Paymentus, with a consensus target of $37.00 and ratings indicating a "Moderate Buy."
• The company reported significant quarterly growth, with a 41.9% increase in revenue year-over-year, beating revenue estimates by $17.30 million.

Paymentus Holdings, Inc. (NYSE:PAY - Get Free Report) fell 5% on Thursday . The stock traded as low as $33.73 and last traded at $33.41. 222,486 shares changed hands during trading, a decline of 62% from the average session volume of 589,943 shares. The stock had previously closed at $35.17.

Analysts Set New Price Targets

Several brokerages recently weighed in on PAY. Wolfe Research upgraded shares of Paymentus from a "peer perform" rating to an "outperform" rating in a research report on Tuesday, July 22nd. Robert W. Baird boosted their price target on Paymentus from $36.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Wall Street Zen raised shares of Paymentus from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Finally, Raymond James Financial set a $38.00 price objective on shares of Paymentus and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.00.

Paymentus Price Performance

The stock has a market cap of $4.08 billion, a PE ratio of 76.06 and a beta of 1.58. The stock's fifty day moving average is $33.33 and its 200-day moving average is $32.19.

Paymentus (NYSE:PAY - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The business services provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Paymentus had a net margin of 5.37% and a return on equity of 12.63%. The business had revenue of $280.08 million during the quarter, compared to analyst estimates of $262.78 million. During the same quarter last year, the firm posted $0.12 earnings per share. The business'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. On average, sell-side analysts expect that Paymentus Holdings, Inc. will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Paymentus

Several hedge funds have recently added to or reduced their stakes in PAY. Wasatch Advisors LP acquired a new stake in shares of Paymentus during the 2nd quarter worth about $49,582,000. Driehaus Capital Management LLC raised its holdings in Paymentus by 152.3% in the first quarter. Driehaus Capital Management LLC now owns 1,897,552 shares of the business services provider's stock valued at $49,526,000 after buying an additional 1,145,557 shares during the period. Invesco Ltd. raised its stake in shares of Paymentus by 66.9% during the second quarter. Invesco Ltd. now owns 1,755,271 shares of the business services provider's stock valued at $57,485,000 after purchasing an additional 703,607 shares during the period. TimesSquare Capital Management LLC raised its stake in shares of Paymentus by 63,516.9% during the first quarter. TimesSquare Capital Management LLC now owns 675,612 shares of the business services provider's stock valued at $17,633,000 after purchasing an additional 674,550 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Paymentus by 30.7% during the first quarter. Vanguard Group Inc. now owns 2,347,870 shares of the business services provider's stock worth $61,279,000 after buying an additional 551,211 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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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