Paymentus (NYSE:PAY) Stock Price Down 5% - What's Next?

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)'s share price was down 5% during trading on Thursday . The company traded as low as $33.73 and last traded at $33.41. Approximately 222,486 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 589,943 shares. The stock had previously closed at $35.17.

Wall Street Analysts Forecast Growth

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

Paymentus Stock Up 2.8%

The stock has a 50-day moving average of $33.40 and a 200 day moving average of $32.37. The stock has a market cap of $4.14 billion, a PE ratio of 76.91 and a beta of 1.58.

Paymentus (NYSE:PAY - Get Free Report) last issued its earnings results on Monday, August 4th. The business services provider reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The firm had revenue of $280.08 million for the quarter, compared to analyst estimates of $262.78 million. Paymentus had a return on equity of 12.63% and a net margin of 5.37%.Paymentus's revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that Paymentus Holdings, Inc. will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Paymentus

A number of large investors have recently bought and sold shares of PAY. Park Square Financial Group LLC purchased a new stake in Paymentus in the 4th quarter worth approximately $32,000. AlphaQuest LLC boosted its position in Paymentus by 152,600.0% in the 1st quarter. AlphaQuest LLC now owns 1,527 shares of the business services provider's stock worth $40,000 after purchasing an additional 1,526 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Paymentus in the 1st quarter worth approximately $47,000. Mirae Asset Global Investments Co. Ltd. boosted its position 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 purchasing an additional 1,990 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in Paymentus in the 4th quarter worth approximately $73,000. 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.