Paymentus (PAY) to Release Earnings on Monday

Key Points

• Paymentus (PAY) is scheduled to release its Q2 2025 earnings results on Monday, August 4th, with analysts predicting earnings of $0.14 per share and revenue of $262.78 million.
• Insider trading activity has been notable, with Director William Ingram selling 11,409 shares at an average price of $38.01, reducing his position by 13.36%.
• Institutional investors hold a significant share of Paymentus, with 78.38% ownership, highlighting increasing interest among hedge funds such as Goldman Sachs, which increased its holdings by 275.8% this quarter.

Paymentus (NYSE:PAY - Get Free Report) is expected to be releasing its Q2 2025 earnings data after the market closes on Monday, August 4th. Analysts expect Paymentus to post earnings of $0.14 per share and revenue of $262.78 million for the quarter.

Paymentus Stock Up 0.3%

NYSE:PAY traded up $0.09 during trading hours on Thursday, reaching $27.90. 308,852 shares of the company's stock were exchanged, compared to its average volume of 532,879. The company has a market capitalization of $3.49 billion, a P/E ratio of 71.54 and a beta of 1.56. Paymentus has a 12 month low of $17.70 and a 12 month high of $40.43. The business's 50-day simple moving average is $32.86 and its two-hundred day simple moving average is $31.18.

Insider Activity at Paymentus

In other news, Director William Ingram sold 11,409 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $38.01, for a total transaction of $433,656.09. Following the completion of the transaction, the director directly owned 73,963 shares in the company, valued at $2,811,333.63. The trade was a 13.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 75.43% of the stock is currently owned by company insiders.

Institutional Trading of Paymentus

Several hedge funds and other institutional investors have recently bought and sold shares of PAY. Goldman Sachs Group Inc. grew its position in Paymentus by 275.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 571,917 shares of the business services provider's stock worth $14,927,000 after purchasing an additional 419,736 shares during the last quarter. Royal Bank of Canada grew its position in Paymentus by 26.8% in the 1st quarter. Royal Bank of Canada now owns 183,144 shares of the business services provider's stock worth $4,780,000 after purchasing an additional 38,731 shares during the last quarter. Millennium Management LLC grew its position in Paymentus by 4.2% in the 1st quarter. Millennium Management LLC now owns 243,860 shares of the business services provider's stock worth $6,365,000 after purchasing an additional 9,890 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Paymentus by 4.4% in 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 purchasing an additional 683 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PAY. JPMorgan Chase & Co. raised their target price on shares of Paymentus from $29.00 to $35.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Wedbush set a $40.00 price target on shares of Paymentus and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Wall Street Zen upgraded shares of Paymentus from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Robert W. Baird upped their price target on shares of Paymentus from $36.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company upped their price target on shares of Paymentus from $30.00 to $35.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Paymentus presently has an average rating of "Moderate Buy" and a consensus target price of $36.80.

About Paymentus

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.