Wall Street Zen Downgrades Paymentus (NYSE:PAY) to Hold

Key Points

• Wall Street Zen has downgraded Paymentus (NYSE:PAY) from a "buy" rating to a "hold" rating, reflecting changing outlooks among analysts.
• Paymentus reported a 41.9% year-over-year increase in revenue, generating $280.08 million in the last quarter and exceeding analysts’ expectations.
• Analysts currently hold an average rating of "Hold" for Paymentus, with a consensus target price set at $37.00.

Paymentus (NYSE:PAY - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other equities analysts also recently weighed in on PAY. Raymond James Financial set a $38.00 price objective on Paymentus and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Wolfe Research raised Paymentus from a "peer perform" rating to an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Paymentus in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $37.00.

Paymentus Trading Up 1.4%

Shares of PAY stock opened at $31.21 on Friday. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 72.58 and a beta of 1.51. The stock has a 50 day simple moving average of $33.66 and a 200-day simple moving average of $33.17. Paymentus has a 12-month low of $22.65 and a 12-month high of $40.43.

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

Institutional Investors Weigh In On Paymentus

A number of large investors have recently bought and sold shares of PAY. AlphaQuest LLC grew its holdings in Paymentus by 152,600.0% during the 1st quarter. AlphaQuest LLC now owns 1,527 shares of the business services provider's stock valued at $40,000 after buying an additional 1,526 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Paymentus during the 1st quarter valued at $47,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Paymentus by 2,763.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,062 shares of the business services provider's stock valued at $54,000 after buying an additional 1,990 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Paymentus by 23.9% during the 1st quarter. Advisors Asset Management Inc. now owns 3,450 shares of the business services provider's stock valued at $90,000 after buying an additional 665 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Paymentus during the 1st quarter valued at $108,000. Institutional investors and hedge funds 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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