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Weiss Ratings Reiterates Hold (C) Rating for Paymentus (NYSE:PAY)

Paymentus logo with Business Services background

Key Points

  • Weiss Ratings has reiterated a "hold (C)" rating for Paymentus (NYSE:PAY), indicating that while the stock is stable, it may not be an ideal investment for aggressive growth.
  • Analysts vary in their ratings, with Wolfe Research upgrading Paymentus to "outperform" and Wall Street Zen raising its rating from "hold" to "buy," suggesting a divergence of opinions among investors.
  • Paymentus reported a 41.9% revenue increase year-over-year, with a quarterly earnings per share (EPS) of $0.15, exceeding analyst expectations, reflecting strong financial performance.
  • Five stocks to consider instead of Paymentus.

Paymentus (NYSE:PAY - Get Free Report)'s stock had its "hold (c)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

PAY has been the subject of several other reports. Wolfe Research upgraded Paymentus from a "peer perform" rating to an "outperform" rating in a research report on Tuesday, July 22nd. Raymond James Financial set a $38.00 target price on Paymentus and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen raised Paymentus from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.00.

Get Our Latest Research Report on PAY

Paymentus Stock Up 0.6%

Shares of Paymentus stock opened at $32.15 on Wednesday. The stock's fifty day moving average is $34.49 and its two-hundred day moving average is $32.87. The company has a market capitalization of $4.03 billion, a PE ratio of 74.76 and a beta of 1.51. Paymentus has a 52 week low of $20.90 and a 52 week high of $40.43.

Paymentus (NYSE:PAY - Get Free Report) last posted its quarterly 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 for 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 business's revenue was up 41.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts anticipate that Paymentus will post 0.39 earnings per share for the current year.

Institutional Trading of Paymentus

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Paymentus by 30.7% in the 1st quarter. Vanguard Group Inc. now owns 2,347,870 shares of the business services provider's stock valued at $61,279,000 after buying an additional 551,211 shares during the period. Driehaus Capital Management LLC raised its holdings in Paymentus by 152.3% during the first quarter. Driehaus Capital Management LLC now owns 1,897,552 shares of the business services provider's stock worth $49,526,000 after purchasing an additional 1,145,557 shares during the last quarter. Invesco Ltd. raised its holdings in Paymentus by 66.9% during the second quarter. Invesco Ltd. now owns 1,755,271 shares of the business services provider's stock worth $57,485,000 after purchasing an additional 703,607 shares during the last quarter. Wasatch Advisors LP acquired a new position in Paymentus during the second quarter worth $49,582,000. Finally, Next Century Growth Investors LLC raised its holdings in Paymentus by 5.4% during the first quarter. Next Century Growth Investors LLC now owns 1,356,980 shares of the business services provider's stock worth $35,417,000 after purchasing an additional 69,156 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Paymentus Company Profile

(Get Free Report)

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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Analyst Recommendations for Paymentus (NYSE:PAY)

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