Paymentus Holdings, Inc. (NYSE:PAY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Paymentus Holdings, Inc. (NYSE:PAY) have received an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $20.19.

PAY has been the subject of several research analyst reports. Baird R W raised shares of Paymentus from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Canaccord Genuity Group raised shares of Paymentus to a “strong-buy” rating in a research report on Monday, July 8th. JPMorgan Chase & Co. lifted their price target on shares of Paymentus from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Robert W. Baird lifted their price target on shares of Paymentus from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, August 15th. Finally, StockNews.com upgraded Paymentus from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd.

Paymentus Price Performance

Shares of Paymentus stock opened at $21.92 on Monday. Paymentus has a 1 year low of $14.17 and a 1 year high of $25.21. The firm’s 50-day moving average is $21.33 and its two-hundred day moving average is $20.53. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 95.30 and a beta of 1.47.

Paymentus (NYSE:PAY) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $197.42 million during the quarter, compared to analyst estimates of $180.57 million. Paymentus had a net margin of 4.63% and a return on equity of 9.33%. The company’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, equities analysts expect that Paymentus will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in Paymentus in the 1st quarter valued at about $1,053,000. ClariVest Asset Management LLC raised its holdings in Paymentus by 128,017.4% in the 1st quarter. ClariVest Asset Management LLC now owns 58,934 shares of the business services provider’s stock valued at $1,341,000 after buying an additional 58,888 shares during the period. Quadrature Capital Ltd purchased a new stake in Paymentus in the 4th quarter valued at about $537,000. CenterBook Partners LP purchased a new stake in Paymentus in the 4th quarter valued at about $1,465,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Paymentus in the 4th quarter valued at about $283,000. Hedge funds and other institutional investors own 12.55% 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.