Handelsbanken Fonder AB Buys 921,221 Shares of Paya Holdings Inc. (NASDAQ:PAYA)

Handelsbanken Fonder AB raised its holdings in Paya Holdings Inc. (NASDAQ:PAYA) by 72.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,200,000 shares of the company’s stock after acquiring an additional 921,221 shares during the quarter. Handelsbanken Fonder AB owned approximately 1.73% of Paya worth $23,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Solstein Capital LLC bought a new position in shares of Paya during the 2nd quarter worth $176,000. JPMorgan Chase & Co. lifted its stake in shares of Paya by 400.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 58,404 shares of the company’s stock worth $644,000 after purchasing an additional 46,724 shares during the last quarter. California State Teachers Retirement System purchased a new stake in Paya in the second quarter valued at about $1,249,000. The Manufacturers Life Insurance Company raised its stake in Paya by 46.5% in the second quarter. The Manufacturers Life Insurance Company now owns 266,741 shares of the company’s stock valued at $2,939,000 after buying an additional 84,629 shares during the last quarter. Finally, Premier Asset Management LLC purchased a new stake in Paya in the second quarter valued at about $301,000. 98.10% of the stock is currently owned by institutional investors.

Shares of PAYA opened at $6.19 on Friday. Paya Holdings Inc. has a 12 month low of $5.83 and a 12 month high of $14.29. The stock’s 50 day moving average is $6.92 and its two-hundred day moving average is $9.30.

Paya (NASDAQ:PAYA) last issued its quarterly earnings data on Friday, November 5th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The business had revenue of $63.10 million during the quarter, compared to the consensus estimate of $63.68 million. Research analysts anticipate that Paya Holdings Inc. will post 0.31 earnings per share for the current year.

A number of brokerages have recently weighed in on PAYA. BTIG Research cut their price objective on Paya from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 5th. They noted that the move was a valuation call. Tigress Financial began coverage on Paya in a report on Friday, November 19th. They issued a “buy” rating and a $15.00 price objective on the stock. Zacks Investment Research lowered Paya from a “hold” rating to a “sell” rating in a report on Wednesday, November 10th. Finally, Raymond James dropped their target price on Paya from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Monday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $13.70.

Paya Company Profile

Paya Holdings Inc, through its subsidiaries, provides integrated payment and commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiency. The company through two segments, Integrated Solutions and Payment Services. It processes payments through credit and debit card, ACH, and check payment processing solutions.

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Institutional Ownership by Quarter for Paya (NASDAQ:PAYA)

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