Paymentus Holdings, Inc. $PAY Shares Bought by UBS Group AG

UBS Group AG boosted its position in shares of Paymentus Holdings, Inc. (NYSE:PAY) by 74.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,887 shares of the business services provider’s stock after acquiring an additional 70,652 shares during the period. UBS Group AG owned about 0.13% of Paymentus worth $5,240,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. raised its position in Paymentus by 0.7% in the 2nd quarter. Raymond James Financial Inc. now owns 55,991 shares of the business services provider’s stock valued at $1,834,000 after purchasing an additional 413 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Paymentus by 1.6% in the 3rd quarter. GSA Capital Partners LLP now owns 40,554 shares of the business services provider’s stock valued at $1,241,000 after purchasing an additional 632 shares in the last quarter. Hamilton Lane Advisors LLC grew its stake in Paymentus by 7.8% in the 4th quarter. Hamilton Lane Advisors LLC now owns 9,303 shares of the business services provider’s stock valued at $294,000 after acquiring an additional 676 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 valued at $425,000 after acquiring an additional 683 shares during the last quarter. Finally, Palisades Investment Partners LLC grew its stake in Paymentus by 0.5% in the 3rd quarter. Palisades Investment Partners LLC now owns 195,998 shares of the business services provider’s stock valued at $5,998,000 after acquiring an additional 962 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Paymentus Stock Down 3.8%

PAY opened at $23.50 on Friday. The firm has a market capitalization of $2.96 billion, a P/E ratio of 41.22 and a beta of 1.40. The firm’s 50 day moving average is $25.83 and its 200-day moving average is $28.59. Paymentus Holdings, Inc. has a 52-week low of $22.02 and a 52-week high of $40.02.

Paymentus (NYSE:PAY) last posted its quarterly earnings data on Monday, May 4th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $358.44 million for the quarter, compared to analyst estimates of $335.45 million. Paymentus had a net margin of 5.78% and a return on equity of 13.75%. The business’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. Equities analysts expect that Paymentus Holdings, Inc. will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on PAY. The Goldman Sachs Group decreased their price target on shares of Paymentus from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Wall Street Zen raised shares of Paymentus from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Robert W. Baird raised their target price on shares of Paymentus from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Raymond James Financial reissued a “strong-buy” rating and issued a $36.00 target price on shares of Paymentus in a research report on Friday, March 6th. Finally, Wedbush raised their target price on shares of Paymentus from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.20.

Paymentus Profile

Paymentus is a U.S.-based financial technology company that specializes in cloud-native bill payment and presentment solutions. Its platform enables businesses and government entities to manage the entire payment lifecycle, from electronic bill presentment and real-time payment processing to reconciliation and reporting. Through web portals, mobile applications, interactive voice response (IVR) systems and in-person channels, Paymentus helps clients streamline accounts receivable operations, enhance customer engagement and reduce operational costs.

Founded in 2004 and headquartered in Wilmington, Delaware, Paymentus has built a modular suite of services that can be tailored to the needs of various industries.