Paya Holdings Inc. (NASDAQ:PAYA) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in shares of Paya Holdings Inc. (NASDAQ:PAYA) by 72.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,200,000 shares of the company’s stock after purchasing an additional 921,221 shares during the period. Handelsbanken Fonder AB’s holdings in Paya were worth $23,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Psagot Investment House Ltd. lifted its holdings in Paya by 4.3% during the 2nd quarter. Psagot Investment House Ltd. now owns 49,539 shares of the company’s stock worth $546,000 after buying an additional 2,039 shares during the last quarter. XTX Topco Ltd lifted its holdings in Paya by 19.7% during the 2nd quarter. XTX Topco Ltd now owns 13,231 shares of the company’s stock worth $146,000 after buying an additional 2,179 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Paya by 23.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 13,300 shares of the company’s stock worth $146,000 after buying an additional 2,500 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Paya by 25.1% in the 2nd quarter. Penserra Capital Management LLC now owns 18,733 shares of the company’s stock valued at $206,000 after purchasing an additional 3,761 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Paya by 31.2% in the 3rd quarter. Principal Financial Group Inc. now owns 17,245 shares of the company’s stock valued at $187,000 after purchasing an additional 4,100 shares during the last quarter. 98.10% of the stock is owned by institutional investors.

PAYA opened at $6.19 on Friday. The business has a 50 day moving average price of $6.92 and a two-hundred day moving average price of $9.30. Paya Holdings Inc. has a 52 week low of $5.83 and a 52 week high of $14.29.

Paya (NASDAQ:PAYA) last posted its quarterly earnings data on Friday, November 5th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.07). The business had revenue of $63.10 million during the quarter, compared to analysts’ expectations of $63.68 million. On average, equities research analysts expect that Paya Holdings Inc. will post 0.31 earnings per share for the current fiscal year.

Several analysts have recently weighed in on PAYA shares. Tigress Financial started coverage on Paya in a report on Friday, November 19th. They issued a “buy” rating and a $15.00 target price for the company. Raymond James reduced their target price on Paya from $15.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, November 8th. BTIG Research reduced their target price on Paya from $18.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 5th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Paya from a “hold” rating to a “sell” rating in a report on Wednesday, November 10th. 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 stock. According to data from MarketBeat, Paya presently has an average rating of “Buy” and an average target price of $13.70.

Paya 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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Want to see what other hedge funds are holding PAYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paya Holdings Inc. (NASDAQ:PAYA).

Institutional Ownership by Quarter for Paya (NASDAQ:PAYA)

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