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

UBS Group AG lifted its stake in shares of Paymentus Holdings, Inc. (NYSE:PAY) by 74.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 165,887 shares of the business services provider’s stock after buying an additional 70,652 shares during the quarter. UBS Group AG’s holdings in Paymentus were worth $5,240,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Lisanti Capital Growth LLC acquired a new stake in shares of Paymentus during the third quarter worth approximately $3,708,000. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Paymentus during the third quarter worth approximately $4,461,000. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new stake in shares of Paymentus during the third quarter worth approximately $6,427,000. Granite Investment Partners LLC acquired a new stake in shares of Paymentus during the third quarter worth approximately $8,155,000. Finally, Capital International Investors grew its position in shares of Paymentus by 17.6% during the third quarter. Capital International Investors now owns 7,180,653 shares of the business services provider’s stock worth $219,728,000 after buying an additional 1,072,387 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on PAY shares. Robert W. Baird raised their price target 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. Wall Street Zen raised shares of Paymentus from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Wedbush lifted their price objective on shares of Paymentus from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $36.00 price objective on shares of Paymentus in a report on Friday, March 6th. Finally, The Goldman Sachs Group decreased their price objective on shares of Paymentus from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.20.

Paymentus Price Performance

Paymentus stock opened at $23.50 on Friday. The company has a market cap of $2.96 billion, a PE ratio of 41.22 and a beta of 1.40. The company has a fifty day moving average price of $25.83 and a two-hundred day moving average price of $28.59. Paymentus Holdings, Inc. has a 12 month low of $22.02 and a 12 month high of $40.02.

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

Paymentus Company 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.