Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Makes New $6.43 Million Investment in Paymentus Holdings, Inc. $PAY

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group bought a new stake in Paymentus Holdings, Inc. (NYSE:PAY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 210,024 shares of the business services provider’s stock, valued at approximately $6,427,000. Paymentus comprises 3.8% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s investment portfolio, making the stock its 11th biggest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group owned about 0.17% of Paymentus as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PAY. Invesco Ltd. grew its holdings in Paymentus by 66.9% in the 2nd quarter. Invesco Ltd. now owns 1,755,271 shares of the business services provider’s stock valued at $57,485,000 after buying an additional 703,607 shares in the last quarter. Wasatch Advisors LP acquired a new stake in shares of Paymentus during the second quarter worth $49,582,000. TimesSquare Capital Management LLC boosted its position in shares of Paymentus by 15.7% in the second quarter. TimesSquare Capital Management LLC now owns 781,609 shares of the business services provider’s stock valued at $25,598,000 after acquiring an additional 105,997 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Paymentus by 275.8% in the first quarter. Goldman Sachs Group Inc. now owns 571,917 shares of the business services provider’s stock valued at $14,927,000 after acquiring an additional 419,736 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Paymentus by 83.9% during the second quarter. Qube Research & Technologies Ltd now owns 451,730 shares of the business services provider’s stock worth $14,794,000 after acquiring an additional 206,130 shares during the period. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wall Street Zen raised shares of Paymentus from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. boosted their price target on Paymentus from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Paymentus in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Paymentus Stock Performance

Shares of Paymentus stock traded down $0.39 during trading on Wednesday, reaching $29.06. 20,213 shares of the company’s stock were exchanged, compared to its average volume of 578,121. Paymentus Holdings, Inc. has a 1-year low of $22.65 and a 1-year high of $40.43. The company has a market cap of $3.64 billion, a P/E ratio of 63.25 and a beta of 1.49. The firm’s 50-day moving average price is $31.66 and its 200 day moving average price is $32.58.

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.