Paymentus (NYSE:PAY) Director Sells $1,324,800.00 in Stock

Paymentus Holdings, Inc. (NYSE:PAY) Director Gary Trainor sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $33.12, for a total transaction of $1,324,800.00. Following the completion of the sale, the director directly owned 629,888 shares of the company’s stock, valued at approximately $20,861,890.56. This represents a 5.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Paymentus Stock Performance

NYSE:PAY opened at $34.13 on Friday. The stock’s fifty day moving average price is $25.52 and its two-hundred day moving average price is $25.84. Paymentus Holdings, Inc. has a 52-week low of $20.11 and a 52-week high of $39.38. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 59.88 and a beta of 1.31.

Paymentus (NYSE:PAY) last announced its quarterly earnings data on Monday, May 4th. The business services provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $358.44 million for the quarter, compared to analyst estimates of $335.45 million. Paymentus had a return on equity of 13.75% and a net margin of 5.78%.The business’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. On average, equities analysts predict that Paymentus Holdings, Inc. will post 0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Paymentus

Institutional investors and hedge funds have recently made changes to their positions in the company. KBC Group NV acquired a new stake in Paymentus during the 1st quarter worth $41,000. Blue Trust Inc. lifted its holdings in Paymentus by 186.8% during the fourth quarter. Blue Trust Inc. now owns 2,025 shares of the business services provider’s stock worth $64,000 after acquiring an additional 1,319 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Paymentus in the fourth quarter valued at about $80,000. Orange County Employees Retirement System acquired a new position in Paymentus in the fourth quarter valued at about $150,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Paymentus by 26.0% in the fourth quarter. Advisors Asset Management Inc. now owns 5,050 shares of the business services provider’s stock worth $160,000 after acquiring an additional 1,042 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

PAY has been the subject of a number of research reports. Robert W. Baird lowered Paymentus from an “outperform” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research report on Thursday. Weiss Ratings downgraded shares of Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Wedbush raised their target price on shares of Paymentus from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Paymentus has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

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.