Paymentus (NYSE:PAY) Director Gary Trainor Sells 40,000 Shares of Stock

Paymentus Holdings, Inc. (NYSE:PAY) Director Gary Trainor sold 40,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was 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 owned 629,888 shares in the company, valued at approximately $20,861,890.56. This trade represents a 5.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Paymentus Stock Down 4.9%

Shares of PAY stock traded down $1.80 during trading hours on Thursday, hitting $34.90. 1,890,001 shares of the company’s stock traded hands, compared to its average volume of 889,554. The stock’s fifty day simple moving average is $25.30 and its two-hundred day simple moving average is $25.78. Paymentus Holdings, Inc. has a 12-month low of $20.11 and a 12-month high of $39.38. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 61.22 and a beta of 1.31.

Paymentus (NYSE:PAY) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $335.45 million. Paymentus had a return on equity of 13.75% and a net margin of 5.78%.The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. On average, equities analysts forecast that Paymentus Holdings, Inc. will post 0.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Paymentus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. AG raised its stake in shares of Paymentus by 140.0% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 78,328 shares of the business services provider’s stock worth $2,474,000 after purchasing an additional 45,687 shares during the last quarter. Comerica Bank boosted its position in shares of Paymentus by 11,320.8% during the fourth quarter. Comerica Bank now owns 40,544 shares of the business services provider’s stock valued at $1,281,000 after buying an additional 40,189 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Paymentus by 139.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 94,536 shares of the business services provider’s stock valued at $2,986,000 after buying an additional 55,005 shares during the last quarter. Pictet Asset Management Holding SA bought a new stake in Paymentus in the 4th quarter worth about $1,037,000. Finally, UBS Group AG increased its holdings in Paymentus by 74.2% in the 4th quarter. UBS Group AG now owns 165,887 shares of the business services provider’s stock worth $5,240,000 after buying an additional 70,652 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Robert W. Baird cut Paymentus from an “outperform” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research note on Thursday. Wedbush lifted their price target on Paymentus from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings cut shares of Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.