Paymentus (NYSE:PAY) Releases Earnings Results, Beats Estimates By $0.04 EPS

Paymentus (NYSE:PAY) released its quarterly earnings data on Monday. The business services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04, FiscalAI reports. Paymentus had a return on equity of 15.26% and a net margin of 6.24%. The company had revenue of $372.18 million for the quarter, compared to the consensus estimate of $358.87 million.

Paymentus Price Performance

Shares of Paymentus stock traded up $2.26 during trading on Monday, hitting $35.08. The company’s stock had a trading volume of 1,885,028 shares, compared to its average volume of 907,274. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 53.15 and a beta of 1.34. Paymentus has a 52 week low of $20.11 and a 52 week high of $45.31. The stock has a 50-day moving average price of $33.73 and a two-hundred day moving average price of $28.81.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wolfe Research cut Paymentus from an “outperform” rating to a “peer perform” rating in a report on Tuesday, August 25th. Weiss Ratings lowered Paymentus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Yorkville Ives started coverage on Paymentus in a report on Tuesday, October 6th. They set an “outperform” rating and a $40.00 price target on the stock. Wall Street Zen lowered shares of Paymentus from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Robert W. Baird raised their price objective on shares of Paymentus from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.86.

Insider Buying and Selling at Paymentus

In other news, Director Gary Trainor sold 80,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $40.79, for a total value of $3,263,200.00. Following the completion of the sale, the director owned 509,888 shares of the company’s stock, valued at approximately $20,798,331.52. This represents a 13.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sanjay Kalra sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $41.21, for a total value of $1,030,250.00. Following the transaction, the chief financial officer owned 508,506 shares of the company’s stock, valued at $20,955,532.26. This trade represents a 4.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 107,909 shares of company stock valued at $4,410,537. 55.75% of the stock is owned by corporate insiders.

Paymentus Company Profile

Paymentus Holdings, Inc is a technology company that provides cloud-based bill payment and electronic billing solutions. Its platform enables organizations to present bills, collect payments and communicate with customers through digital channels, including web and mobile applications, text messaging, interactive voice response, payment kiosks and customer service representatives.

The company primarily serves billers in industries such as utilities, financial services, government, telecommunications, insurance and other recurring-payment sectors.