Paymentus Holdings, Inc. (NYSE:PAY) General Counsel Sells $105,107.60 in Stock

Paymentus Holdings, Inc. (NYSE:PAY) General Counsel Andrew A. Gerber sold 5,576 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $18.85, for a total value of $105,107.60. Following the completion of the transaction, the general counsel now directly owns 136,536 shares of the company’s stock, valued at approximately $2,573,703.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Paymentus Trading Down 0.2 %

PAY opened at $17.73 on Thursday. Paymentus Holdings, Inc. has a twelve month low of $9.60 and a twelve month high of $25.21. The firm has a market capitalization of $2.20 billion, a PE ratio of 77.09 and a beta of 1.47. The firm’s 50-day moving average price is $19.32 and its 200 day moving average price is $18.70.

Paymentus (NYSE:PAY) last issued its earnings results on Monday, May 6th. The business services provider reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Paymentus had a return on equity of 8.74% and a net margin of 4.43%. The business had revenue of $184.88 million for the quarter, compared to analysts’ expectations of $174.75 million. As a group, analysts predict that Paymentus Holdings, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup boosted their price objective on Paymentus from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. The Goldman Sachs Group boosted their price target on shares of Paymentus from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Monday, April 15th. Robert W. Baird increased their price objective on shares of Paymentus from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Raymond James cut shares of Paymentus from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Paymentus from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.06.

Institutional Trading of Paymentus

Several large investors have recently added to or reduced their stakes in PAY. Wakefield Asset Management LLLP acquired a new position in shares of Paymentus during the 4th quarter valued at about $875,000. Quadrature Capital Ltd purchased a new position in Paymentus during the fourth quarter worth about $537,000. Deutsche Bank AG acquired a new position in Paymentus in the 3rd quarter valued at about $11,806,000. CenterBook Partners LP purchased a new stake in shares of Paymentus in the 4th quarter valued at approximately $1,465,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Paymentus by 2,948.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,786 shares of the business services provider’s stock worth $86,000 after buying an additional 4,629 shares during the last quarter. 12.55% of the stock is currently owned by hedge funds and other institutional investors.

Paymentus Company Profile

Paymentus Holdings, Inc provides cloud-based bill payment technology and solutions in the United States and internationally. The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service technology platform.