Paymentus Holdings, Inc. (NYSE:PAY – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Report on Paymentus
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.
Recommended Stories
- Five stocks we like better than Paymentus
- Comparing and Trading High PE Ratio Stocks
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- 3 Best Fintech Stocks for a Portfolio Boost
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- 10 Best Airline Stocks to Buy
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for Paymentus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paymentus and related companies with MarketBeat.com's FREE daily email newsletter.