Adams Street Partners LLC Has $7.06 Million Position in Paymentus Holdings, Inc. $PAY

Adams Street Partners LLC increased its stake in Paymentus Holdings, Inc. (NYSE:PAY) by 140.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,506 shares of the business services provider’s stock after acquiring an additional 130,416 shares during the quarter. Paymentus accounts for approximately 2.7% of Adams Street Partners LLC’s portfolio, making the stock its 4th largest position. Adams Street Partners LLC’s holdings in Paymentus were worth $7,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Granite Investment Partners LLC bought a new position in Paymentus in the third quarter worth $8,155,000. Capital International Investors lifted its stake in shares of Paymentus by 17.6% in the 3rd quarter. Capital International Investors now owns 7,180,653 shares of the business services provider’s stock worth $219,728,000 after purchasing an additional 1,072,387 shares during the period. Vanguard Group Inc. grew its position in Paymentus by 33.0% during the third quarter. Vanguard Group Inc. now owns 3,638,609 shares of the business services provider’s stock valued at $111,341,000 after buying an additional 903,627 shares during the period. Comerica Bank grew its position in 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 period. Finally, B. Metzler seel. Sohn & Co. AG grew its position in Paymentus by 140.0% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 78,328 shares of the business services provider’s stock valued at $2,474,000 after buying an additional 45,687 shares during the period. 78.38% of the stock is owned by institutional investors.

Paymentus Trading Up 2.2%

Shares of PAY stock opened at $21.15 on Friday. Paymentus Holdings, Inc. has a twelve month low of $20.33 and a twelve month high of $39.38. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 37.11 and a beta of 1.33. The stock has a fifty day simple moving average of $24.98 and a two-hundred day simple moving average of $27.14.

Paymentus (NYSE:PAY) last released its quarterly earnings results 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 company had revenue of $358.44 million during 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 firm’s revenue was up 30.2% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share. Research analysts predict that Paymentus Holdings, Inc. will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

PAY has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on Paymentus from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Raymond James Financial reissued a “strong-buy” rating and issued a $36.00 price target on shares of Paymentus in a report on Friday, March 6th. The Goldman Sachs Group lowered their price target on Paymentus from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. Wedbush lifted their price objective on Paymentus from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings downgraded Paymentus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.20.

About Paymentus

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.