Paymentus Holdings, Inc. (NYSE:PAY – Get Free Report) General Counsel Andrew A. Gerber sold 5,576 shares of Paymentus stock in a transaction on Friday, June 21st. The shares were sold at an average price of $18.85, for a total value of $105,107.60. Following the transaction, the general counsel now directly owns 136,536 shares of the company’s stock, valued at $2,573,703.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Paymentus Stock Performance
Shares of NYSE:PAY opened at $17.76 on Wednesday. Paymentus Holdings, Inc. has a twelve month low of $9.60 and a twelve month high of $25.21. The firm has a market cap of $2.21 billion, a PE ratio of 77.22 and a beta of 1.47. The business has a fifty day moving average of $19.35 and a 200-day moving average of $18.71.
Paymentus (NYSE:PAY – Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The business services provider reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $184.88 million during the quarter, compared to analyst estimates of $174.75 million. Paymentus had a return on equity of 8.74% and a net margin of 4.43%. On average, analysts anticipate that Paymentus Holdings, Inc. will post 0.29 EPS for the current fiscal year.
Institutional Trading of Paymentus
Wall Street Analyst Weigh In
A number of brokerages have issued reports on PAY. Wells Fargo & Company lifted their price objective on Paymentus from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, May 7th. Robert W. Baird lifted their price objective on Paymentus from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. The Goldman Sachs Group lifted their price objective on Paymentus from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Monday, April 15th. Citigroup raised their target price on Paymentus from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. raised their target price on Paymentus from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.06.
Read Our Latest Research Report on PAY
About Paymentus
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.
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