Paymentus (NYSE:PAY) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Paymentus (NYSE:PAY - Get Free Report) released its quarterly earnings results on Monday. The business services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02, Briefing.com reports. The business had revenue of $257.88 million for the quarter, compared to analysts' expectations of $222.06 million. Paymentus had a net margin of 5.19% and a return on equity of 10.84%. The firm's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. Paymentus updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Paymentus Price Performance

Paymentus stock traded up $0.32 during mid-day trading on Friday, reaching $29.54. The stock had a trading volume of 183,600 shares, compared to its average volume of 319,529. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 95.64 and a beta of 1.68. The company has a 50-day moving average price of $30.11 and a two-hundred day moving average price of $28.50. Paymentus has a one year low of $16.94 and a one year high of $38.94.

Wall Street Analyst Weigh In

PAY has been the topic of a number of research reports. Wedbush restated an "outperform" rating and set a $38.00 target price on shares of Paymentus in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Paymentus from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday. StockNews.com cut shares of Paymentus from a "hold" rating to a "sell" rating in a report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Paymentus from $23.50 to $33.00 and gave the company a "neutral" rating in a report on Friday, November 15th. Finally, Wells Fargo & Company boosted their target price on shares of Paymentus from $27.00 to $33.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $31.83.

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Insider Buying and Selling

In other Paymentus news, CFO Sanjay Kalra sold 15,794 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $31.99, for a total value of $505,250.06. Following the completion of the transaction, the chief financial officer now owns 466,035 shares of the company's stock, valued at approximately $14,908,459.65. The trade was a 3.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Andrew A. Gerber sold 3,070 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $31.98, for a total value of $98,178.60. Following the completion of the transaction, the general counsel now directly owns 94,855 shares of the company's stock, valued at approximately $3,033,462.90. This trade represents a 3.14 % decrease in their position. The disclosure for this sale can be found here. 87.76% of the stock is currently owned by company insiders.

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.