Paymentus (PAY) to Release Quarterly Earnings on Monday

Paymentus (NYSE:PAY - Get Free Report) is expected to be releasing its earnings data after the market closes on Monday, March 10th. Analysts expect Paymentus to post earnings of $0.12 per share and revenue of $222.06 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Paymentus Stock Down 1.1 %

Shares of Paymentus stock traded down $0.28 during trading on Thursday, hitting $25.72. 105,060 shares of the stock traded hands, compared to its average volume of 315,142. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 82.88 and a beta of 1.69. Paymentus has a 52 week low of $16.94 and a 52 week high of $38.94. The firm's fifty day moving average is $30.89 and its 200-day moving average is $28.35.

Wall Street Analysts Forecast Growth

PAY has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on shares of Paymentus from $25.00 to $36.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Wells Fargo & Company boosted their price target on Paymentus from $27.00 to $33.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. The Goldman Sachs Group increased their price objective on Paymentus from $23.50 to $33.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Canaccord Genuity Group cut Paymentus from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Wedbush started coverage on Paymentus in a report on Monday, February 3rd. They set an "outperform" rating for the company. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $30.00.

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Insiders Place Their Bets

In other news, General Counsel Andrew A. Gerber sold 3,070 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $31.98, for a total value of $98,178.60. Following the sale, the general counsel now directly owns 94,855 shares of the company's stock, valued at $3,033,462.90. The trade was a 3.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sanjay Kalra sold 15,794 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $31.99, for a total value of $505,250.06. Following the transaction, the chief financial officer now directly owns 466,035 shares of the company's stock, valued at approximately $14,908,459.65. This trade represents a 3.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 87.76% of the company's stock.

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.