Paymentus (PAY) Set to Announce Quarterly Earnings on Thursday

Paymentus (NYSE:PAY) will be announcing its earnings results after the market closes on Thursday, August 8th. Analysts expect Paymentus to post earnings of $0.09 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Paymentus (NYSE:PAY) last released its earnings results on Monday, May 6th. The business services provider reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Paymentus had a net margin of 4.43% and a return on equity of 8.74%. The company had revenue of $184.88 million for the quarter, compared to analysts’ expectations of $174.75 million. On average, analysts expect Paymentus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Paymentus Stock Performance

Shares of PAY stock opened at $18.82 on Wednesday. The stock has a fifty day simple moving average of $19.42 and a two-hundred day simple moving average of $19.18. Paymentus has a 52-week low of $10.51 and a 52-week high of $25.21. The firm has a market capitalization of $2.34 billion, a PE ratio of 81.83 and a beta of 1.47.

Analysts Set New Price Targets

PAY has been the topic of several recent analyst reports. Robert W. Baird raised Paymentus from a “neutral” rating to an “outperform” rating and set a $23.00 target price on the stock in a research note on Wednesday, July 10th. The Goldman Sachs Group boosted their target price on shares of Paymentus from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Monday, April 15th. StockNews.com upgraded shares of Paymentus from a “sell” rating to a “hold” rating in a report on Saturday. Baird R W raised shares of Paymentus from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group raised Paymentus to a “strong-buy” rating in a report on Monday, July 8th. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.06.

Insider Activity at Paymentus

In other news, General Counsel Andrew A. Gerber sold 1,575 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.81, for a total transaction of $29,625.75. Following the transaction, the general counsel now owns 142,112 shares of the company’s stock, valued at approximately $2,673,126.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, General Counsel Andrew A. Gerber sold 5,576 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $18.85, for a total transaction of $105,107.60. Following the transaction, the general counsel now owns 136,536 shares of the company’s stock, valued at $2,573,703.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Andrew A. Gerber sold 1,575 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.81, for a total value of $29,625.75. Following the completion of the sale, the general counsel now owns 142,112 shares in the company, valued at $2,673,126.72. The disclosure for this sale can be found here. 87.76% of the stock is owned by insiders.

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.