1 week Ago By Defense World Staff
JPMorgan Chase & Co. grew its stake in Paymentus Holdings, Inc. ( NYSE:PAY – Free Report ) by 23.
8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 878,887 shares of the business services provider’s stock after acquiring an additional 169,237 shares during the quarter. JPMorgan Chase & Co.
owned about 0.71% of Paymentus worth $28,713,000 at the end of the most recent quarter. A number of other large investors have also made changes to their positions in PAY.
Victory Capital Management Inc. acquired a new position in Paymentus in the 4th quarter valued at about $215,000. Barclays PLC raised its position in shares of Paymentus by 1,569.
3% in the third quarter. Barclays PLC now owns 5,058 shares of the business services provider’s stock valued at $101,000 after buying an additional 4,755 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Paymentus by 2.
6% during the third quarter. Geode Capital Management LLC now owns 206,140 shares of the business services provider’s stock valued at $4,129,000 after buying an additional 5,127 shares during the period. FMR LLC boosted its position in Paymentus by 32,191.
6% during the third quarter. FMR LLC now owns 227,979 shares of the business services provider’s stock worth $4,564,000 after acquiring an additional 227,273 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in Paymentus in the 4th quarter worth approximately $963,000.
Institutional investors and hedge funds own 78.38% of the company’s stock. Wall Street Analysts Forecast Growth A number of research analysts have weighed in on the company.
JPMorgan Chase & Co. reduced their price target on Paymentus from $31.00 to $29.
00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. StockNews.com lowered Paymentus from a “hold” rating to a “sell” rating in a research note on Friday, April 4th.
Wells Fargo & Company lifted 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 set a $28.00 price objective on shares of Paymentus and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. Finally, Wedbush restated an “outperform” rating and issued a $38.
00 target price on shares of Paymentus in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.
com, Paymentus presently has a consensus rating of “Hold” and a consensus price target of $30.00. Insider Buying and Selling at Paymentus In other Paymentus news, 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 transaction of $98,178.
60. Following the transaction, the general counsel now owns 94,855 shares in the company, valued at $3,033,462.90.
The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink .
Also, CFO Sanjay Kalra sold 15,794 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $31.99, for a total value of $505,250.
06. Following the completion of the sale, the chief financial officer now 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 .
87.76% of the stock is currently owned by corporate insiders. Paymentus Stock Performance Shares of NYSE:PAY opened at $24.
51 on Wednesday. The stock has a 50-day simple moving average of $28.47 and a 200-day simple moving average of $29.
22. The stock has a market capitalization of $3.06 billion, a P/E ratio of 79.
07 and a beta of 1.65. Paymentus Holdings, Inc.
has a 1 year low of $16.94 and a 1 year high of $38.94.
About Paymentus ( Free Report ) 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. Recommended Stories Five stocks we like better than Paymentus Which Wall Street Analysts are the Most Accurate? Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential Overbought Stocks Explained: Should You Trade Them? Qualcomm Breaks Down But RSI Signals It’s Severely Oversold Pros And Cons Of Monthly Dividend Stocks Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy Want to see what other hedge funds are holding PAY? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Paymentus Holdings, Inc. ( NYSE:PAY – Free Report ). Receive News & Ratings for Paymentus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paymentus and related companies with MarketBeat.
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