Paymentus (PAY) Expected to Announce Quarterly Earnings on Monday

Paymentus (NYSE:PAY) is expected to announce its earnings results after the market closes on Monday, March 10th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $222.06 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Paymentus Stock Performance

Shares of NYSE:PAY opened at $26.47 on Friday. Paymentus has a 52 week low of $16.94 and a 52 week high of $38.94. The company has a market capitalization of $3.30 billion, a PE ratio of 85.38 and a beta of 1.69. The company has a 50 day moving average price of $30.45 and a two-hundred day moving average price of $28.38.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Paymentus from $23.50 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Wedbush assumed coverage on shares of Paymentus in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Robert W. Baird increased their price objective on shares of Paymentus from $25.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group downgraded shares of Paymentus from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company increased their price objective on shares of Paymentus from $27.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Paymentus currently has an average rating of “Hold” and a consensus target price of $30.00.

Insider Buying and Selling

In other Paymentus news, General Counsel Andrew A. Gerber sold 3,070 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $31.98, for a total value of $98,178.60. Following the completion of the sale, the general counsel now owns 94,855 shares in the company, valued at $3,033,462.90. This trade represents a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sanjay Kalra sold 15,794 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $31.99, for a total transaction 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 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.

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.