Fintel reports that on October 13, 2023, Goldman Sachs maintained coverage of Paymentus Holdings Inc - (NYSE:PAY) with a Neutral recommendation.
Analyst Price Forecast Suggests 10.66% Downside
As of October 5, 2023, the average one-year price target for Paymentus Holdings Inc - is 14.13. The forecasts range from a low of 11.11 to a high of $18.90. The average price target represents a decrease of 10.66% from its latest reported closing price of 15.82.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Paymentus Holdings Inc - is 623MM, an increase of 11.66%. The projected annual non-GAAP EPS is 0.07.
What is the Fund Sentiment?
There are 109 funds or institutions reporting positions in Paymentus Holdings Inc -. This is a decrease of 2 owner(s) or 1.80% in the last quarter. Average portfolio weight of all funds dedicated to PAY is 0.06%, a decrease of 13.34%. Total shares owned by institutions decreased in the last three months by 1.06% to 22,734K shares. 
The put/call ratio of PAY is 0.24, indicating a bullish outlook.
What are Other Shareholders Doing?
Franklin Resources holds 3,352K shares representing 2.71% ownership of the company. In it's prior filing, the firm reported owning 3,345K shares, representing an increase of 0.22%. The firm increased its portfolio allocation in PAY by 410.22% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 3,224K shares representing 2.61% ownership of the company. No change in the last quarter.
Capital International Investors holds 3,224K shares representing 2.61% ownership of the company. No change in the last quarter.
Akkr Management Company holds 2,381K shares representing 1.93% ownership of the company. No change in the last quarter.
FSGRX - Franklin Small Cap Growth Fund holds 2,195K shares representing 1.78% ownership of the company. No change in the last quarter.
Paymentus Holdings Background Information
(This description is provided by the company.)
Paymentus Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, develops cloud-based bill payment technology and solutions. Paymentus Holdings serves customers worldwide.
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