Jupiter Asset Management Ltd. Makes New $3.20 Million Investment in Paymentus Holdings, Inc. $PAY

Jupiter Asset Management Ltd. purchased a new position in shares of Paymentus Holdings, Inc. (NYSE:PAY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 97,583 shares of the business services provider's stock, valued at approximately $3,196,000. Jupiter Asset Management Ltd. owned approximately 0.08% of Paymentus at the end of the most recent quarter.3 Explosive Tech Stocks Breaking Out Right Now Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Paymentus by 30.7% in the 1st quarter. Vanguard Group Inc. now owns 2,347,870 shares of the business services provider's stock valued at $61,279,000 after buying an additional 551,211 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in shares of Paymentus by 152.3% during the first quarter. Driehaus Capital Management LLC now owns 1,897,552 shares of the business services provider's stock valued at $49,526,000 after acquiring an additional 1,145,557 shares during the last quarter. Next Century Growth Investors LLC raised its holdings in shares of Paymentus by 5.4% during the first quarter. Next Century Growth Investors LLC now owns 1,356,980 shares of the business services provider's stock valued at $35,417,000 after acquiring an additional 69,156 shares during the last quarter. Invesco Ltd. lifted its position in shares of Paymentus by 81.5% in the first quarter. Invesco Ltd. now owns 1,051,664 shares of the business services provider's stock valued at $27,448,000 after acquiring an additional 472,205 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Paymentus by 7.7% in the first quarter. Lord Abbett & CO. LLC now owns 619,820 shares of the business services provider's stock worth $16,177,000 after acquiring an additional 44,264 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock. Analysts Set New Price TargetsSeveral research analysts recently commented on PAY shares. Weiss Ratings reissued a "hold (c)" rating on shares of Paymentus in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Paymentus from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. Wolfe Research upgraded shares of Paymentus from a "peer perform" rating to an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Raymond James Financial set a $38.00 price target on shares of Paymentus and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $37.00.PayPal’s User Decline Won’t Stop Its Double-Digit UpsideCheck Out Our Latest Stock Report on PaymentusPaymentus Price PerformanceShares of PAY stock opened at $37.47 on Friday. The firm's 50-day moving average is $32.48 and its two-hundred day moving average is $33.70. Paymentus Holdings, Inc. has a 12 month low of $22.65 and a 12 month high of $40.43. The company has a market capitalization of $4.69 billion, a PE ratio of 81.45 and a beta of 1.50. Paymentus Company Profile (Free Report)MarketBeat Week in Review – 3/4 – 3/8Paymentus 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 StoriesFive stocks we like better than PaymentusWhy Invest in 5G? How to Invest in 5G Stocks dLocal Falls Despite Blowout Q3 Results—What Investors Are MissingHow to Short Nasdaq: An Easy-to-Follow GuideOndas Holdings Signals a Rebound as Drone Demand Soars2 Rising CRM Platform Stocks That Can Surge Higher in 2025 Disney’s 2026 Outlook Brightens Under Iger's Magic TouchThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Paymentus Right Now?Before you consider Paymentus, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paymentus wasn't on the list.While Paymentus currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here