Wasatch Advisors Reduces $14M in Paymentus Holdings, Inc. ($PAY)
Key Points
- Wasatch Advisors changed its Paymentus Holdings, Inc. ($PAY) stake by 7.7% last quarter, cutting to 7,896,896 shares worth $163.62 million.
- Wall Street's consensus rating on $PAY is Buy and an average price target of $34.29.
- $PAY last traded around $20.72.
Wasatch Advisors trimmed its position in Paymentus Holdings, Inc. ($PAY) by 7.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,896,896 shares of Paymentus Holdings, Inc. after selling 656,269 shares during the quarter. Wasatch Advisors's holdings in Paymentus Holdings, Inc. were worth $163.62 million as of its most recent filing.
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About Paymentus Holdings, Inc.
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, secure, and omni channel technology platform. Its platform's payment processing includes credit cards, debit cards, echecks, and digital wallets. The company serves utility, financial services, insurance, telecommunication, real estate management, education, consumer finance, healthcare, and business to business industries, as well as governments and small businesses. Paymentus Holdings, Inc. was founded in 2004 and is headquartered in Charlotte, North Carolina.
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