PAY - Why Paymentus Stock Is Higher Today | Benzinga
Paymentus Holdings, Inc. (NYSE:PAY) shares are trading higher Tuesday after the company posted better-than-expected fourth-quarter financial results.
The Details:
The company reported quarterly earnings of 11 cents per share, which beat the analyst consensus estimate of 7 cents per share Monday after the bell.
Quarterly sales clocked in at $164.8 million which beat the analyst consensus estimate of $157.416 million and is a 24.68% increase over last year. The company processed 124.8 million transactions in the quarter, up 28.4% from last year.
Goldman Sachs maintained its Neutral rating on the stock and raised its price target from $18 to $20 following the print. The firm highlighted the company’s expansion into larger billers and increased ...