PAY Stock Recent News

Does Paymentus (PAY) have what it takes to be a top stock pick for momentum investors? Let's find out.

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With stock market chatter and headlines being dominated by only a handful of soaring tech stocks these days, it's refreshing to come across something new but equally promising. Paymentus Holdings, Inc. NYSE: PAY is a $2.5 billion fintech company based in North Carolina whose shares IPO'd in 2021.

Paymentus (PAY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Here is how Paymentus (PAY) and RB Global (RBA) have performed compared to their sector so far this year.

Paymentus (PAY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Paymentus Holdings, Inc. (NYSE:PAY ) Q4 2023 Earnings Conference Call March 4, 2024 5:00 PM ET Company Participants David Hanover – Investor Relations Dushyant Sharma – Founder and Chief Executive Officer Sanjay Kalra – Chief Financial Officer Conference Call Participants Madison Suhr – Raymond James Dave Koning – Baird Will Nance – Goldman Sachs Darrin Peller – Wolfe research Andrew Bauch – Wells Fargo Tien-Tsin Huang – JPMorgan Rebecca Lu – Citi Operator Good day, and welcome to Fourth Quarter and Full Year 2023 Paymentus' Earnings Conference Call. This call is being recorded.

Paymentus (PAY) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.02 per share a year ago.

Property managers can now access Paymentus' electronic billing and payment solution through the Yardi Voyager platform. This ability follows Yardi's designation of Paymentus as a fully qualified Yardi Standard Interface Vendor, Paymentus said in a Tuesday (Jan. 16) press release.

Many stocks under $20 have been beaten down in recent years, due to the struggles that their issuing companies have undergone, the Street's overdone fears about interest rates and economic growth, or some combination of all of those factors. But with the economy staying strong and the Street becoming much less concerned about rates, many of these names are going to make big comebacks in the months and years ahead.