PAY Stock Recent News

Paymentus (PAY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Paymentus Holdings, Inc. (“Paymentus”) (NYSE: PAY), a leading provider of cloud-based bill payment technology solutions, today announced that Dushyant Sharma, Chief Executive Officer, and Sanjay Kalra, Chief Financial Officer, are scheduled to participate in the following investor conferences: Raymond James TMT and Consumer Conference in New York on Tuesday, December 5th, where Mr. Sharma will participate in a fireside chat at 2:15 pm ET Wolfe Research 1st Annu.

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

Paymentus Holdings, Inc. (NYSE:PAY ) Q3 2023 Earnings Conference Call November 6, 2023 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 John Davis - Raymond James Dave Koning - Baird Will Nance - Goldman Sachs Rebecca Lu - Citigroup Matt O'Neill - FT Partners Operator Good day and welcome to Paymentus' Third Quarter 2023 Earnings Call. This call is being recorded.

Paymentus noted in its latest earnings report that its instant payments network is gaining more adherents as wholesale business-to-business (B2B), healthcare and other firms seek to transform bill pay operations.   Earnings materials showed that revenues were up 18.9% to $152.4 million.

Electronic billing platform provider Paymentus and real estate software solutions supplier MRI Software partnered to meet the growing demand for digital payment options. The collaboration aims to streamline rental property utility payments by expanding the utility billing and payment capabilities available to MRI clients, the companies said in a Monday (Oct. 23) press release.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Paymentus Holdings, Inc. (“Paymentus” or the “Company”) (NYSE: PAY), a leading provider of cloud-based bill payment technology solutions, will announce its third quarter 2023 financial results after the market close on Monday, November 6, 2023. The Company will discuss the results in a live webcast at 5 p.m. Eastern Time on November 6. Event: Paymentus Third Quarter 2023 Earnings Call Date: Monday, November 6, 2023 Time: 5:00 p.m. Eastern Time Live Call: +1 833.

INTR, LPSN, PAY, GPRK and ARHS have been added to the Zacks Rank #1 (Strong Buy) List on October 9, 2023.

Paymentus Holdings stock retreated 4% Thursday (Oct. 5) after being downgraded to Neutral by Citi analyst Ashwin Shirvaikar. This downgrade was primarily driven by the stock's substantial gains this year, which have reached 79% year-to-date, Seeking Alpha reported Thursday.

Paymentus (PAY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.