Morgan Stanley Sticks to Its Hold Rating for Paya Holdings (PAYA)

In a report released today, James Faucette from Morgan Stanley maintained a Hold rating on Paya Holdings (PAYAResearch Report), with a price target of $5.50. The company’s shares closed last Wednesday at $5.51, close to its 52-week low of $4.84.

According to TipRanks.com, Faucette is a 5-star analyst with an average return of 12.9% and a 74.4% success rate. Faucette covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Automatic Data Processing, and TELUS International (CDA).

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Paya Holdings with a $8.63 average price target.

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Based on Paya Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $63.06 million and GAAP net loss of $2.96 million. In comparison, last year the company earned revenue of $51.82 million and had a net profit of $1.6 million.

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FinTech Acquisition Corp. III is a blank check company, which seeks to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in March 2017 and is headquartered in Philadelphia, PA.

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