Robert W. Baird Maintains a Buy Rating on Paymentus Holdings (PAY)

Robert W. Baird analyst David Koning maintained a Buy rating on Paymentus Holdings (PAYResearch Report) on December 22 and set a price target of $36.00. The company’s shares closed last Wednesday at $33.36.

According to TipRanks.com, Koning is a 5-star analyst with an average return of 13.3% and a 73.0% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Paymentus Holdings with a $35.50 average price target, an 8.8% upside from current levels. In a report issued on December 10, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $41.00 price target.

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Based on Paymentus Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $102 million and net profit of $422K. In comparison, last year the company earned revenue of $78.02 million and had a net profit of $2.61 million.

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Paymentus Holdings Inc is a provider of cloud-based bill payment technology and solutions. The platform provides billers with easy-to-use, flexible and secure electronic bill payment experiences powered by an omni-channel payment infrastructure that allows consumers to pay bills using their preferred payment type and channel.

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