Paya (NASDAQ:PAYA – Get Rating) had its target price increased by Morgan Stanley from $7.00 to $9.75 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 0.62% from the stock’s previous close.
Several other brokerages have also issued reports on PAYA. Credit Suisse Group lowered Paya from an “outperform” rating to a “neutral” rating and set a $9.75 target price for the company. in a research report on Tuesday. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $9.75 price objective (down previously from $10.00) on shares of Paya in a research report on Tuesday. Raymond James downgraded shares of Paya from an “outperform” rating to a “market perform” rating in a research report on Monday. Northland Securities cut shares of Paya from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, BTIG Research lowered Paya from a “buy” rating to a “neutral” rating in a report on Monday. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Paya presently has a consensus rating of “Hold” and a consensus target price of $9.91.
Paya Stock Up 24.4 %
Paya stock opened at $9.69 on Tuesday. Paya has a fifty-two week low of $4.51 and a fifty-two week high of $9.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.11 and a current ratio of 2.11. The firm’s 50-day simple moving average is $8.20 and its 200 day simple moving average is $7.16. The stock has a market cap of $1.28 billion, a PE ratio of 161.53 and a beta of 0.29.
Paya (NASDAQ:PAYA – Get Rating) last announced its earnings results on Friday, November 4th. The company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $71.40 million for the quarter, compared to the consensus estimate of $70.16 million. Paya had a return on equity of 18.42% and a net margin of 2.60%. Research analysts predict that Paya will post 0.31 EPS for the current fiscal year.
Institutional Investors Weigh In On Paya
Several institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its stake in shares of Paya by 61.7% during the 1st quarter. Neuberger Berman Group LLC now owns 6,802,657 shares of the company’s stock valued at $39,862,000 after purchasing an additional 2,596,893 shares during the period. Wellington Management Group LLP increased its position in shares of Paya by 95.6% during the first quarter. Wellington Management Group LLP now owns 2,137,968 shares of the company’s stock valued at $12,430,000 after buying an additional 1,045,142 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Paya by 13.2% in the third quarter. Bank of New York Mellon Corp now owns 5,420,722 shares of the company’s stock worth $33,120,000 after buying an additional 633,454 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Paya by 5.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,382,054 shares of the company’s stock worth $68,210,000 after buying an additional 580,612 shares in the last quarter. Finally, Penn Capital Management Company LLC purchased a new position in Paya during the first quarter valued at approximately $2,573,000. Hedge funds and other institutional investors own 96.16% of the company’s stock.
Paya Company Profile
Paya Holdings Inc, through its subsidiaries, operates as an independent integrated payments platform. It operates through two segments, Integrated Solutions and Payment Services. The company processes payments through credit and debit card, automated clearing house, and check payments. It serves customers through distribution partners with focus on targeted verticals, such as B2B goods and services, healthcare, faith-based and non-profit, government and utilities, and education markets.
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