Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify which metrics are effective for assessing momentum in stocks [2] Group 2: Company Analysis - Paymentus (PAY) - Paymentus currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - Over the past week, shares of Paymentus have increased by 23.84%, while the Zacks Internet - Software and Services industry has decreased by 2.74% [7] - In the last month, Paymentus shares have risen by 43.8%, significantly outperforming the industry's 1.57% [7] - Over the past quarter, Paymentus shares have increased by 63.12%, and over the last year, they have risen by 126.8%, compared to the S&P 500's increases of 6.16% and 32.62%, respectively [8] Group 3: Trading Volume and Earnings Outlook - The average 20-day trading volume for Paymentus is 455,991 shares, which serves as a bullish indicator when combined with rising stock prices [9] - In terms of earnings outlook, there have been two upward revisions in earnings estimates for the current fiscal year, raising the consensus estimate from $0.42 to $0.49 [11] - For the next fiscal year, one estimate has increased, with no downward revisions noted [11] - Given these factors, Paymentus is positioned as a strong buy with a Momentum Score of B, making it a noteworthy investment option [12]

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Paymentus (PAY) , which belongs to the Zacks Internet - Software and Services industry, could be a great candidate to consider. This electronic bill payment services has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 29.17%. Fo ...

Paymentus (PAY) shares ended the last trading session 8.3% higher at $25.49. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.8% gain over the past four weeks. Paymentus is benefiting from strong demand for its advanced payment platform, and successful onboarding of large enterprise clients across various sectors. This electronic bill payment services is expected to post quarterly earnings of $0.10 per share in it ...

Stock Performance and Financials - Paymentus Holdings Inc experienced a significant stock price decrease of 5 00% currently trading at $19 78 per share with a volume of 99 361 shares and a turnover rate of 0 08% The price fluctuation amplitude is 4 80% [1] - The company achieved $197 million in revenue with a net profit of $9 36 million translating to an earnings per share of $0 08 The gross profit stood at $54 98 million and the price-to-earnings ratio is noted at 76 23 times [1] Institutional Ratings - Regarding institutional ratings 17% of the six participating brokerage firms recommend a buy while 83% suggest holding with no sell recommendations [2] Sector Performance - The software services sector where Paymentus operates saw an overall increase of 0 02% Prominent gainers in this sector include Agora Huichuan Securities and Banzai International Inc C/Wts 14/12/2028 (To Pur Com) [3] - Active stocks such as Microalgo Inc Treasure Global Inc and Agora had turnover rates of 185 67% 117 61% and 79 83% respectively Notable volatile stocks include Agora Banzai International Inc C/Wts 14/12/2028 (To Pur Com) and Wag Group Co C/Wts 30/07/2027 (To Pur Com) with amplitude fluctuations of 90 18% 72 84% and 55 42% respectively [3] Business Overview - Paymentus Holdings Inc specializes in providing secure electronic billing and payment services through its SaaS technology platform It caters to billing entities and financial institutions integrating with core financial and operational systems of billing companies [4] - The platform supports multiple payment channels including online mobile IVR call center chatbots and voice assistants facilitating transactions via credit cards debit cards checks and digital wallets The company's revenue is generated from transaction fees calculated as a percentage of the transaction value or as a specified fee per transaction [4]

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Paymentus (PAY) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question. Paymentus is one of 317 individual stocks in the Business Services sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank ga ...

Paymentus Holdings, Inc. (NYSE:PAY) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants David Hanover - Investor Relations Dushyant Sharma - Founder and CEO Sanjay Kalra - SVP and CFO Conference Call Participants David Koning - Baird Will Nance - Goldman Sachs Darrin Peller - Wolfe Research Andrew Bauch - Wells Fargo John Davis - Raymond James Andrew Polkowitz - JPMorgan Matthew O’Neill - FT Partners Operator Good day, and welcome to the Second Quarter 2024 Paymentus Earnings Con ...

Paymentus (PAY) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this electronic bill payment services would post earnings of $0.08 per share when it actually produced earnings of $0.10, delivering a surprise of 25%. Over the last four quarte ...

I am positive on Paymentus (NYSE:PAY). My summarized thesis is that PAY offers a solution that disrupts a large market, and with just less than 3% market share today, the growth runway is extremely long. The strong value proposition of a modern payment platform to billers and consumer demand for flexible payments should continue to drive adoption of PAY. PAY competes in a massive market that enables it to continue growing for a very long time. Based on Datos Insights (source: PAY investor presentation in Ap ...

Paymentus Holdings, Inc. (NYSE:PAY) Q1 2024 Earnings Conference Call May 6, 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 John Davis - Raymond James Dave Koning - Baird Darrin Peller - Wolfe Research Will Nance - Goldman Sachs Tien-Tsin Huang - JPMorgan Andrew Bauch - Wells Fargo Zachary Gunn - FT Partners Operator Good day, and welcome to First Quarter 2024 Pay ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The unaudited Q1 2024 financial statements show strong year-over-year growth in revenue, net income, and operating cash flow [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to $514.0 million by March 31, 2024, with a slight decrease in liabilities and growth in equity Balance Sheet Highlights (in thousands) | Balance Sheet Highlights (in thousands) | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $180,138 | $179,361 | | Capitalized internal-use software, net | $61,767 | $58,787 | | Total assets | $513,975 | $504,863 | | **Liabilities & Equity** | | | | Total liabilities | $74,591 | $75,247 | | Total stockholders' equity | $439,384 | $429,616 | [Condensed Consolidated Statements of Operations and Comprehensive Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income) Q1 2024 saw revenue grow 24.6% to $184.9 million, with net income significantly increasing to $7.2 million Income Statement (in thousands, except EPS) | Income Statement (in thousands, except EPS) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Revenue | $184,875 | $148,328 | | Gross Profit | $52,725 | $40,078 | | Income (loss) from operations | $8,343 | $(984) | | Net Income | $7,226 | $704 | | Diluted EPS | $0.06 | $0.01 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow more than doubled to $11.0 million in Q1 2024, driven by higher net income Cash Flow Summary (in thousands) | Cash Flow Summary (in thousands) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $10,954 | $4,763 | | Net cash used in investing activities | $(9,513) | $(8,286) | | Net cash used in financing activities | $(406) | $(1,122) | | Net increase (decrease) in cash | $957 | $(4,662) | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, revenue disaggregation, capitalized software costs, and unrecognized stock-based compensation - Payment transaction processing revenue was **$182.8 million** for Q1 2024, up from **$146.4 million** in Q1 2023, with the United States accounting for **$181.3 million** of total revenue in Q1 2024[38](index=38&type=chunk) - The company capitalized **$9.3 million** in software development costs in Q1 2024, an increase from **$8.1 million** in Q1 2023[46](index=46&type=chunk) - As of March 31, 2024, **$38.5 million** of total unrecognized compensation cost related to unvested RSUs is expected to be recognized over a weighted-average period of **3.8 years**[63](index=63&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes strong Q1 2024 performance to transaction volume growth and pricing, with significant improvements in non-GAAP metrics Key Metrics | Key Metrics | Q1 2024 | Q1 2023 | % Growth | | :--- | :--- | :--- | :--- | | Transactions processed (in millions) | 135.3 | 108.5 | 24.7% | Non-GAAP Financials (in thousands) | Non-GAAP Financials (in thousands) | Q1 2024 | Q1 2023 | % Growth | | :--- | :--- | :--- | :--- | | Contribution Profit | $69,367 | $53,531 | 29.6% | | Adjusted Gross Profit | $57,634 | $43,690 | 31.9% | | Adjusted EBITDA | $19,813 | $8,414 | 135.5% | | Free Cash Flow | $1,562 | $(3,523) | n/m | - Revenue growth was driven by an increase in transactions from new and existing billers, along with pricing improvements related to inflation management[92](index=92&type=chunk) - The company believes there is a reasonable possibility that within the next 12 months, sufficient positive evidence may allow for the release of a significant portion of the valuation allowance on its deferred tax assets[109](index=109&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes in market risk exposures, including interest rate, foreign currency, and inflation risks, were reported - There have been no material changes in the company's market risk exposures since the end of the last fiscal year[114](index=114&type=chunk) [Item 4. Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were deemed ineffective due to material weaknesses in internal control over financial reporting - The CEO and CFO concluded that disclosure controls and procedures were not effective as of March 31, 2024, due to material weaknesses in internal control[115](index=115&type=chunk) - Material weaknesses identified include a lack of sufficient trained accounting professionals and ineffective IT general controls related to program change management and user access[116](index=116&type=chunk) - The company has implemented several remediation measures, including hiring experienced personnel and updating system controls, but testing of operating effectiveness is still ongoing[116](index=116&type=chunk)[117](index=117&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=35&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any material legal proceedings or aware of any pending actions - As of the filing date, the company is not involved in any material legal proceedings[121](index=121&type=chunk) [Item 1A. Risk Factors](index=35&type=section&id=Item%201A.%20Risk%20Factors) No material changes to previously disclosed risk factors were reported for the current quarter - No material changes to risk factors were reported for the quarter[122](index=122&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=35&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the reporting period - None[123](index=123&type=chunk) [Item 5. Other Information](index=35&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated Rule 10b5-1 trading arrangements during the quarter - No directors or officers adopted or terminated a Rule 10b5-1 trading plan during the quarter[126](index=126&type=chunk)