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Jody R. Davids, a director at Paymentus Holdings, Inc. (NYSE:PAY), recently sold a significant portion of the company’s Class A common stock. According to a recent SEC filing, Davids sold a total of 14,000 shares on March 12, 2025. The shares were sold at prices ranging from $28.6655 to $30.6778, resulting in a total transaction value of approximately $408,971. The transaction comes as PAY’s stock has shown remarkable momentum, with a 48% surge over the past six months and an impressive 18% gain just last week, according to InvestingPro data.
The sale was executed to cover tax withholding obligations related to the vesting and settlement of restricted stock units under Paymentus’s 2021 Equity Incentive Plan. Following this transaction, Davids retains ownership of 31,752 shares in the company. InvestingPro analysis indicates the company maintains excellent financial health with a "GREAT" overall score, supported by a strong current ratio of 4.24, suggesting robust liquidity.
Paymentus Holdings is a prominent player in the business services sector, offering innovative payment solutions. With a market capitalization of $3.62 billion and impressive revenue growth of 42% in the last twelve months, the company has established itself as a significant force in the payments industry. The company’s stock is traded on the New York Stock Exchange under the ticker PAY. For comprehensive analysis and additional insights, investors can access detailed financial metrics and expert research through InvestingPro’s extensive coverage of PAY stock.
In other recent news, Paymentus Holdings Inc reported a strong performance for the fourth quarter of 2024, surpassing analyst expectations. The company achieved earnings per share of $0.13, exceeding the forecasted $0.10, while revenue reached $257.9 million, surpassing the expected $223.66 million. This represents a 56.5% year-over-year increase in revenue, driven by a significant rise in transaction volumes and an increase in the average price per transaction. Paymentus processed 166 million transactions, marking a 33% increase from the previous year. The company also provided a robust revenue guidance for 2025, projecting growth of over 20%. Analysts from Baird and JPMorgan noted the company’s strong backlog and sales momentum, indicating confidence in Paymentus’s ability to grow without new client signings. The company is targeting a revenue range of $1.04 billion to $1.06 billion for 2025, reflecting growth of 20.4% to 21.6%. Paymentus continues to benefit from the growing adoption of digital payments and its strong position across various industry verticals.
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