Paymentus Holdings Surges After Strong Q2 Results and Higher 2026 Outlook

Paymentus Holdings (PAY) is up 26.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a strong second-quarter earnings report that showed rapid revenue growth, sharply higher profitability, and another increase to full-year guidance. Investors also seemed to respond favorably to signs of continued operating leverage, with margin expansion and transaction growth reinforcing the company’s growth story.

Details:

Second-quarter revenue rose 28.8% year over year to $360.7 million, while adjusted EBITDA increased 54.0% to $48.8 million and reached a record 41.3% margin.

Net income climbed to $25.6 million from $14.7 million a year earlier, and diluted non-GAAP earnings per share improved to $0.25 from $0.15.

Paymentus processed 213.4 million transactions in the quarter, up 21.4% from the prior year, pointing to continued volume growth across its platform.

The company raised its 2026 outlook again, guiding for full-year revenue of $1.443 billion to $1.458 billion, up from the prior range of $1.425 billion to $1.440 billion, while also lifting contribution profit and adjusted EBITDA targets.

Sources:

Paymentus Investor Relations, SEC, NYSE

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PAY Insider Trading Activity

$PAY insiders have traded $PAY stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $PAY stock by insiders over the last 6 months:

GARY TRAINOR has made 0 purchases and 3 sales selling 80,000 shares for an estimated $2,729,626.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$PAY Hedge Fund Activity

We have seen 106 institutional investors add shares of $PAY stock to their portfolio, and 99 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

DRIEHAUS CAPITAL MANAGEMENT LLC removed 2,239,138 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $56,874,105
CAPITAL WORLD INVESTORS added 1,714,760 shares (+68.6%) to their portfolio in Q1 2026, for an estimated $43,554,904
WASATCH ADVISORS LP removed 1,708,700 shares (-21.6%) from their portfolio in Q2 2026, for an estimated $41,282,192
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 838,828 shares (+1223.3%) to their portfolio in Q1 2026, for an estimated $21,306,231
CAPITAL INTERNATIONAL INVESTORS removed 780,642 shares (-10.2%) from their portfolio in Q1 2026, for an estimated $19,828,306
NORTH REEF CAPITAL MANAGEMENT LP added 734,551 shares (+inf%) to their portfolio in Q1 2026, for an estimated $18,657,595
MILLENNIUM MANAGEMENT LLC added 712,991 shares (+496.6%) to their portfolio in Q1 2026, for an estimated $18,109,971

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PAY Price Targets

Multiple analysts have issued price targets for $PAY recently. We have seen 3 analysts offer price targets for $PAY in the last 6 months, with a median target of $34.0.

Here are some recent targets:

Dan Ives from Wedbush set a target price of $36.0 on 05/05/2026
David Koning from Baird set a target price of $34.0 on 05/05/2026
Will Nance from Goldman Sachs set a target price of $32.0 on 02/24/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.