Paymentus Holdings (PAY) Sees Stock Price Drop by 5%

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$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]