Paymentus Holdings Inc (PAY) |
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Price: $23.1600
$-0.32
-1.363%
|
Day's High:
| $23.7468
| Week Perf:
| 11.24 %
|
Day's Low: |
$ 22.82 |
30 Day Perf: |
41.65 % |
Volume (M): |
538 |
52 Wk High: |
$ 24.99 |
Volume (M$): |
$ 12,453 |
52 Wk Avg: |
$13.67 |
Open: |
$23.12 |
52 Wk Low: |
$7.52 |
|
|
Market Capitalization (Millions $) |
2,910 |
Shares
Outstanding (Millions) |
126 |
Employees |
5,900 |
Revenues (TTM) (Millions $) |
581 |
Net Income (TTM) (Millions $) |
14 |
Cash Flow (TTM) (Millions $) |
17 |
Capital Exp. (TTM) (Millions $) |
26 |
Paymentus Holdings Inc
Verifone is a global leader in payments and commerce solutions at the point of
sale (“POS”). For over 30 years, we have designed, manufactured, marketed
and supplied a broad range of innovative payment solutions and complementary services.
Our solutions enable merchants and the institutions that serve them to securely
accept electronic forms of payment and ensure regulatory and industry standards
compliance; enable value-added exchange between merchants and consumers; and enhance
payment security. Key industries in which we operate include financial services,
retail, petroleum, restaurant, hospitality, taxi, transportation, and healthcare.
VeriFone, Inc., our principal operating subsidiary, was incorporated in 1981.
Shortly afterward, we introduced the first check verification and credit authorization
device utilized by merchants in a commercial setting. In 1984, we introduced
the first mass market electronic payment system intended to replace manual credit
card authorization devices for small merchants. VeriFone, Inc. operated as a
publicly-traded company from 1990 until it was acquired in 1997 by Hewlett-Packard,
which operated it as a division. In July 2001, HP sold VeriFone, Inc. to Gores
Technology Group, LLC, a privately held acquisition and investment management
firm. In July 2002, VeriFone, Inc. was recapitalized and VeriFone Systems, Inc.
(formerly known as VeriFone Holdings, Inc.), a Delaware corporation, was organized
as a holding company for VeriFone, Inc. In connection with the recapitalization,
certain investment funds affiliated with GTCR Golder Rauner, LLC, a private
equity firm, became our majority stockholders. VeriFone completed its initial
public offering on May 4, 2005. In June 2009, the GTCR-affiliated funds ceased
to be beneficial owners of 5% or more of our outstanding common stock.
We seek to provide innovative payment and value-added commerce solutions globally
to merchants and the institutions that serve them, such as financial institutions,
merchant acquirers and point-of-sale integrators, on a worldwide basis. Our
solutions enable payment and commerce in a variety of environments, including
traditional multilane and countertop implementations, self-service or unattended
environments, portable deployments, mobile point-of-sale solutions, as well
as fully integrated POS solutions. Our solutions include electronic payment
devices; field services such as installation, repair and warranty; and software
such as estate management, security and gateway services. We recently introduced
Verifone Engage, our new family of interactive, commerce-enabled payment devices
that we believe offer a new and innovative connected payments experience. We
have also recently launched Verifone Carbon, an integrated dual-screen connected
point-of-sale solution, that enables merchants to run register and business
applications from a tablet screen while enabling consumers to pay and interact
with a consumer-facing screen. We believe we have one of the leading electronic
payment solutions brands and are one of the largest providers of electronic
payment solutions worldwide.
Services are becoming increasingly important to our business strategy. During
fiscal year 2017, we plan to combine our services and systems offerings into
a single business unit, Verifone Solutions, in order to more highly integrate
our product offerings. In order to provide a broader range of services as part
of our solutions, we also seek to connect our terminal systems back to our network,
which enables us to leverage a connected network of terminals in our services
offerings. We offer a wide portfolio of services, ranging from traditional terminal
related support services, transaction services and commerce enablement offerings
that are designed to facilitate commerce opportunities for merchants. Our traditional
services include professional services related to installation and deployment,
helpdesk support, training, equipment repair and maintenance, and software post-contract
support. Our value-added services include terminal management services and gateway
solutions that enable more efficient routing of transactions, multi-channel
acceptance and processing, along with end-to-end encryption to reduce the complexity
and costs of Payment Card Industry, or PCI, standards compliance. Our commerce
enablement solutions leverage our terminals to engage consumers at the point
of sale through value-added applications such as loyalty and couponing applications,
targeted offers and real-time reward redemptions. We believe that consumer engagement
at the point of sale provides opportunities to increase brand awareness and
potential for merchants to grow sales. We are in the process of developing a
commerce enablement platform that links smart terminals and technology gateways
in order to provide our clients with integrated tools to enhance and enrich
the commerce experience at the point of sale.
We believe continued innovation in terminal solutions, strategic expansion
of our value-added services in key markets, including both developed and emerging
markets, and investment in our commerce enablement solutions are important components
of our business strategy. We intend to focus on our solutions as a key driver
of growth globally, including emphasis on growing the number of devices connected
to our gateways. We also intend to focus our efforts on expanding our business
in new geographic markets for us such as Japan, expanding emerging markets such
as India and Indonesia and in new market segments such as hospitality, quick-service
retail and pay-at-the-table in the United States.
The electronic payment solutions industry encompasses systems, software, and
services that enable the acceptance and processing of electronic payments for
goods and services, enable commerce and provide other value-added functionality
at the POS. The electronic payment system is an important part of the payment
infrastructure, serving as the interface between consumers and merchants at
the POS, as well as the link between the consumer transaction at the POS and
the payment transaction processing infrastructure.
The global payments industry has continued to move towards electronic payment
transactions. Consumer habits have continued to shift to higher volumes of non-cash
transactions with demand for additional payment options. In developed markets,
such as the U.S., the continued shift to electronic payments is characterized
by an increasing volume of transactions, including an increase in volume of
low value card transactions, through multiple payment forms. Our industry continues
to move toward advanced payment technologies and methods, and has also seen
the emergence of new market entrants, including outside the traditional POS
providers. Certain regions, such as parts of Europe, Latin America, and Asia-Pacific,
currently have relatively low rates of electronic payments, but are experiencing
a growing number of such transactions. The adoption of electronic payments in
emerging markets is driven primarily by economic growth, infrastructure development,
expanding presence of Internet and wireless connectivity and support from governments
seeking to modernize their economies and to encourage electronic payment transactions
as a means of driving commerce and improving tax collection. In some emerging
markets, the trend toward non-cash transactions is driving the need for innovative
solutions to address access barriers to large populations of consumers who are
not using or able to use the banking and financial systems.
Company Address: 11605 North Community House Road Charlotte 28277 NC
Company Phone Number: 440-4826 Stock Exchange / Ticker: NYSE PAY
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Customers Net Income grew by |
PAY's Customers Net Profit Margin grew to |
10.66 % |
23.84 %
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Stock Performances by Major Competitors |
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Product Service News
Published Tue, Feb 27 2024 9:05 PM UTC
Paymentus Holdings Inc., a leading provider of cloud-based bill payment technology solutions, has announced that its CEO, Dushyant Sharma, and CFO, Sanjay Kalra, will be participating in the Wolfe Research FinTech Forum 2024. The event will take place in New York on Thursday, March 14th, and will feature a fireside chat with Sharma and Kalra at 10:15 am ET. The fireside cha...
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Business Update
Published Fri, Feb 9 2024 1:40 PM UTC
Paymentus Holdings Inc., a renowned electronic billing and payments platform provider, commemorates its 20th anniversary amid an impressive track record of innovation and leadership in the billing, payment, and money movement space. With a growing clientele of over 1,900 clients, Paymentus continues to expand its array of industry-leading products and solutions, aiming to s...
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Product Service News
Published Tue, Jan 16 2024 3:00 PM UTC
Paymentus Expands its Presence in the Real Estate Industry with Yardi Integration and Impressive Financial ResultsIn the ever-evolving world of real estate, efficiency and convenience in billing and payment solutions are paramount. Paymentus Holdings Inc. (NYSE: PAY) has just taken a significant step forward in this regard with its recent announcement of becoming a fully qua...
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Paymentus Holdings Inc
Paymentus Holdings Inc Reports Positive Q3 Results, Promising Future Performance CHARLOTTE, N.C. - Paymentus Holdings Inc (NYSE: PAY), a leading provider of cloud-based bill payment technology and solutions, announced its unaudited financial results for the fiscal third quarter ended September 30, 2023. The company reported strong performance, showing positive signs of growth and profitability. For the fiscal third quarter, Paymentus Holdings Inc reported a positive income of $0.05 per share, a significant improvement from the previous year's loss of $-0.01 per share. Earnings per share remained stable at $0.05, consistent with the previous financial reporting period. One of the standout achievements was the remarkable increase in revenue, which grew by 18.539% to $151.91 million compared to $128.15 million in the same period the previous year. Sequentially, revenue also advanced by 2.048% from $148.86 million. This growth suggests a rising demand for Paymentus Holdings Inc's services.
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Paymentus Holdings Inc
Paymentus Holdings Inc, a leading provider of cloud-based bill payment solutions, has shown remarkable growth and achieved profitability in recent financial periods. The company's revenue has experienced a significant increase, growing by 24.084% to $148.86 million in the second quarter of 2023. This positive performance has led to earnings per share (EPS) of $0.05, a substantial improvement compared to the previous quarter's EPS of $-0.02. Paymentus Holdings Inc's revenue growth in the second quarter of 2023 outperforms its competitors in the Professional Services sector, which only saw a 6.88% increase in top-line revenue during the same period. Furthermore, compared to the preceding period, EPS more than doubled by 400%, and revenue advanced by 0.36%.
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Per Share |
Current |
Earnings (TTM) |
0.12 $ |
Revenues (TTM) |
4.63 $
|
Cash Flow (TTM) |
0.14 $ |
Cash |
1.29 $
|
Book Value |
3.32 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
0.12 $
|
Revenues (TTM) |
4.63 $ |
Cash Flow (TTM) |
0.14 $ |
Cash |
1.29 $
|
Book Value |
3.32 $ |
Dividend (TTM) |
0 $ |
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