Victory Capital Management Inc. Sells 781,317 Shares of Paya Holdings Inc. (NASDAQ:PAYA)

Victory Capital Management Inc. reduced its stake in Paya Holdings Inc. (NASDAQ:PAYAGet Rating) by 21.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,938,830 shares of the company’s stock after selling 781,317 shares during the quarter. Victory Capital Management Inc.’s holdings in Paya were worth $17,222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYA. Massachusetts Financial Services Co. MA raised its holdings in shares of Paya by 46.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,092,139 shares of the company’s stock worth $51,304,000 after buying an additional 2,558,058 shares in the last quarter. Handelsbanken Fonder AB grew its position in Paya by 68.2% in the fourth quarter. Handelsbanken Fonder AB now owns 3,700,000 shares of the company’s stock valued at $23,458,000 after acquiring an additional 1,500,000 shares during the last quarter. Invesco Ltd. grew its position in Paya by 24.4% in the fourth quarter. Invesco Ltd. now owns 2,982,842 shares of the company’s stock valued at $18,911,000 after acquiring an additional 585,356 shares during the last quarter. Handelsinvest Investeringsforvaltning grew its position in Paya by 71.4% in the fourth quarter. Handelsinvest Investeringsforvaltning now owns 1,200,000 shares of the company’s stock valued at $7,608,000 after acquiring an additional 500,000 shares during the last quarter. Finally, Spears Abacus Advisors LLC grew its position in Paya by 31.3% in the fourth quarter. Spears Abacus Advisors LLC now owns 514,911 shares of the company’s stock valued at $3,265,000 after acquiring an additional 122,687 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

Paya Stock Down 1.6 %

Paya stock opened at $6.83 on Friday. Paya Holdings Inc. has a 12-month low of $4.51 and a 12-month high of $11.51. The business’s 50-day moving average price is $6.36 and its two-hundred day moving average price is $5.93. The stock has a market cap of $902.05 million, a PE ratio of 22.00 and a beta of -0.06.

Paya (NASDAQ:PAYAGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $66.00 million during the quarter, compared to the consensus estimate of $64.71 million. As a group, analysts expect that Paya Holdings Inc. will post 0.4 earnings per share for the current year.

Paya Profile

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Paya Holdings Inc, through its subsidiaries, operates as an independent integrated payments platform. It operates through two segments, Integrated Solutions and Payment Services. The company processes payments through credit and debit card, automated clearing house, and check payments. It serves customers through distribution partners with focus on targeted verticals, such as B2B goods and services, healthcare, faith-based and non-profit, government and utilities, and education markets.

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Institutional Ownership by Quarter for Paya (NASDAQ:PAYA)

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