Paya (NASDAQ:PAYA) Shares Gap Down to $7.95

Paya Holdings Inc. (NASDAQ:PAYAGet Rating) gapped down before the market opened on Tuesday . The stock had previously closed at $7.95, but opened at $7.69. Paya shares last traded at $7.72, with a volume of 15 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PAYA shares. Morgan Stanley raised their target price on shares of Paya from $5.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. Northland Securities lifted their price target on shares of Paya from $9.00 to $10.00 in a report on Monday, November 7th. TheStreet upgraded shares of Paya from a “d+” rating to a “c” rating in a report on Friday, November 4th. Raymond James lifted their price target on shares of Paya from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, November 7th. Finally, Credit Suisse Group lifted their price target on shares of Paya from $8.00 to $9.00 and gave the company an “outperform” rating in a report on Monday, November 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.43.

Paya Trading Up 2.5 %

The stock’s 50 day moving average price is $6.99 and its 200 day moving average price is $6.56. The firm has a market cap of $1.07 billion, a PE ratio of 135.52 and a beta of 0.17.

Hedge Funds Weigh In On Paya

A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC raised its stake in shares of Paya by 23.3% in the 3rd quarter. Jane Street Group LLC now owns 15,476 shares of the company’s stock valued at $95,000 after acquiring an additional 2,929 shares during the period. BNP Paribas Arbitrage SNC purchased a new stake in Paya during the 3rd quarter worth $234,000. Algert Global LLC increased its stake in Paya by 34.9% during the 3rd quarter. Algert Global LLC now owns 29,637 shares of the company’s stock worth $181,000 after buying an additional 7,667 shares during the period. Two Sigma Advisers LP increased its stake in Paya by 38.0% during the 3rd quarter. Two Sigma Advisers LP now owns 39,200 shares of the company’s stock worth $240,000 after buying an additional 10,800 shares during the period. Finally, Two Sigma Investments LP increased its stake in Paya by 21.0% during the 3rd quarter. Two Sigma Investments LP now owns 68,017 shares of the company’s stock worth $416,000 after buying an additional 11,817 shares during the period. Hedge funds and other institutional investors own 96.83% of the company’s stock.

Paya Company 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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