Paya Holdings set to join Russell 2000, Russell 3000 Indexes » 08:4406/1506/15/21
Paya Holdings announced…
Paya Holdings announced that Paya is scheduled to join the small-cap Russell 2000 Index and the broad-market Russell 3000 Index, as well as the appropriate growth and value style indexes, at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, 2021.
|Over a week ago|
Paya platform achieves certification for Acumatica's 2021 R1 update » 08:5506/0806/08/21
Paya announced that its…
Paya announced that its platform has achieved certification for Acumatica's 2021 R1 update, available across all of Acumatica's ERP editions and customer portal. Paya's advanced solution enhances back-office efficiency, offers features such as e-invoicing, automated card account updater and recurring billing. Paya delivers seamless card, ACH, and check payment acceptance, reporting, and reconciliation functionality directly into management workflows.
Paya Holdings announces proposed debt refinancing » 07:1806/0706/07/21
Paya Holdings announced…
Paya Holdings announced plans to refinance its outstanding $228 million term loan facility due 2027 and $25 million revolving credit facility due 2025. The Company anticipates refinancing the facilities with the proceeds of a new seven-year $250 million term loan and a five-year $45 million revolving credit facility expected to be undrawn at closing. The objectives of the refinancing are to increase the Company's financial flexibility, reduce interest expense and extend its debt maturity. The terms of the proposed refinancing will be disclosed upon the completion of the transaction, which is expected to occur in late June or early July. The proposed refinancing is subject to ongoing negotiation of definitive documentation for the term loan and revolving credit facilities as well as market conditions. There can be no assurances that the refinancing will occur, or, if it does, the terms of the refinancing.
|Over a month ago|
Paya Holdings valuation creates 'attractive opportunity,' says BTIG » 11:5805/0705/07/21
BTIG analyst Mark Palmer…
BTIG analyst Mark Palmer reiterates a Buy rating on Paya Holdings with an $18 price target following the company's "solid" Q1 results The story is intact and the "yawning gap" between Paya's operating performance and its valuation is unwarranted, Palmer tells investors in a research note. The analyst believes the gap has created an "attractive opportunity for investors to gain exposure to a well-positioned integrated payments platform at a bargain price."
Paya Holdings raises FY21 revenue view to $242M-$248M from $234M-$242M » 06:1605/0705/07/21
Backs FY21 adjusted…
Backs FY21 adjusted EBITDA view $64M-$68M.
Paya Holdings reports Q1 revenue $55.3M vs. $49.1M a year ago » 06:1405/0705/07/21
For Q1: Net income was…
For Q1: Net income was $1M, compared to a net loss of ($0.6M) for the first quarter of 2020. Adjusted EBITDA was $14.8M, an increase of 39.6% from $10.6M for the first quarter of 2020. Adjusted Net Income was $9.2M.
Fly Intel: Top five analyst initiations » 09:5405/0605/06/21
TLRY, FHS, CTIC, FRLN, PAYA
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tilray (TLRY) initiated with a Buy at Canaccord. 2. First High-School Education (FHS) initiated with a Buy at Benchmark. 3. CTI BioPharma (CTIC) initiated with a Buy at Stifel. 4. Freeline (FRLN) initiated with a Buy at Guggenheim. 5. Paya Holdings (PAYA) initiated with an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Paya Holdings initiated with an Outperform at Credit Suisse » 16:2105/0505/05/21
Credit Suisse analyst…
Credit Suisse analyst Timothy Chiodo initiated coverage of Paya Holdings with an Outperform rating and $14 price target. The analyst expects the company's payments platform to process $45b in annual volumes in 2021 and sees a medium-term of low- to mid-teens organic top-line and 20% EBITDA growth.
Paya Holdings announces acquisition of Paragon Payment Solutions » 08:1604/2604/26/21
Paya Holdings announced…
Paya Holdings announced the acquisition of Paragon Payments Solutions. "We are excited to welcome the Paragon team into Paya, which further expands Paya's strong position within the non-profit and healthcare verticals," said Jeff Hack, CEO of Paya. "Through the addition of a high-quality, growing roster of software partners in key verticals, we are able to leverage Paya's scale and expertise to further accelerate growth while delivering accretive financial returns to our shareholders. This marks Paya's fourth acquisition and follows our blueprint of executing strategic M&A of integrated payment providers in attractive end markets, serving as a powerful complement to our organic growth strategy," Hack added. Paya expects to discuss the acquisition in further detail on its Q1 2021 earnings conference call in May.
Paya Holdings announces appointment of Oni Chukwu to board of directors » 08:0204/1604/16/21
Paya announced the…
Paya announced the appointment of Oni Chukwu to its board of directors. Chukwu was Executive Chairman and CEO of Aventri. "Oni has a strong track record of success in building and growing enterprise technology companies," said Jeff Hack, CEO of Paya. "We look forward to adding his expertise and experience to the Paya board which will serve to support Paya's growth strategies."