Paysign, Inc. (NASDAQ:PAYS) Insider Robert Strobo Sells 29,690 Shares

Paysign, Inc. (NASDAQ:PAYS) insider Robert Strobo sold 29,690 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $4.54, for a total value of $134,792.60. Following the transaction, the insider now directly owns 209,811 shares in the company, valued at approximately $952,541.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Paysign Price Performance

NASDAQ:PAYS traded up $0.16 during trading hours on Tuesday, reaching $4.63. 289,636 shares of the company traded hands, compared to its average volume of 303,290. Paysign, Inc. has a 1-year low of $1.67 and a 1-year high of $5.59. The firm’s 50-day moving average is $4.40 and its 200-day moving average is $3.98. The stock has a market cap of $245.30 million, a P/E ratio of 35.62 and a beta of 0.97.

Paysign (NASDAQ:PAYS) last announced its earnings results on Tuesday, May 7th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $13.19 million for the quarter, compared to analyst estimates of $12.46 million. Paysign had a return on equity of 34.04% and a net margin of 14.42%. As a group, research analysts predict that Paysign, Inc. will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On Paysign

A number of hedge funds and other institutional investors have recently bought and sold shares of PAYS. Vanguard Group Inc. boosted its position in shares of Paysign by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,649,043 shares of the company’s stock worth $6,035,000 after buying an additional 48,489 shares during the period. Owls Nest Partners IA LLC lifted its position in Paysign by 1.5% in the fourth quarter. Owls Nest Partners IA LLC now owns 261,661 shares of the company’s stock worth $733,000 after purchasing an additional 3,853 shares during the period. Bridge City Capital LLC lifted its position in Paysign by 17.9% in the first quarter. Bridge City Capital LLC now owns 102,401 shares of the company’s stock worth $375,000 after purchasing an additional 15,549 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Paysign by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 85,964 shares of the company’s stock valued at $371,000 after acquiring an additional 4,248 shares during the last quarter. Finally, Herr Investment Group LLC acquired a new stake in shares of Paysign during the 1st quarter valued at $179,000. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. DA Davidson upped their price target on Paysign from $4.50 to $5.50 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Barrington Research reaffirmed an “outperform” rating and set a $7.00 price objective on shares of Paysign in a research report on Friday, June 28th. Finally, Maxim Group upped their price objective on Paysign from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th.

Paysign Company Profile

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.