Paysign, Inc. (NASDAQ:PAYS) CEO Sells $176,290.00 in Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 61,000 shares of Paysign stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $2.89, for a total transaction of $176,290.00. Following the sale, the chief executive officer now directly owns 9,075,886 shares in the company, valued at approximately $26,229,310.54. The trade was a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mark Newcomer also recently made the following trade(s):

• On Thursday, January 23rd, Mark Newcomer sold 12,000 shares of Paysign stock. The stock was sold at an average price of $2.85, for a total value of $34,200.00.
• On Monday, December 9th, Mark Newcomer sold 41,000 shares of Paysign stock. The stock was sold at an average price of $3.31, for a total value of $135,710.00.
• On Wednesday, November 20th, Mark Newcomer sold 25,000 shares of Paysign stock. The shares were sold at an average price of $3.27, for a total transaction of $81,750.00.
• On Monday, November 18th, Mark Newcomer sold 40,000 shares of Paysign stock. The stock was sold at an average price of $3.24, for a total transaction of $129,600.00.

Paysign Stock Performance

Shares of PAYS stock opened at $2.87 on Friday. The stock has a market capitalization of $153.68 million, a P/E ratio of 19.13 and a beta of 0.95. Paysign, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $5.59. The company has a 50 day moving average price of $3.13 and a 200 day moving average price of $3.89.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $15.26 million for the quarter, compared to analyst estimates of $14.96 million. Paysign had a return on equity of 30.64% and a net margin of 14.28%. During the same quarter in the prior year, the company earned $0.02 earnings per share. On average, research analysts forecast that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PAYS shares. Lake Street Capital began coverage on shares of Paysign in a report on Friday, December 20th. They issued a “buy” rating and a $6.00 price objective on the stock. Barrington Research restated an “outperform” rating and set a $7.00 price target on shares of Paysign in a research report on Monday, November 4th.

Institutional Investors Weigh In On Paysign

A number of hedge funds have recently bought and sold shares of PAYS. Bank of New York Mellon Corp raised its holdings in Paysign by 5.2% in the second 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 in the last quarter. Rhumbline Advisers increased its position in shares of Paysign by 25.1% in the 2nd quarter. Rhumbline Advisers now owns 35,835 shares of the company’s stock valued at $154,000 after purchasing an additional 7,190 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Paysign in the 2nd quarter valued at $92,000. Dimensional Fund Advisors LP lifted its position in shares of Paysign by 51.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 116,779 shares of the company’s stock worth $502,000 after purchasing an additional 39,710 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Paysign by 25.0% during the second quarter. Renaissance Technologies LLC now owns 1,504,380 shares of the company’s stock worth $6,484,000 after purchasing an additional 301,000 shares in the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

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.