Paysign, Inc. (NASDAQ:PAYS) Insider Matthew Louis Lanford Sells 25,360 Shares

Paysign, Inc. (NASDAQ:PAYS) insider Matthew Louis Lanford sold 25,360 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $3.96, for a total value of $100,425.60. Following the completion of the transaction, the insider now owns 109,731 shares of the company’s stock, valued at $434,534.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Paysign Stock Performance

Shares of PAYS stock opened at $3.68 on Thursday. The stock has a fifty day moving average price of $3.96 and a 200 day moving average price of $4.34. The stock has a market cap of $197.06 million, a PE ratio of 24.53 and a beta of 0.95. Paysign, Inc. has a 1 year low of $2.22 and a 1 year high of $5.59.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Paysign had a return on equity of 30.64% and a net margin of 14.28%. The business had revenue of $15.26 million during the quarter, compared to analysts’ expectations of $14.96 million. During the same quarter last year, the business posted $0.02 earnings per share. As a group, equities research analysts predict that Paysign, Inc. will post 0.21 earnings per share for the current year.

Hedge Funds Weigh In On Paysign

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAYS. Bank of New York Mellon Corp grew its position in shares of 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 purchasing an additional 4,248 shares during the last quarter. Rhumbline Advisers lifted its stake in 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 buying an additional 7,190 shares in the last quarter. Algert Global LLC acquired a new stake in Paysign during the 2nd quarter valued at $46,000. SG Americas Securities LLC acquired a new stake in Paysign during the 3rd quarter valued at $43,000. Finally, BNP Paribas Financial Markets increased its position in Paysign by 49.7% during the first quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock worth $144,000 after buying an additional 13,093 shares in the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and set a $7.00 target price on shares of Paysign in a research report on Monday, November 4th.

About Paysign

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.