Insider Selling: Paysign, Inc. (NASDAQ:PAYS) CEO Sells 41,000 Shares of Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 41,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $3.31, for a total transaction of $135,710.00. Following the completion of the sale, the chief executive officer now directly owns 9,195,886 shares in the company, valued at $30,438,382.66. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 20th, Mark Newcomer sold 25,000 shares of Paysign stock. The stock was sold at an average price of $3.27, for a total value of $81,750.00.
• On Monday, November 18th, Mark Newcomer sold 40,000 shares of Paysign stock. The shares were sold at an average price of $3.24, for a total value of $129,600.00.
• On Wednesday, October 23rd, Mark Newcomer sold 36,000 shares of Paysign stock. The stock was sold at an average price of $3.66, for a total value of $131,760.00.
• On Monday, October 21st, Mark Newcomer sold 22,000 shares of Paysign stock. The shares were sold at an average price of $3.75, for a total value of $82,500.00.
• On Monday, September 23rd, Mark Newcomer sold 50,000 shares of Paysign stock. The stock was sold at an average price of $4.25, for a total transaction of $212,500.00.
• On Thursday, September 19th, Mark Newcomer sold 1,500 shares of Paysign stock. The stock was sold at an average price of $4.50, for a total value of $6,750.00.
• On Friday, September 13th, Mark Newcomer sold 1,500 shares of Paysign stock. The shares were sold at an average price of $4.50, for a total value of $6,750.00.

Paysign Price Performance

Shares of Paysign stock remained flat at $3.19 during trading hours on Wednesday. The stock had a trading volume of 216,814 shares, compared to its average volume of 245,525. The firm has a market capitalization of $170.82 million, a price-to-earnings ratio of 21.27 and a beta of 0.93. Paysign, Inc. has a 52 week low of $2.40 and a 52 week high of $5.59. The business’s 50-day simple moving average is $3.61 and its 200 day simple moving average is $4.14.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Paysign had a net margin of 14.28% and a return on equity of 30.64%. The firm had revenue of $15.26 million for the quarter, compared to analyst estimates of $14.96 million. During the same quarter last year, the firm posted $0.02 earnings per share.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Paysign

Several hedge funds and other institutional investors have recently made changes to their positions in PAYS. Sanctuary Advisors LLC increased its holdings in Paysign by 4.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 121,089 shares of the company’s stock valued at $419,000 after purchasing an additional 5,000 shares in the last quarter. Barclays PLC boosted its position in shares of Paysign by 327.4% in the third quarter. Barclays PLC now owns 47,090 shares of the company’s stock worth $173,000 after buying an additional 36,071 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Paysign by 257.0% in the third quarter. BNP Paribas Financial Markets now owns 44,793 shares of the company’s stock valued at $164,000 after buying an additional 32,245 shares in the last quarter. Bard Associates Inc. acquired a new stake in shares of Paysign in the third quarter valued at about $103,000. Finally, Royce & Associates LP purchased a new stake in shares of Paysign during the 3rd quarter valued at about $814,000. 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.