Paysign, Inc. (NASDAQ:PAYS) Major Shareholder Sells $63,127.02 in Stock

Paysign, Inc. (NASDAQ:PAYS) major shareholder Topline Capital Partners, Lp sold 20,834 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $3.03, for a total value of $63,127.02. Following the completion of the sale, the insider now directly owns 5,611,128 shares in the company, valued at approximately $17,001,717.84. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Paysign Stock Performance

Shares of PAYS traded down $0.05 during trading hours on Tuesday, hitting $3.02. The company had a trading volume of 231,026 shares, compared to its average volume of 247,984. The stock has a market capitalization of $161.71 million, a price-to-earnings ratio of 20.13 and a beta of 0.93. The firm has a fifty day moving average price of $3.43 and a 200-day moving average price of $4.02. Paysign, Inc. has a 52-week low of $2.40 and a 52-week high of $5.59.

Paysign (NASDAQ:PAYS) last issued its earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $15.26 million during the quarter, compared to analysts’ expectations of $14.96 million. Paysign had a net margin of 14.28% and a return on equity of 30.64%. During the same period in the previous year, the company earned $0.02 earnings per share. Research analysts anticipate that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Paysign

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of Paysign in the third quarter worth $43,000. Algert Global LLC bought a new stake in Paysign in the 2nd quarter worth about $46,000. The Manufacturers Life Insurance Company purchased a new position in Paysign in the 2nd quarter worth about $66,000. American Century Companies Inc. bought a new position in Paysign during the 2nd quarter valued at about $92,000. Finally, Bard Associates Inc. purchased a new stake in shares of Paysign during the 3rd quarter valued at about $103,000. 25.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $7.00 target price on shares of Paysign in a research report on Monday, November 4th. Lake Street Capital assumed 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. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Paysign currently has an average rating of “Buy” and an average price target of $6.13.

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.