Mark Newcomer Sells 150,000 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $11.88, for a total value of $1,782,000.00. Following the transaction, the chief executive officer owned 9,163,002 shares of the company’s stock, valued at approximately $108,856,463.76. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 29th, Mark Newcomer sold 50,000 shares of Paysign stock. The stock was sold at an average price of $9.38, for a total transaction of $469,000.00.

Paysign Trading Up 0.6%

NASDAQ PAYS opened at $12.48 on Friday. Paysign, Inc. has a 12 month low of $3.08 and a 12 month high of $12.85. The stock has a market cap of $697.71 million, a price-to-earnings ratio of 48.00 and a beta of 0.74. The company’s 50 day moving average is $8.30 and its two-hundred day moving average is $6.10.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $28.25 million during the quarter, compared to analyst estimates of $26.36 million. Paysign had a net margin of 15.67% and a return on equity of 31.70%. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. Sell-side analysts forecast that Paysign, Inc. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Lake Street Capital reiterated a “buy” rating and issued a $13.00 price target on shares of Paysign in a research note on Thursday. Barrington Research set a $11.00 price objective on Paysign in a research note on Monday, August 3rd. Wall Street Zen upgraded Paysign from a “buy” rating to a “strong-buy” rating in a research report on Saturday. DA Davidson lifted their target price on Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Weiss Ratings raised Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $12.00.

Institutional Trading of Paysign

A number of institutional investors and hedge funds have recently bought and sold shares of PAYS. Rhumbline Advisers lifted its stake in Paysign by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 48,770 shares of the company’s stock worth $351,000 after purchasing an additional 2,183 shares in the last quarter. Invesco Ltd. grew its position in shares of Paysign by 19.1% during the second quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock valued at $122,000 after purchasing an additional 2,716 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Paysign by 18.0% during the third quarter. Intech Investment Management LLC now owns 17,851 shares of the company’s stock valued at $112,000 after purchasing an additional 2,723 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Paysign by 11.6% in the third quarter. Alliancebernstein L.P. now owns 29,930 shares of the company’s stock worth $188,000 after purchasing an additional 3,100 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Paysign by 99.8% in the third quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock worth $43,000 after purchasing an additional 3,453 shares during the last quarter. 25.89% of the stock is currently owned by institutional investors.

Paysign Company Profile

Paysign, Inc (NASDAQ:PAYS) is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign’s offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company’s flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.