Bruce Mina Sells 10,000 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) Director Bruce Mina sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $7.09, for a total transaction of $70,900.00. Following the sale, the director owned 258,500 shares of the company’s stock, valued at approximately $1,832,765. This represents a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Paysign Stock Performance

Shares of PAYS opened at $8.96 on Friday. Paysign, Inc. has a 52 week low of $3.08 and a 52 week high of $9.49. The firm has a market cap of $500.95 million, a P/E ratio of 52.71 and a beta of 0.72. The firm’s 50-day simple moving average is $7.95 and its 200 day simple moving average is $5.90.

Paysign (NASDAQ:PAYS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $28.04 million for the quarter, compared to analysts’ expectations of $27.01 million. Paysign had a net margin of 11.38% and a return on equity of 21.74%. Paysign has set its Q2 2026 guidance at 0.060-0.070 EPS. As a group, equities analysts forecast that Paysign, Inc. will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Paysign

Hedge funds and other institutional investors have recently made changes to their positions in the company. Punch & Associates Investment Management Inc. raised its position in Paysign by 164.6% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,462,560 shares of the company’s stock valued at $7,532,000 after purchasing an additional 909,825 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Paysign by 139.5% in the 3rd quarter. Two Sigma Investments LP now owns 504,887 shares of the company’s stock valued at $3,176,000 after purchasing an additional 294,041 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Paysign in the 3rd quarter valued at $1,640,000. Marshall Wace LLP bought a new position in shares of Paysign in the 2nd quarter valued at $1,716,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Paysign by 17.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company’s stock worth $9,033,000 after buying an additional 227,300 shares in the last quarter. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on PAYS shares. DA Davidson restated a “buy” rating and issued a $9.00 price target on shares of Paysign in a research note on Wednesday, May 13th. Wall Street Zen cut Paysign from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings raised Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $10.00.

About Paysign

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.