Connective Capital Management LLC Takes Position in Paysign, Inc. $PAYS

Connective Capital Management LLC bought a new stake in Paysign, Inc. (NASDAQ:PAYS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 39,885 shares of the company’s stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Corient Private Wealth LP increased its stake in shares of Paysign by 69.8% during the 2nd quarter. Corient Private Wealth LP now owns 30,159 shares of the company’s stock valued at $247,000 after acquiring an additional 12,396 shares during the last quarter. California State Teachers Retirement System increased its position in Paysign by 114.4% during the second quarter. California State Teachers Retirement System now owns 4,038 shares of the company’s stock worth $33,000 after purchasing an additional 2,155 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in shares of Paysign during the 2nd quarter worth $16,983,000. Bank of America Corp DE acquired a new stake in shares of Paysign during the 2nd quarter worth $335,000. Finally, AWM Investment Company Inc. purchased a new position in shares of Paysign in the 2nd quarter worth $6,560,000. Hedge funds and other institutional investors own 25.89% of the company’s stock.

Insiders Place Their Bets

In other Paysign news, CFO Jeffery Baker sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the transaction, the chief financial officer directly owned 542,171 shares of the company’s stock, valued at $6,842,198.02. This represents a 6.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Newcomer sold 150,000 shares of Paysign stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $11.88, for a total transaction of $1,782,000.00. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 345,000 shares of company stock valued at $3,564,600. Company insiders own 24.50% of the company’s stock.

Paysign Trading Down 4.2%

PAYS stock traded down $0.57 during trading on Tuesday, reaching $12.88. The stock had a trading volume of 1,095,197 shares, compared to its average volume of 700,594. Paysign, Inc. has a 1-year low of $3.08 and a 1-year high of $14.43. The company has a market capitalization of $727.23 million, a P/E ratio of 49.54 and a beta of 0.80. The firm has a fifty day moving average price of $10.78 and a 200 day moving average price of $7.49.

Paysign (NASDAQ:PAYS) last announced its earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $28.25 million for the quarter, compared to analyst estimates of $26.36 million. Paysign had a return on equity of 30.13% and a net margin of 15.67%.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 predict that Paysign, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barrington Research set a $15.00 price target on Paysign in a research report on Tuesday, August 11th. Lake Street Capital reiterated a “buy” rating and set a $13.00 target price on shares of Paysign in a report on Thursday, August 6th. Wall Street Zen downgraded shares of Paysign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Finally, DA Davidson boosted their price target on Paysign from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $13.33.

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.