Payment Data Systems, Inc. (NASDAQ:PYDS) insider Louis A. Hoch sold 28,718 shares of Payment Data Systems stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $2.85, for a total transaction of $81,846.30. Following the sale, the insider now directly owns 2,451,254 shares of the company’s stock, valued at approximately $6,986,073.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Payment Data Systems, Inc. (PYDS) traded up $0.38 during trading on Friday, reaching $2.88. 2,276,209 shares of the company’s stock traded hands, compared to its average volume of 240,777. Payment Data Systems, Inc. has a twelve month low of $1.17 and a twelve month high of $4.10.

Several analysts recently commented on PYDS shares. ValuEngine raised shares of Payment Data Systems from a “sell” rating to a “hold” rating in a report on Friday, September 1st. TheStreet upgraded shares of Payment Data Systems from a “d” rating to a “c-” rating in a research note on Monday, November 27th.

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About Payment Data Systems

Payment Data Systems, Inc is engaged in the business of processing electronic payments for other companies, including a range of automated clearing house (ACH) processing, credit, prepaid card and debit card-based processing. The Company is an integrated payment solutions provider offering a range of services to merchants, billers, banks, service bureaus, and card issuers.

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