Mesirow Financial Investment Management Inc. bought a new stake in Payment Data Systems, Inc. (NASDAQ:PYDS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 96,401 shares of the business services provider’s stock, valued at approximately $253,000. Mesirow Financial Investment Management Inc. owned 0.57% of Payment Data Systems as of its most recent SEC filing.

Separately, Essex Investment Management Co. LLC lifted its stake in shares of Payment Data Systems by 36.6% in the 4th quarter. Essex Investment Management Co. LLC now owns 165,774 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 44,429 shares during the period. Institutional investors own 1.82% of the company’s stock.

In related news, Director Steve Huffman sold 17,186 shares of Payment Data Systems stock in a transaction on Monday, February 25th. The stock was sold at an average price of $2.75, for a total value of $47,261.50. Following the completion of the sale, the director now owns 49,481 shares of the company’s stock, valued at $136,072.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 46.60% of the stock is currently owned by company insiders.

Shares of NASDAQ:PYDS opened at $2.47 on Wednesday. The firm has a market cap of $41.65 million, a price-to-earnings ratio of -7.97 and a beta of 1.93. Payment Data Systems, Inc. has a 12-month low of $1.38 and a 12-month high of $3.82.

Payment Data Systems (NASDAQ:PYDS) last posted its earnings results on Wednesday, March 27th. The business services provider reported ($0.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.01. The business had revenue of $6.42 million during the quarter, compared to analyst estimates of $6.84 million. Payment Data Systems had a negative return on equity of 31.12% and a negative net margin of 15.09%. As a group, equities research analysts forecast that Payment Data Systems, Inc. will post -0.22 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Payment Data Systems from a “hold” rating to a “strong-buy” rating and set a $2.75 target price for the company in a research note on Wednesday, April 3rd. Barrington Research reiterated a “buy” rating and set a $5.00 price objective on shares of Payment Data Systems in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Payment Data Systems currently has an average rating of “Buy” and an average price target of $3.92.

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Payment Data Systems Profile

Payment Data Systems, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services.

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