Dawson James reaffirmed their buy rating on shares of Payment Data Systems (NASDAQ:PYDS) in a research note issued to investors on Monday morning, Zacks.com reports. Dawson James also issued estimates for Payment Data Systems’ Q1 2019 earnings at ($0.07) EPS, Q2 2019 earnings at ($0.06) EPS, Q3 2019 earnings at ($0.06) EPS, Q4 2019 earnings at ($0.05) EPS and FY2019 earnings at ($0.24) EPS.

Several other equities research analysts have also recently commented on PYDS. Zacks Investment Research raised shares of 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 report on Wednesday, April 3rd. Barrington Research reaffirmed a buy rating and issued a $5.00 target price on shares of Payment Data Systems in a research report on Tuesday, March 26th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Payment Data Systems has a consensus rating of Buy and a consensus target price of $3.92.

NASDAQ:PYDS opened at $2.38 on Monday. Payment Data Systems has a 12 month low of $1.38 and a 12 month high of $3.82. The stock has a market capitalization of $42.15 million, a PE ratio of -7.68 and a beta of 1.92.

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 Thomson Reuters’ consensus estimate of ($0.08) by $0.01. Payment Data Systems had a negative net margin of 15.09% and a negative return on equity of 31.12%. The firm had revenue of $6.42 million during the quarter, compared to analysts’ expectations of $6.84 million. As a group, research analysts predict that Payment Data Systems will post -0.26 earnings per share for the current year.

In related news, Director Steve Huffman sold 17,186 shares of Payment Data Systems stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $2.75, for a total transaction of $47,261.50. Following the completion of the transaction, the director now directly owns 49,481 shares of the company’s stock, valued at approximately $136,072.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 46.60% of the company’s stock.

A hedge fund recently bought a new stake in Payment Data Systems stock. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Payment Data Systems, Inc. (NASDAQ:PYDS) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 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 at the end of the most recent reporting period. 1.82% of the stock is currently owned by hedge funds and other institutional investors.

About Payment Data Systems

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.

Read More: Strangles

Receive News & Ratings for Payment Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Payment Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.