Paysign (NASDAQ:PAYS) CEO Sells $469,000.00 in Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 50,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $9.38, for a total value of $469,000.00. Following the completion of the sale, the chief executive officer directly owned 9,222,027 shares of the company’s stock, valued at approximately $86,502,613.26. This represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paysign Stock Performance

Shares of Paysign stock opened at $8.96 on Monday. The business’s 50 day moving average price is $7.95 and its 200 day moving average price is $5.91. The company has a market cap of $500.92 million, a price-to-earnings ratio of 52.71 and a beta of 0.72. Paysign, Inc. has a one year low of $3.08 and a one year high of $9.49.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Paysign

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Punch & Associates Investment Management Inc. raised its holdings in Paysign by 164.6% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 1,462,560 shares of the company’s stock valued at $7,532,000 after buying an additional 909,825 shares during the period. Two Sigma Investments LP boosted its stake in Paysign by 139.5% during the third quarter. Two Sigma Investments LP now owns 504,887 shares of the company’s stock worth $3,176,000 after buying an additional 294,041 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Paysign during the third quarter worth about $1,640,000. Marshall Wace LLP acquired a new stake in shares of Paysign during the second quarter valued at about $1,716,000. Finally, Renaissance Technologies LLC increased its position in shares of Paysign by 17.4% during the first quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company’s stock valued at $9,033,000 after acquiring an additional 227,300 shares during the last quarter. Hedge funds and other institutional investors own 25.89% of the company’s stock.

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.