State of Wyoming Invests $556,000 in Paysign, Inc. $PAYS

State of Wyoming bought a new stake in Paysign, Inc. (NASDAQ:PAYS) during the 2nd quarter, Holdings Channel reports. The firm bought 67,848 shares of the company’s stock, valued at approximately $556,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Paysign during the second quarter worth approximately $30,000. BNP Paribas Financial Markets boosted its stake in Paysign by 99.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock valued at $43,000 after purchasing an additional 3,453 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Paysign by 381.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock valued at $51,000 after purchasing an additional 7,825 shares during the period. Jane Street Group LLC acquired a new position in Paysign in the 1st quarter valued at $51,000. Finally, SG Americas Securities LLC acquired a new position in Paysign in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 25.89% of the company’s stock.

Wall Street Analyst Weigh In

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

Paysign Stock Performance

NASDAQ:PAYS opened at $13.17 on Monday. The company has a market capitalization of $743.58 million, a PE ratio of 50.66 and a beta of 0.74. The company has a 50 day simple moving average of $8.87 and a two-hundred day simple moving average of $6.41. Paysign, Inc. has a fifty-two week low of $3.08 and a fifty-two week high of $13.25.

Paysign (NASDAQ:PAYS) last issued its quarterly 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. Paysign had a net margin of 15.67% and a return on equity of 30.13%. The firm had revenue of $28.25 million for the quarter, compared to the consensus estimate of $26.36 million. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. Research analysts predict that Paysign, Inc. will post 0.58 EPS for the current year.

Insider Activity

In other Paysign news, Director Bruce A. Mina sold 10,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $7.09, for a total transaction of $70,900.00. Following the sale, the director owned 258,500 shares of the company’s stock, valued at approximately $1,832,765. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Newcomer sold 150,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $11.88, for a total value of $1,782,000.00. Following the sale, the chief executive officer owned 9,163,002 shares of the company’s stock, valued at approximately $108,856,463.76. The trade was a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 406,736 shares of company stock worth $4,027,179 over the last ninety days. Corporate insiders own 24.50% of the company’s stock.

About Paysign

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.