Paysign’s (PAYS) “Outperform” Rating Reaffirmed at Barrington Research

Paysign (NASDAQ:PAYS)‘s stock had its “outperform” rating reaffirmed by investment analysts at Barrington Research in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $5.50 price objective on the stock. Barrington Research’s target price indicates a potential upside of 17.02% from the stock’s previous close.

Separately, DA Davidson raised their target price on shares of Paysign from $4.50 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, April 30th.

Paysign Stock Down 0.6 %

Paysign stock traded down $0.03 during trading hours on Monday, hitting $4.70. 97,243 shares of the company traded hands, compared to its average volume of 371,803. The firm’s 50-day simple moving average is $3.79 and its two-hundred day simple moving average is $2.99. The firm has a market cap of $248.96 million, a P/E ratio of 39.17 and a beta of 0.98. Paysign has a 1-year low of $1.67 and a 1-year high of $4.80.

Paysign (NASDAQ:PAYS) last announced its earnings results on Tuesday, March 26th. The company reported $0.10 earnings per share (EPS) for the quarter. Paysign had a net margin of 13.66% and a return on equity of 34.33%. The business had revenue of $13.69 million for the quarter, compared to analyst estimates of $11.57 million. On average, equities research analysts predict that Paysign will post 0.22 earnings per share for the current year.

Insider Transactions at Paysign

In other news, insider Topline Capital Management, Ll acquired 54,183 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average cost of $2.97 per share, with a total value of $160,923.51. Following the acquisition, the insider now owns 6,153,500 shares in the company, valued at approximately $18,275,895. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Topline Capital Management, Ll purchased 54,183 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $2.97 per share, with a total value of $160,923.51. Following the completion of the purchase, the insider now owns 6,153,500 shares in the company, valued at $18,275,895. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Topline Capital Partners, Lp acquired 25,082 shares of Paysign stock in a transaction on Wednesday, February 21st. The shares were purchased at an average price of $3.08 per share, for a total transaction of $77,252.56. Following the completion of the acquisition, the insider now directly owns 5,761,918 shares in the company, valued at $17,746,707.44. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 476,086 shares of company stock worth $1,416,208. 23.30% of the stock is owned by company insiders.

Institutional Trading of Paysign

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norden Group LLC boosted its holdings in Paysign by 38.7% in the 1st quarter. Norden Group LLC now owns 14,883 shares of the company’s stock valued at $54,000 after purchasing an additional 4,151 shares in the last quarter. Bridge City Capital LLC purchased a new stake in Paysign during the 3rd quarter worth $61,000. Portside Wealth Group LLC lifted its holdings in Paysign by 33.7% in the 3rd quarter. Portside Wealth Group LLC now owns 33,740 shares of the company’s stock worth $68,000 after buying an additional 8,508 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Paysign by 18.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock valued at $74,000 after purchasing an additional 5,874 shares in the last quarter. Finally, Spouting Rock Asset Management LLC grew its position in Paysign by 39.0% in the 3rd quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock worth $74,000 after purchasing an additional 10,700 shares during the last quarter. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Paysign Company Profile

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.