New York State Common Retirement Fund Raises Stake in Paysign, Inc. $PAYS

New York State Common Retirement Fund increased its stake in Paysign, Inc. (NASDAQ:PAYS) by 2,943.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 385,732 shares of the company’s stock after buying an additional 373,057 shares during the period. New York State Common Retirement Fund owned 0.71% of Paysign worth $2,426,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PAYS. Topline Capital Management LLC raised its stake in shares of Paysign by 1.6% during the second quarter. Topline Capital Management LLC now owns 5,421,737 shares of the company’s stock valued at $39,037,000 after acquiring an additional 85,591 shares in the last quarter. Palisades Investment Partners LLC acquired a new position in Paysign during the 3rd quarter valued at about $5,646,000. Geode Capital Management LLC raised its stake in Paysign by 1.6% in the second quarter. Geode Capital Management LLC now owns 788,500 shares of the company’s stock valued at $5,679,000 after buying an additional 12,490 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Paysign by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock worth $548,000 after acquiring an additional 17,466 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Paysign in the 2nd quarter valued at approximately $1,716,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PAYS has been the subject of several research reports. DA Davidson restated a “buy” rating and set a $9.00 price objective on shares of Paysign in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paysign in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Paysign from a “buy” rating to a “hold” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.56.

Paysign Stock Performance

NASDAQ:PAYS opened at $3.72 on Monday. The company has a fifty day moving average of $4.86 and a two-hundred day moving average of $5.38. Paysign, Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $8.88. The stock has a market capitalization of $204.75 million, a PE ratio of 28.62 and a beta of 0.96.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Paysign had a return on equity of 19.18% and a net margin of 10.10%.The firm had revenue of $21.60 million during the quarter, compared to the consensus estimate of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. Research analysts forecast that Paysign, Inc. will post 0.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert Strobo sold 20,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $5.47, for a total transaction of $109,400.00. Following the completion of the sale, the insider owned 327,290 shares of the company’s stock, valued at approximately $1,790,276.30. This represents a 5.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.40% 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.