GSA Capital Partners LLP Takes $979,000 Position in Paysign, Inc. $PAYS

GSA Capital Partners LLP bought a new stake in Paysign, Inc. (NASDAQ:PAYS) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 119,578 shares of the company’s stock, valued at approximately $979,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAYS. Punch & Associates Investment Management Inc. lifted its position in Paysign by 164.6% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,462,560 shares of the company’s stock valued at $7,532,000 after acquiring an additional 909,825 shares during the last quarter. Two Sigma Investments LP increased its position in shares of 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 purchasing an additional 294,041 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Paysign in the 3rd quarter valued at about $1,640,000. Marshall Wace LLP acquired a new stake in shares of Paysign in the 2nd quarter valued at about $1,716,000. Finally, Renaissance Technologies LLC grew its stake in Paysign by 17.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company’s stock worth $9,033,000 after buying an additional 227,300 shares during the last quarter. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Paysign Trading Up 4.0%

PAYS stock opened at $13.52 on Wednesday. The firm has a 50 day moving average of $9.13 and a 200-day moving average of $6.54. Paysign, Inc. has a 12-month low of $3.08 and a 12-month high of $13.74. The company has a market cap of $763.34 million, a price-to-earnings ratio of 52.00 and a beta of 0.74.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. Paysign had a return on equity of 30.13% and a net margin of 15.67%.The business had revenue of $28.25 million for the quarter, compared to analyst estimates 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. Sell-side analysts forecast that Paysign, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PAYS. Barrington Research set a $15.00 price objective on Paysign in a research note on Tuesday, August 11th. Lake Street Capital reiterated a “buy” rating and issued a $13.00 price target on shares of Paysign in a research report on Thursday, August 6th. Wall Street Zen cut shares of Paysign from a “strong-buy” rating to a “buy” rating in a research note on Sunday. DA Davidson raised their price objective on shares of Paysign from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $13.33.

Insider Transactions at Paysign

In other Paysign news, EVP Joan M. Herman sold 100,000 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $8.01, for a total transaction of $801,000.00. Following the sale, the executive vice president directly owned 707,009 shares in the company, valued at approximately $5,663,142.09. The trade was a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Newcomer sold 150,000 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $11.88, for a total value of $1,782,000.00. Following the completion of the sale, the chief executive officer directly owned 9,163,002 shares in the company, valued at $108,856,463.76. This trade represents a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 406,736 shares of company stock valued at $4,027,179 in the last three months. 24.50% of the stock is owned by company insiders.

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.