Paysign (NASDAQ:PAYS) Insider Sells 79,925 Shares of Stock

Paysign, Inc. (NASDAQ:PAYS) insider Michael Ngo sold 79,925 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $12.74, for a total value of $1,018,244.50. Following the completion of the sale, the insider directly owned 2,350,000 shares of the company’s stock, valued at approximately $29,939,000. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Paysign Stock Up 2.4%

Shares of PAYS traded up $0.31 during trading hours on Thursday, reaching $13.34. The company’s stock had a trading volume of 820,654 shares, compared to its average volume of 693,808. The company has a 50 day moving average of $11.07 and a two-hundred day moving average of $7.69. The firm has a market cap of $753.18 million, a price-to-earnings ratio of 51.31 and a beta of 0.80. Paysign, Inc. has a 1-year low of $3.08 and a 1-year high of $14.43.

Paysign (NASDAQ:PAYS) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $28.25 million for the quarter, compared to analyst estimates of $26.36 million. Paysign had a net margin of 15.67% and a return on equity of 30.13%. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. As a group, analysts forecast that Paysign, Inc. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PAYS shares. Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Lake Street Capital reissued a “buy” rating and issued a $13.00 price target on shares of Paysign in a research note on Thursday, August 6th. DA Davidson raised their price objective on shares of Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Barrington Research set a $15.00 target price on shares of Paysign in a research note on Tuesday, August 11th. Finally, Wall Street Zen downgraded shares of Paysign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Paysign presently has a consensus rating of “Buy” and an average price target of $13.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Topline Capital Management LLC raised its stake in shares of Paysign by 1.6% in the 2nd 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. BlackRock Inc. bought a new position in shares of Paysign in the second quarter valued at approximately $25,219,000. Punch & Associates Investment Management Inc. acquired a new stake in shares of Paysign in the second quarter worth $16,983,000. Vanguard Group Inc. lifted its stake in shares of Paysign by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,820,371 shares of the company’s stock worth $11,450,000 after buying an additional 29,150 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of 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 period. Institutional investors and hedge funds own 25.89% 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.