Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer Sells 12,000 Shares

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 12,000 shares of Paysign stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $2.85, for a total transaction of $34,200.00. Following the completion of the sale, the chief executive officer now owns 9,036,886 shares in the company, valued at $25,755,125.10. This trade represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mark Newcomer also recently made the following trade(s):

• On Tuesday, January 21st, Mark Newcomer sold 61,000 shares of Paysign stock. The shares were sold at an average price of $2.89, for a total transaction of $176,290.00.
• On Monday, December 9th, Mark Newcomer sold 41,000 shares of Paysign stock. The stock was sold at an average price of $3.31, for a total transaction of $135,710.00.
• On Wednesday, November 20th, Mark Newcomer sold 25,000 shares of Paysign stock. The shares were sold at an average price of $3.27, for a total value of $81,750.00.
• On Monday, November 18th, Mark Newcomer sold 40,000 shares of Paysign stock. The stock was sold at an average price of $3.24, for a total value of $129,600.00.

Paysign Trading Up 1.4 %

NASDAQ:PAYS traded up $0.04 on Thursday, hitting $2.90. The company’s stock had a trading volume of 196,394 shares, compared to its average volume of 321,771. Paysign, Inc. has a one year low of $2.70 and a one year high of $5.59. The firm has a market capitalization of $155.30 million, a P/E ratio of 19.33 and a beta of 0.95. The stock has a fifty day moving average of $3.16 and a two-hundred day moving average of $3.91.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Paysign had a return on equity of 30.64% and a net margin of 14.28%. The business had revenue of $15.26 million for the quarter, compared to analysts’ expectations of $14.96 million. During the same quarter in the prior year, the business earned $0.02 EPS. As a group, sell-side analysts anticipate that Paysign, Inc. will post 0.21 EPS for the current year.

Analyst Ratings Changes

PAYS has been the topic of several recent analyst reports. Lake Street Capital initiated coverage on Paysign in a research report on Friday, December 20th. They set a “buy” rating and a $6.00 price target on the stock. Barrington Research reaffirmed an “outperform” rating and set a $7.00 price target on shares of Paysign in a research report on Monday, November 4th.

Institutional Trading of Paysign

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Paysign by 5.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 85,964 shares of the company’s stock valued at $371,000 after acquiring an additional 4,248 shares during the period. Rhumbline Advisers grew its position in shares of Paysign by 25.1% in the second quarter. Rhumbline Advisers now owns 35,835 shares of the company’s stock valued at $154,000 after purchasing an additional 7,190 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Paysign in the second quarter valued at approximately $92,000. Dimensional Fund Advisors LP increased its stake in shares of Paysign by 51.5% during the second quarter. Dimensional Fund Advisors LP now owns 116,779 shares of the company’s stock worth $502,000 after purchasing an additional 39,710 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Paysign by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,504,380 shares of the company’s stock worth $6,484,000 after purchasing an additional 301,000 shares during the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

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.