Insider Selling: Paysign, Inc. (NASDAQ:PAYS) Major Shareholder Sells $63,127.02 in Stock

Paysign, Inc. (NASDAQ:PAYS) major shareholder Topline Capital Partners, Lp sold 20,834 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $3.03, for a total value of $63,127.02. Following the transaction, the insider now directly owns 5,611,128 shares in the company, valued at $17,001,717.84. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Paysign Price Performance

Shares of PAYS stock opened at $2.86 on Friday. Paysign, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $5.59. The stock’s 50-day moving average is $3.38 and its two-hundred day moving average is $4.00. The firm has a market cap of $153.15 million, a P/E ratio of 19.07 and a beta of 0.93.

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

Analyst Ratings Changes

PAYS has been the topic of a number of research reports. Lake Street Capital started coverage on Paysign in a report on Friday, December 20th. They issued a “buy” rating and a $6.00 target price on the stock. Barrington Research reiterated an “outperform” rating and issued a $7.00 price objective on shares of Paysign in a research note on Monday, November 4th. Four 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 $6.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PAYS. Bank of New York Mellon Corp increased its position in Paysign by 5.2% during the second quarter. Bank of New York Mellon Corp now owns 85,964 shares of the company’s stock worth $371,000 after buying an additional 4,248 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Paysign by 4.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 121,089 shares of the company’s stock worth $419,000 after acquiring an additional 5,000 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Paysign by 25.1% during the 2nd quarter. Rhumbline Advisers now owns 35,835 shares of the company’s stock valued at $154,000 after acquiring an additional 7,190 shares during the last quarter. Algert Global LLC bought a new position in shares of Paysign in the 2nd quarter valued at approximately $46,000. Finally, SG Americas Securities LLC acquired a new stake in Paysign in the 3rd quarter worth approximately $43,000. Institutional investors 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.