Insider Selling: Paysign, Inc. (NASDAQ:PAYS) Insider Sells 120,000 Shares of Stock

Paysign, Inc. (NASDAQ:PAYS) insider Topline Capital Management, Ll sold 120,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $3.24, for a total transaction of $388,800.00. Following the completion of the transaction, the insider now owns 5,336,146 shares in the company, valued at $17,289,113.04. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Topline Capital Management, Ll also recently made the following trade(s):

• On Monday, December 30th, Topline Capital Management, Ll sold 227,084 shares of Paysign stock. The stock was sold at an average price of $3.07, for a total transaction of $697,147.88.
• On Friday, December 27th, Topline Capital Management, Ll sold 231,187 shares of Paysign stock. The stock was sold at an average price of $3.31, for a total value of $765,228.97.

Paysign Trading Down 5.5 %

Paysign stock traded down $0.18 during trading on Wednesday, hitting $3.07. The company had a trading volume of 270,262 shares, compared to its average volume of 354,662. The company’s 50 day simple moving average is $3.25 and its 200-day simple moving average is $3.94. Paysign, Inc. has a 1-year low of $2.48 and a 1-year high of $5.59. The stock has a market cap of $164.39 million, a price-to-earnings ratio of 20.47 and a beta of 0.95.

Paysign (NASDAQ:PAYS) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $14.96 million. During the same period in the previous year, the firm posted $0.02 earnings per share. As a group, analysts forecast that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on PAYS. Lake Street Capital initiated coverage on Paysign in a research report on Friday, December 20th. They issued a “buy” rating and a $6.00 target price on the stock. Barrington Research restated an “outperform” rating and issued a $7.00 price objective on shares of Paysign in a report on Monday, November 4th.

Institutional Trading of Paysign

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Paysign in the third quarter valued at approximately $43,000. Algert Global LLC purchased a new position in Paysign in the 2nd quarter valued at approximately $46,000. The Manufacturers Life Insurance Company acquired a new position in shares of Paysign in the second quarter worth $66,000. American Century Companies Inc. purchased a new stake in shares of Paysign during the second quarter worth $92,000. Finally, Bard Associates Inc. acquired a new stake in shares of Paysign in the third quarter valued at $103,000. 25.89% of the stock is currently owned by hedge funds and other institutional investors.

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.