Joule Financial LLC Acquires New Shares in Paysign, Inc. (NASDAQ:PAYS)

Joule Financial LLC bought a new position in Paysign, Inc. (NASDAQ:PAYS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 402,783 shares of the company’s stock, valued at approximately $1,478,000. Paysign accounts for approximately 0.5% of Joule Financial LLC’s holdings, making the stock its 28th largest position. Joule Financial LLC owned 0.76% of Paysign as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Paysign by 25.0% in the second 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 in the last quarter. Sanctuary Advisors LLC bought a new position in Paysign in the 2nd quarter valued at about $512,000. Herr Investment Group LLC acquired a new position in Paysign during the 1st quarter valued at about $179,000. Vanguard Group Inc. raised its position in shares of Paysign by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 1,649,043 shares of the company’s stock worth $6,035,000 after buying an additional 48,489 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Paysign during the 1st quarter worth about $147,000. 25.89% of the stock is currently owned by institutional investors.

Paysign Trading Up 0.2 %

NASDAQ:PAYS traded up $0.01 during mid-day trading on Friday, reaching $4.02. 8,375 shares of the stock were exchanged, compared to its average volume of 259,538. The business has a fifty day moving average price of $4.29 and a 200 day moving average price of $4.41. Paysign, Inc. has a 1-year low of $1.67 and a 1-year high of $5.59. The firm has a market capitalization of $212.97 million, a PE ratio of 30.85 and a beta of 0.96.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter. Paysign had a net margin of 14.42% and a return on equity of 32.55%. The company had revenue of $14.33 million for the quarter, compared to analysts’ expectations of $14.07 million. On average, sell-side analysts forecast that Paysign, Inc. will post 0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and set a $7.00 price objective on shares of Paysign in a research note on Friday, June 28th.

Insider Transactions at Paysign

In other news, major shareholder Daniel Spence sold 100,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $3.60, for a total transaction of $360,000.00. Following the completion of the sale, the insider now directly owns 9,090,000 shares of the company’s stock, valued at $32,724,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Joan M. Herman sold 15,854 shares of Paysign stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $4.54, for a total transaction of $71,977.16. Following the completion of the sale, the executive vice president now directly owns 799,743 shares in the company, valued at $3,630,833.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Daniel Spence sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $3.60, for a total value of $360,000.00. Following the completion of the sale, the insider now directly owns 9,090,000 shares of the company’s stock, valued at approximately $32,724,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 302,169 shares of company stock valued at $1,263,227 in the last three months. 23.40% of the stock is currently owned by corporate insiders.

Paysign 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.