Insider Selling: Paysign, Inc. (NASDAQ:PAYS) Insider Sells 227,084 Shares of Stock

Paysign, Inc. (NASDAQ:PAYS) insider Topline Capital Management, Ll sold 227,084 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $3.07, for a total transaction of $697,147.88. Following the sale, the insider now directly owns 5,631,962 shares of the company’s stock, valued at $17,290,123.34. This represents a 3.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, December 27th, Topline Capital Management, Ll sold 231,187 shares of Paysign stock. The shares were sold at an average price of $3.31, for a total transaction of $765,228.97.

Paysign Price Performance

Paysign stock opened at $2.86 on Friday. The company has a market cap of $153.15 million, a price-to-earnings ratio of 19.07 and a beta of 0.93. The firm has a 50-day moving average of $3.38 and a 200-day moving average of $4.00. Paysign, Inc. has a one year low of $2.40 and a one year high of $5.59.

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

Hedge Funds Weigh In On Paysign

Hedge funds and other institutional investors have recently made changes to their positions in the company. Joule Financial LLC acquired a new position in shares of Paysign during the 3rd quarter worth about $1,478,000. Renaissance Technologies LLC grew its holdings in Paysign by 25.0% during 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 during the period. Royce & Associates LP acquired a new position in Paysign during the third quarter worth approximately $814,000. Sanctuary Advisors LLC bought a new stake in Paysign in the second quarter valued at approximately $512,000. Finally, Dimensional Fund Advisors LP raised its stake in Paysign by 51.5% in the second quarter. Dimensional Fund Advisors LP now owns 116,779 shares of the company’s stock valued at $502,000 after buying an additional 39,710 shares during the period. 25.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PAYS has been the topic of several recent research reports. Lake Street Capital assumed coverage on Paysign in a research note on Friday, December 20th. They issued a “buy” rating and a $6.00 price target on the stock. Barrington Research restated an “outperform” rating and issued a $7.00 target price on shares of Paysign in a research note on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $6.13.

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.