Daniel R. Henry Purchases 10,084 Shares of Paysign, Inc. (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) Director Daniel R. Henry purchased 10,084 shares of the stock in a transaction on Monday, June 16th. The stock was acquired at an average cost of $4.96 per share, for a total transaction of $50,016.64. Following the acquisition, the director now directly owns 129,884 shares in the company, valued at approximately $644,224.64. This trade represents a 8.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paysign Stock Performance

Shares of NASDAQ PAYS traded up $0.33 during mid-day trading on Friday, hitting $5.45. 970,481 shares of the stock were exchanged, compared to its average volume of 238,585. Paysign, Inc. has a twelve month low of $1.80 and a twelve month high of $5.59. The stock's fifty day simple moving average is $3.42 and its two-hundred day simple moving average is $2.96. The company has a market cap of $295.50 million, a P/E ratio of 49.55 and a beta of 0.60.

Paysign (NASDAQ:PAYS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. Paysign had a return on equity of 19.49% and a net margin of 9.55%. The business had revenue of $18.60 million for the quarter, compared to analyst estimates of $17.49 million. As a group, equities research analysts predict that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barrington Research reaffirmed an "outperform" rating and set a $7.00 price objective on shares of Paysign in a report on Wednesday, March 26th. LADENBURG THALM/SH SH boosted their price target on Paysign from $7.25 to $8.25 and gave the company a "buy" rating in a research note on Friday, May 9th. Lake Street Capital upped their price target on Paysign from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, DA Davidson set a $8.00 price objective on Paysign in a report on Friday, June 13th.

Institutional Trading of Paysign

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its position in Paysign by 5.2% during the 1st quarter. Rhumbline Advisers now owns 46,587 shares of the company's stock worth $99,000 after buying an additional 2,303 shares in the last quarter. Strs Ohio acquired a new position in shares of Paysign during the first quarter worth approximately $259,000. Jane Street Group LLC acquired a new position in shares of Paysign during the first quarter worth approximately $51,000. Goldman Sachs Group Inc. grew its stake in shares of Paysign by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company's stock valued at $548,000 after purchasing an additional 17,466 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Paysign in the first quarter valued at approximately $95,000. 25.89% of the stock is currently owned by institutional investors and hedge funds.

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.