Daniel R. Henry Acquires 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 firm's stock in a transaction that occurred on Monday, June 16th. The stock was bought at an average price of $4.96 per share, with a total value of $50,016.64. Following the transaction, the director now directly owns 129,884 shares in the company, valued at $644,224.64. This trade represents a 8.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Paysign Trading Up 5.6%

Shares of Paysign stock opened at $5.13 on Tuesday. The stock has a 50-day moving average price of $3.24 and a 200 day moving average price of $2.92. The company has a market cap of $278.14 million, a P/E ratio of 34.20 and a beta of 0.60. Paysign, Inc. has a 1 year low of $1.80 and a 1 year high of $5.59.

Paysign (NASDAQ:PAYS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. Paysign had a return on equity of 30.64% and a net margin of 14.28%. The company had revenue of $18.60 million during the quarter, compared to the consensus estimate of $17.49 million. On average, equities analysts forecast that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paysign

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Topline Capital Management LLC purchased a new stake in shares of Paysign during the 4th quarter worth about $16,946,000. Renaissance Technologies LLC raised its stake in shares of Paysign by 11.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,501,622 shares of the company's stock worth $4,535,000 after purchasing an additional 149,200 shares in the last quarter. 1248 Management LLC purchased a new stake in shares of Paysign during the 4th quarter worth about $2,778,000. Millennium Management LLC raised its stake in shares of Paysign by 123.6% during the 4th quarter. Millennium Management LLC now owns 325,334 shares of the company's stock worth $983,000 after purchasing an additional 179,814 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Paysign by 4.5% during the 4th quarter. Northern Trust Corp now owns 274,005 shares of the company's stock worth $827,000 after purchasing an additional 11,806 shares in the last quarter. 25.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PAYS has been the subject of a number of recent analyst reports. Lake Street Capital increased 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. DA Davidson set a $8.00 price objective on Paysign in a research note on Friday. LADENBURG THALM/SH SH increased their price objective on Paysign from $7.25 to $8.25 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Barrington Research reissued an "outperform" rating and issued a $7.00 price objective on shares of Paysign in a research note on Wednesday, March 26th.

About Paysign

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.

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