Insider Buying: Paysign, Inc. (NASDAQ:PAYS) Director Purchases 19,800 Shares of Stock

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) Director Daniel R. Henry acquired 19,800 shares of Paysign stock in a transaction on Wednesday, May 14th. The shares were purchased at an average cost of $3.42 per share, for a total transaction of $67,716.00. Following the acquisition, the director now owns 99,800 shares in the company, valued at approximately $341,316. This represents a 24.75% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Paysign Price Performance

Shares of Paysign stock traded up $0.02 on Friday, hitting $4.45. 421,376 shares of the company's stock traded hands, compared to its average volume of 222,840. The firm's 50-day moving average price is $2.64 and its two-hundred day moving average price is $2.82. The stock has a market capitalization of $241.27 million, a PE ratio of 29.67 and a beta of 0.23. Paysign, Inc. has a one year low of $1.80 and a one year high of $5.59.

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

Institutional Trading of Paysign

Several institutional investors and hedge funds have recently made changes to their positions in the business. PDT Partners LLC bought a new stake in shares of Paysign in the 4th quarter valued at $39,000. Royce & Associates LP increased its position in shares of Paysign by 36.5% in the 1st quarter. Royce & Associates LP now owns 19,319 shares of the company's stock valued at $41,000 after buying an additional 5,166 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Paysign by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,385 shares of the company's stock valued at $46,000 after buying an additional 5,243 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Paysign by 33.5% in the 4th quarter. SG Americas Securities LLC now owns 15,508 shares of the company's stock valued at $47,000 after buying an additional 3,895 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Paysign in the 1st quarter valued at $51,000. Institutional investors own 25.89% of the company's stock.

Analyst Ratings Changes

PAYS has been the topic of several research reports. LADENBURG THALM/SH SH upped their price objective on Paysign from $7.25 to $8.25 and gave the stock a "buy" rating in a report on Friday, May 9th. Barrington Research reaffirmed an "outperform" rating and set a $7.00 price objective on shares of Paysign in a report on Wednesday, March 26th. DA Davidson upped their target price on shares of Paysign from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Lake Street Capital upped their target price on shares of Paysign from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Friday, May 9th.

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.