Dimensional Fund Advisors LP increased its position in shares of Paysign, Inc. (NASDAQ:PAYS - Free Report) by 51.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,899 shares of the company's stock after acquiring an additional 90,702 shares during the period. Dimensional Fund Advisors LP owned about 0.50% of Paysign worth $809,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Paysign in the fourth quarter valued at approximately $489,000. Renaissance Technologies LLC boosted its position in Paysign by 11.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,501,622 shares of the company's stock valued at $4,535,000 after buying an additional 149,200 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Paysign by 145.6% in the fourth quarter. JPMorgan Chase & Co. now owns 155,347 shares of the company's stock valued at $469,000 after buying an additional 92,100 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in Paysign in the fourth quarter valued at approximately $259,000. Finally, WINTON GROUP Ltd boosted its position in Paysign by 514.9% in the fourth quarter. WINTON GROUP Ltd now owns 90,710 shares of the company's stock valued at $274,000 after buying an additional 75,959 shares in the last quarter. Institutional investors and hedge funds own 25.89% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Barrington Research restated an "outperform" rating and issued a $7.00 target price on shares of Paysign in a research report on Wednesday, March 26th. DA Davidson raised their price target on shares of Paysign from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. LADENBURG THALM/SH SH raised their price target on shares of Paysign from $7.25 to $8.25 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Lake Street Capital raised their price target on shares of Paysign from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Friday, May 9th.
Check Out Our Latest Analysis on PAYS
Paysign Stock Down 0.8%
Shares of PAYS stock traded down $0.03 during trading hours on Thursday, hitting $3.52. 193,567 shares of the company's stock traded hands, compared to its average volume of 211,099. The stock's 50 day simple moving average is $2.46 and its 200 day simple moving average is $2.82. The stock has a market cap of $190.85 million, a PE ratio of 23.47 and a beta of 0.23. Paysign, Inc. has a 12 month low of $1.80 and a 12 month high of $5.59.
Paysign (NASDAQ:PAYS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $18.60 million during the quarter, compared to the consensus estimate of $17.49 million. Paysign had a net margin of 14.28% and a return on equity of 30.64%. As a group, equities research analysts expect that Paysign, Inc. will post 0.21 EPS for the current fiscal year.
Insider Activity at Paysign
In related news, CEO Mark Newcomer sold 100,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $2.73, for a total value of $273,000.00. Following the transaction, the chief executive officer now owns 8,936,886 shares in the company, valued at $24,397,698.78. The trade was a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.40% of the stock is owned by company insiders.
Paysign Profile
(
Free Report)
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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