198,904 Shares in Paysign, Inc. $PAYS Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 198,904 Paysign shares worth approximately $1.63 million, giving it a 0.36% stake. Institutional investors and hedge funds collectively own 25.89% of the company.
• Paysign reported quarterly EPS of $0.11, beating the $0.06 consensus estimate, while revenue of $28.25 million also exceeded expectations. The company issued fiscal 2026 EPS guidance of $0.35–$0.37.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $13.33. Shares recently opened at $12.88, though insiders—including the CEO—have sold a combined 345,000 shares worth about $3.56 million over the past 90 days.

Bank of New York Mellon Corp purchased a new stake in Paysign, Inc. (NASDAQ:PAYS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 198,904 shares of the company's stock, valued at approximately $1,629,000. Bank of New York Mellon Corp owned approximately 0.36% of Paysign at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PAYS. Rhumbline Advisers boosted its stake in shares of Paysign by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 48,770 shares of the company's stock valued at $351,000 after purchasing an additional 2,183 shares in the last quarter. Invesco Ltd. increased its position in shares of Paysign by 19.1% during the 2nd quarter. Invesco Ltd. now owns 16,942 shares of the company's stock worth $122,000 after purchasing an additional 2,716 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Paysign by 18.0% during the 3rd quarter. Intech Investment Management LLC now owns 17,851 shares of the company's stock worth $112,000 after purchasing an additional 2,723 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Paysign by 11.6% during the 3rd quarter. Alliancebernstein L.P. now owns 29,930 shares of the company's stock valued at $188,000 after purchasing an additional 3,100 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Paysign by 99.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company's stock valued at $43,000 after purchasing an additional 3,453 shares during the last quarter. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Paysign Stock Down 4.2%

Shares of NASDAQ PAYS opened at $12.88 on Wednesday. The firm's 50-day simple moving average is $10.87 and its 200 day simple moving average is $7.55. The company has a market cap of $727.20 million, a price-to-earnings ratio of 49.54 and a beta of 0.80. Paysign, Inc. has a 12-month low of $3.08 and a 12-month high of $14.43.

Paysign (NASDAQ:PAYS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. Paysign had a net margin of 15.67% and a return on equity of 30.13%. The firm had revenue of $28.25 million for the quarter, compared to analyst estimates of $26.36 million. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. On average, equities analysts expect that Paysign, Inc. will post 0.58 earnings per share for the current year.

Insider Activity at Paysign

In other Paysign news, Director Bruce A. Mina sold 10,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $7.09, for a total value of $70,900.00. Following the transaction, the director directly owned 258,500 shares in the company, valued at approximately $1,832,765. This trade represents a 3.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Newcomer sold 150,000 shares of Paysign stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $11.88, for a total value of $1,782,000.00. Following the completion of the sale, the chief executive officer directly owned 9,163,002 shares of the company's stock, valued at $108,856,463.76. This trade represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 345,000 shares of company stock worth $3,564,600. 24.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. DA Davidson upped their price objective on shares of Paysign from $9.00 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Wall Street Zen cut shares of Paysign from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 16th. Weiss Ratings raised Paysign from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 29th. Barrington Research set a $15.00 target price on Paysign in a report on Tuesday, August 11th. Finally, Lake Street Capital restated a "buy" rating and set a $13.00 price target on shares of Paysign in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $13.33.

Paysign Company Profile

Paysign, Inc NASDAQ: PAYS is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign's offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company's flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.