Bank of America Corp DE Grows Stock Position in Paysign, Inc. $PAYS

Key Points

• Bank of America increased its Paysign stake by 345.9% in the first quarter, bringing its holdings to 130,930 shares worth approximately $772,000. Institutional investors collectively own 25.89% of the company.
• Paysign insiders sold 345,000 shares worth $3.56 million over the past three months, including sales by the CFO and a director. Corporate insiders still own 24.50% of the stock.
• Paysign reported quarterly EPS of $0.11, exceeding estimates of $0.06, while revenue of $28.25 million also topped expectations. Analysts maintain a consensus “Buy” rating with an average price target of $13.33.

Bank of America Corp DE increased its stake in Paysign, Inc. (NASDAQ:PAYS - Free Report) by 345.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,930 shares of the company's stock after acquiring an additional 101,568 shares during the period. Bank of America Corp DE owned about 0.23% of Paysign worth $772,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of Paysign in the second quarter worth approximately $30,000. BNP Paribas Financial Markets raised 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 buying an additional 3,453 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Paysign by 381.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company's stock valued at $51,000 after buying an additional 7,825 shares during the period. Jane Street Group LLC purchased a new stake in Paysign during the 1st quarter valued at $51,000. Finally, Quarry LP bought a new stake in Paysign in the 3rd quarter worth $54,000. 25.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Jeffery Baker sold 35,000 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the transaction, the chief financial officer directly owned 542,171 shares in the company, valued at $6,842,198.02. This trade represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce A. Mina sold 10,000 shares of the firm's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $7.09, for a total value of $70,900.00. Following the transaction, the director owned 258,500 shares of the company's stock, valued at $1,832,765. The trade was a 3.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 345,000 shares of company stock worth $3,564,600 over the last three months. 24.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Paysign Price Performance

Shares of NASDAQ PAYS opened at $13.45 on Monday. Paysign, Inc. has a 1 year low of $3.08 and a 1 year high of $14.43. The firm has a 50-day moving average of $10.68 and a 200 day moving average of $7.41. The stock has a market cap of $759.39 million, a P/E ratio of 51.73 and a beta of 0.80.

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

Paysign 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.

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