BlackRock Inc. Buys Shares of 3,079,208 Paysign, Inc. $PAYS

Key Points

• BlackRock acquired 3.08 million Paysign shares worth approximately $25.2 million, giving it a 5.51% stake. Institutional investors collectively own 25.89% of the company.
• Paysign reported quarterly EPS of $0.11, beating the $0.06 consensus estimate, while revenue reached $28.25 million versus expectations of $26.36 million. 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; however, insiders sold 345,000 shares worth about $3.56 million over the past 90 days.

BlackRock Inc. bought a new position in Paysign, Inc. (NASDAQ:PAYS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,079,208 shares of the company's stock, valued at approximately $25,219,000. BlackRock Inc. owned about 5.51% of Paysign as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Paysign by 16.8% during the first quarter. Dimensional Fund Advisors LP now owns 575,619 shares of the company's stock valued at $3,396,000 after buying an additional 82,736 shares during the period. Renaissance Technologies LLC raised its position in Paysign by 17.4% in the first quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company's stock worth $9,033,000 after acquiring an additional 227,300 shares during the period. OneDigital Investment Advisors LLC bought a new stake in shares of Paysign during the 2nd quarter valued at $877,000. Walleye Capital LLC purchased a new stake in shares of Paysign in the 1st quarter worth $1,110,000. Finally, Royce & Associates LP increased its stake in shares of Paysign by 25.0% in the 4th quarter. Royce & Associates LP now owns 778,183 shares of the company's stock worth $4,008,000 after purchasing an additional 155,606 shares in the last quarter. Hedge funds and other institutional investors own 25.89% of the company's stock.

Insider Activity at Paysign

In other news, CEO Mark Newcomer sold 150,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $11.88, for a total transaction of $1,782,000.00. Following the transaction, the chief executive officer owned 9,163,002 shares of the company's stock, valued at approximately $108,856,463.76. This represents a 1.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Joan M. Herman sold 100,000 shares of the company's stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $8.01, for a total transaction of $801,000.00. Following the completion of the sale, the executive vice president directly owned 707,009 shares of the company's stock, valued at approximately $5,663,142.09. This trade represents a 12.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 345,000 shares of company stock worth $3,564,600. Insiders own 24.50% of the company's stock.

Analyst Upgrades and Downgrades

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

Paysign Trading Up 1.0%

NASDAQ PAYS opened at $12.53 on Thursday. The stock has a market cap of $707.44 million, a PE ratio of 48.19 and a beta of 0.80. Paysign, Inc. has a 12 month low of $3.08 and a 12 month high of $14.43. The company's 50-day moving average price is $10.47 and its 200-day moving average price is $7.28.

Paysign (NASDAQ:PAYS - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $28.25 million during the quarter, compared to analyst estimates 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. As a group, sell-side analysts forecast that Paysign, Inc. will post 0.58 earnings per share for the current year.

About Paysign

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.

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