Brendel Financial Advisors LLC Makes New Investment in Paysign, Inc. $PAYS

Key Points

• Brendel Financial Advisors LLC purchased 46,938 shares of Paysign, Inc., valued at approximately $338,000, increasing their stake to around 0.09% of the company.
• Several hedge funds are increasing their positions in Paysign, with notable increases from Royce & Associates LP by 36.5% and Bank of America Corp DE by 20.9% in the last quarter.
• Paysign's stock has seen fluctuations, recently trading down 4.9%, and the company reported earnings of $0.02 per share, missing the estimate by $0.02.

Brendel Financial Advisors LLC bought a new position in Paysign, Inc. (NASDAQ:PAYS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 46,938 shares of the company's stock, valued at approximately $338,000. Brendel Financial Advisors LLC owned 0.09% of Paysign at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of Paysign by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company's stock valued at $548,000 after purchasing an additional 17,466 shares during the period. Rhumbline Advisers boosted its stake in Paysign by 5.2% during the first quarter. Rhumbline Advisers now owns 46,587 shares of the company's stock worth $99,000 after buying an additional 2,303 shares in the last quarter. Strs Ohio acquired a new stake in Paysign during the first quarter worth $259,000. Jane Street Group LLC acquired a new stake in Paysign during the first quarter worth $51,000. Finally, Nuveen LLC acquired a new stake in shares of Paysign in the 1st quarter valued at $95,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PAYS. Lake Street Capital boosted their price objective on Paysign from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. DA Davidson set a $9.00 price target on Paysign in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $8.56.

Insider Buying and Selling

In other Paysign news, CFO Jeffery Bradford Baker sold 30,396 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $7.09, for a total transaction of $215,507.64. Following the sale, the chief financial officer directly owned 252,273 shares in the company, valued at $1,788,615.57. This represents a 10.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert Strobo sold 26,521 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $7.09, for a total value of $188,033.89. Following the completion of the transaction, the insider directly owned 247,290 shares in the company, valued at approximately $1,753,286.10. This trade represents a 9.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,602 shares of company stock valued at $1,131,578 in the last ninety days. Company insiders own 22.40% of the company's stock.

Paysign Stock Performance

Shares of PAYS traded up $0.06 on Tuesday, reaching $5.82. The stock had a trading volume of 179,619 shares, compared to its average volume of 531,371. The company has a 50-day simple moving average of $6.16 and a 200-day simple moving average of $4.63. The firm has a market capitalization of $316.90 million, a price-to-earnings ratio of 48.46 and a beta of 0.94. Paysign, Inc. has a 12-month low of $1.80 and a 12-month high of $8.88.

Paysign (NASDAQ:PAYS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). Paysign had a net margin of 9.90% and a return on equity of 19.32%. The company had revenue of $19.08 million for the quarter, compared to analysts' expectations of $18.69 million. Paysign has set its Q3 2025 guidance at EPS. FY 2025 guidance at 0.100-0.120 EPS. On average, analysts expect that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Paysign Profile

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.