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 acquired a new stake in Paysign, Inc. (NASDAQ:PAYS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 46,938 shares of the company's stock, valued at approximately $338,000. Brendel Financial Advisors LLC owned approximately 0.09% of Paysign at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PAYS. Northern Trust Corp increased its position in shares of Paysign by 4.5% in the fourth quarter. Northern Trust Corp now owns 274,005 shares of the company's stock valued at $827,000 after buying an additional 11,806 shares in the last quarter. Bank of America Corp DE boosted its holdings in Paysign by 20.9% in the 4th quarter. Bank of America Corp DE now owns 47,675 shares of the company's stock worth $144,000 after buying an additional 8,235 shares during the last quarter. Millennium Management LLC increased its stake in Paysign by 123.6% during the 4th quarter. Millennium Management LLC now owns 325,334 shares of the company's stock worth $983,000 after buying an additional 179,814 shares in the last quarter. Two Sigma Investments LP increased its stake in Paysign by 98.8% during the 4th quarter. Two Sigma Investments LP now owns 181,775 shares of the company's stock worth $549,000 after buying an additional 90,346 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Paysign by 901.7% during the fourth quarter. Two Sigma Advisers LP now owns 121,200 shares of the company's stock valued at $366,000 after acquiring an additional 109,100 shares during the last quarter. 25.89% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Mark Newcomer sold 62,158 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7.09, for a total value of $440,700.22. Following the transaction, the chief executive officer owned 8,750,728 shares in the company, valued at approximately $62,042,661.52. This represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joan M. Herman sold 14,160 shares of the firm'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 value of $100,394.40. Following the transaction, the executive vice president owned 821,583 shares in the company, valued at $5,825,023.47. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 159,602 shares of company stock worth $1,131,578. 22.40% of the stock is currently owned by company insiders.

Paysign Stock Down 4.9%

NASDAQ PAYS traded down $0.29 during trading hours on Friday, hitting $5.62. 1,178,047 shares of the company were exchanged, compared to its average volume of 699,047. The company has a 50 day moving average of $6.20 and a two-hundred day moving average of $4.59. Paysign, Inc. has a 52-week low of $1.80 and a 52-week high of $8.88. The firm has a market cap of $306.01 million, a price-to-earnings ratio of 46.83 and a beta of 0.94.

Paysign (NASDAQ:PAYS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). Paysign had a return on equity of 19.32% and a net margin of 9.90%.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, equities research analysts predict that Paysign, Inc. will post 0.21 EPS for the current year.

Analyst Ratings Changes

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

Paysign Company 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.