GSA Capital Partners LLP Has $576,000 Stock Holdings in Paysign, Inc. (NASDAQ:PAYS)

Key Points

• GSA Capital Partners LLP has increased its stake in Paysign, Inc. by 38.3%, owning approximately 271,781 shares worth about $576,000 following the purchase of 75,311 additional shares.
• Paysign reported earnings of $0.05 per share for the last quarter, surpassing analysts' expectations of $0.04 and achieving a revenue of $18.60 million.
• Several analysts have raised their price targets for Paysign, with LADENBURG THALM/SH SH increasing their target from $7.25 to $8.25 and maintaining a "buy" rating on the stock.

GSA Capital Partners LLP raised its holdings in shares of Paysign, Inc. (NASDAQ:PAYS - Free Report) by 38.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 271,781 shares of the company's stock after purchasing an additional 75,311 shares during the period. GSA Capital Partners LLP owned approximately 0.51% of Paysign worth $576,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. PDT Partners LLC bought a new stake in Paysign during the fourth quarter valued at about $39,000. Wells Fargo & Company MN lifted its holdings in Paysign by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,385 shares of the company's stock worth $46,000 after buying an additional 5,243 shares during the period. Royce & Associates LP raised its stake in Paysign by 36.5% in the 1st quarter. Royce & Associates LP now owns 19,319 shares of the company's stock worth $41,000 after acquiring an additional 5,166 shares during the last quarter. Occudo Quantitative Strategies LP grew its position in Paysign by 56.5% during the 4th quarter. Occudo Quantitative Strategies LP now owns 28,429 shares of the company's stock worth $86,000 after purchasing an additional 10,268 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in shares of Paysign by 27.1% during the 4th quarter. Cubist Systematic Strategies LLC now owns 39,579 shares of the company's stock valued at $120,000 after acquiring an additional 8,444 shares during the period. 25.89% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAYS has been the topic of several recent research reports. LADENBURG THALM/SH SH boosted their target price on Paysign from $7.25 to $8.25 and gave the stock a "buy" rating in a report on Friday, May 9th. Lake Street Capital upped their price objective on Paysign from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, DA Davidson set a $9.00 target price on Paysign in a report on Thursday.

Insider Transactions at Paysign

In other Paysign news, insider Matthew Louis Lanford sold 26,367 shares of Paysign stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7.09, for a total value of $186,942.03. Following the transaction, the insider owned 147,364 shares in the company, valued at approximately $1,044,810.76. The trade was a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel R. Henry acquired 19,800 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $3.42 per share, with a total value of $67,716.00. Following the purchase, the director directly owned 99,800 shares in the company, valued at approximately $341,316. This trade represents a 24.75% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 433,602 shares of company stock valued at $2,409,455 over the last ninety days. Insiders own 22.40% of the company's stock.

Paysign Trading Up 12.5%

Shares of NASDAQ:PAYS traded up $0.65 on Thursday, reaching $5.87. 1,423,341 shares of the company were exchanged, compared to its average volume of 488,407. The company has a 50-day moving average of $6.59 and a 200-day moving average of $3.98. Paysign, Inc. has a 1-year low of $1.80 and a 1-year high of $8.88. The firm has a market cap of $318.26 million, a price-to-earnings ratio of 49.25 and a beta of 0.78.

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 net margin of 9.90% and a return on equity of 20.72%. The business had revenue of $19.08 million during the quarter, compared to analyst estimates of $18.69 million. As a group, analysts forecast that Paysign, Inc. will post 0.21 earnings per share for the current 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.