GSA Capital Partners LLP Buys Shares of 119,578 Paysign, Inc. $PAYS

GSA Capital Partners LLP purchased a new stake in Paysign, Inc. (NASDAQ:PAYS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 119,578 shares of the company's stock, valued at approximately $979,000. GSA Capital Partners LLP owned 0.21% of Paysign at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Paysign by 16.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 575,619 shares of the company's stock worth $3,396,000 after acquiring an additional 82,736 shares in the last quarter. Renaissance Technologies LLC grew its position in Paysign by 17.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company's stock valued at $9,033,000 after acquiring an additional 227,300 shares in the last quarter. Royce & Associates LP grew its position in Paysign by 25.0% in the 4th quarter. Royce & Associates LP now owns 778,183 shares of the company's stock valued at $4,008,000 after acquiring an additional 155,606 shares in the last quarter. Walleye Capital LLC purchased a new stake in Paysign during the first quarter worth about $1,110,000. Finally, Punch & Associates Investment Management Inc. increased its stake in Paysign by 40.7% during the first quarter. Punch & Associates Investment Management Inc. now owns 2,058,210 shares of the company's stock worth $12,143,000 after purchasing an additional 595,650 shares during the period. Hedge funds and other institutional investors own 25.89% of the company's stock.

Paysign Stock Up 4.0%

Shares of Paysign stock opened at $13.52 on Wednesday. Paysign, Inc. has a 52-week low of $3.08 and a 52-week high of $13.74. The company has a market capitalization of $763.34 million, a P/E ratio of 52.00 and a beta of 0.74. The company has a 50 day moving average of $9.13 and a 200 day moving average of $6.54.

Paysign (NASDAQ:PAYS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. The company had revenue of $28.25 million for 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. As a group, research analysts anticipate that Paysign, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PAYS has been the subject of several recent research reports. Barrington Research set a $15.00 price objective on shares of Paysign in a research note on Tuesday, August 11th. DA Davidson upped their target price on shares of Paysign from $9.00 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Lake Street Capital restated a "buy" rating and issued a $13.00 price target on shares of Paysign in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Paysign from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, Weiss Ratings raised Paysign from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Paysign has an average rating of "Buy" and an average price target of $13.33.

Insiders Place Their Bets

In other Paysign news, CFO Jeffery Bradford Baker sold 35,000 shares of Paysign stock in a transaction dated 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 sale, the chief financial officer directly owned 542,171 shares of the company's stock, valued at $6,842,198.02. The trade was a 6.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce A. Mina sold 10,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $7.09, for a total value of $70,900.00. Following the completion of the transaction, the director owned 258,500 shares in the company, valued at approximately $1,832,765. The trade was a 3.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 406,736 shares of company stock worth $4,027,179. 24.50% of the stock is owned by corporate insiders.

Paysign Company 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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