1248 Management LLC Has $1.46 Million Stock Holdings in Paysign, Inc. $PAYS

Key Points

• 1248 Management LLC reduced its holdings in Paysign, Inc. by 25%, now owning 690,000 shares, which represents approximately 0.8% of its total holdings.
• Paysign shares dropped 1.9% to $5.18, with a market cap of $282.05 million and a twelve-month low of $1.80.
• Following recent sales by insiders, including CEO Mark Newcomer, a total of 265,295 shares have been sold over the last three months, amounting to $1.65 million in value.

1248 Management LLC trimmed its position in shares of Paysign, Inc. (NASDAQ:PAYS - Free Report) by 25.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 690,000 shares of the company's stock after selling 230,000 shares during the period. Paysign makes up approximately 0.8% of 1248 Management LLC's holdings, making the stock its 21st largest holding. 1248 Management LLC owned approximately 1.28% of Paysign worth $1,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYS. PDT Partners LLC bought a new position in Paysign during the fourth quarter valued at about $39,000. Royce & Associates LP increased its stake in Paysign by 36.5% during the first quarter. Royce & Associates LP now owns 19,319 shares of the company's stock valued at $41,000 after acquiring an additional 5,166 shares during the period. Wells Fargo & Company MN increased its stake in Paysign by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,385 shares of the company's stock valued at $46,000 after acquiring an additional 5,243 shares during the period. Occudo Quantitative Strategies LP increased its stake in Paysign by 56.5% during the fourth quarter. Occudo Quantitative Strategies LP now owns 28,429 shares of the company's stock valued at $86,000 after acquiring an additional 10,268 shares during the period. Finally, Nuveen LLC bought a new position in Paysign during the first quarter valued at about $95,000. 25.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on PAYS shares. DA Davidson set a $9.00 price target on Paysign in a research note on Thursday, August 7th. Lake Street Capital upped their price objective on Paysign from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, LADENBURG THALM/SH SH upped their price objective on Paysign from $7.25 to $8.25 and gave the company a "buy" rating in a research note on Friday, May 9th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $8.56.

Insider Buying and Selling at Paysign

In related news, 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 transaction of $188,033.89. Following the sale, the insider directly owned 247,290 shares in the company, valued at $1,753,286.10. This represents a 9.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Louis Lanford sold 26,367 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 $186,942.03. Following the sale, the insider owned 147,364 shares in the company, valued at approximately $1,044,810.76. This trade represents a 15.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 245,602 shares of company stock worth $1,561,578 over the last 90 days. Company insiders own 22.40% of the company's stock.

Paysign Stock Performance

Shares of PAYS stock traded up $0.01 during trading hours on Friday, hitting $5.25. The company had a trading volume of 752,329 shares, compared to its average volume of 723,942. Paysign, Inc. has a 12 month low of $1.80 and a 12 month high of $8.88. The firm has a market capitalization of $285.86 million, a price-to-earnings ratio of 43.75 and a beta of 0.94. The firm's fifty day moving average is $6.67 and its 200 day moving average is $4.38.

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

About Paysign

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.