Topline Capital Management LLC Sells 274,982 Shares of Paysign, Inc. $PAYS

Key Points

• Topline Capital Management LLC reduced its holdings in Paysign, Inc. by 4.9%, owning 5,336,146 shares after selling 274,982 shares, accounting for approximately 2.6% of its portfolio.
• Paysign reported a quarterly earnings miss, with $0.02 earnings per share (EPS) against an expected $0.04, despite revenue of $19.08 million surpassing estimates.
• The stock is currently trading at $5.28, down 3.1%, with analysts having a consensus rating of "Buy" and a price target average of $8.56.

Topline Capital Management LLC trimmed its position in Paysign, Inc. (NASDAQ:PAYS - Free Report) by 4.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,336,146 shares of the company's stock after selling 274,982 shares during the period. Paysign comprises approximately 2.6% of Topline Capital Management LLC's holdings, making the stock its 11th largest holding. Topline Capital Management LLC owned about 9.93% of Paysign worth $11,313,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PAYS. Nuveen LLC bought a new position in shares of Paysign in the 1st quarter worth $95,000. GSA Capital Partners LLP boosted its position in shares of Paysign by 38.3% in the 1st quarter. GSA Capital Partners LLP now owns 271,781 shares of the company's stock worth $576,000 after purchasing an additional 75,311 shares during the last quarter. Royce & Associates LP boosted its position in shares of 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 purchasing an additional 5,166 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of Paysign by 97.1% in the 4th quarter. Squarepoint Ops LLC now owns 148,847 shares of the company's stock worth $450,000 after purchasing an additional 73,326 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Paysign by 901.7% in the 4th quarter. Two Sigma Advisers LP now owns 121,200 shares of the company's stock worth $366,000 after purchasing an additional 109,100 shares during the last quarter. 25.89% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Paysign

In related news, CEO Mark Newcomer sold 62,158 shares of Paysign stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7.09, for a total transaction of $440,700.22. Following the completion of the transaction, the chief executive officer owned 8,750,728 shares in the company, valued at approximately $62,042,661.52. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jeffery Bradford Baker sold 30,396 shares of Paysign stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7.09, for a total value of $215,507.64. Following the transaction, the chief financial officer owned 252,273 shares of the company's stock, valued at $1,788,615.57. The trade was a 10.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 265,295 shares of company stock valued at $1,650,394 in the last three months. Corporate insiders own 22.40% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PAYS. Lake Street Capital raised 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 price objective on Paysign in a research note on Thursday, August 7th. Finally, LADENBURG THALM/SH SH raised their price objective on Paysign from $7.25 to $8.25 and gave the stock 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 data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $8.56.

Paysign Stock Down 1.2%

Shares of NASDAQ:PAYS traded down $0.06 during midday trading on Tuesday, reaching $5.12. The company had a trading volume of 329,719 shares, compared to its average volume of 501,108. The business's 50 day moving average price is $6.79 and its 200 day moving average price is $4.34. The stock has a market cap of $278.78 million, a PE ratio of 42.71 and a beta of 0.94. Paysign, Inc. has a 1-year low of $1.80 and a 1-year high of $8.88.

Paysign (NASDAQ:PAYS - Get Free Report) last released its earnings results 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). The company had revenue of $19.08 million during the quarter, compared to analyst estimates of $18.69 million. Paysign had a net margin of 9.90% and a return on equity of 19.32%. Paysign has set its Q3 2025 guidance at EPS. FY 2025 guidance at 0.100-0.120 EPS. On average, research analysts expect that Paysign, Inc. will post 0.21 earnings per share 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.