Paysign, Inc. (NASDAQ:PAYS) Stock Position Lifted by Squarepoint Ops LLC

Squarepoint Ops LLC raised its position in shares of Paysign, Inc. (NASDAQ:PAYS - Free Report) by 97.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 148,847 shares of the company's stock after purchasing an additional 73,326 shares during the period. Squarepoint Ops LLC owned 0.28% of Paysign worth $450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. PDT Partners LLC acquired a new position in shares of Paysign during the fourth quarter valued at $39,000. Wells Fargo & Company MN grew its position in Paysign by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,385 shares of the company's stock valued at $46,000 after buying an additional 5,243 shares in the last quarter. SG Americas Securities LLC increased its stake in Paysign by 33.5% during the 4th quarter. SG Americas Securities LLC now owns 15,508 shares of the company's stock valued at $47,000 after buying an additional 3,895 shares during the period. Virtu Financial LLC acquired a new position in Paysign during the 4th quarter valued at about $78,000. Finally, Occudo Quantitative Strategies LP raised its position in shares of 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 buying an additional 10,268 shares in the last quarter. Institutional investors own 25.89% of the company's stock.

Paysign Trading Up 4.7%

Shares of NASDAQ PAYS traded up $0.22 during midday trading on Friday, reaching $4.93. The company's stock had a trading volume of 264,260 shares, compared to its average volume of 227,818. The company has a 50 day moving average price of $2.88 and a 200 day moving average price of $2.85. Paysign, Inc. has a one year low of $1.80 and a one year high of $5.59. The company has a market cap of $267.29 million, a price-to-earnings ratio of 32.87 and a beta of 0.60.

Paysign (NASDAQ:PAYS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $18.60 million for the quarter, compared to analyst estimates of $17.49 million. Paysign had a net margin of 14.28% and a return on equity of 30.64%. Research analysts anticipate that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Insider Transactions at Paysign

In other news, CEO Mark Newcomer sold 168,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $4.51, for a total transaction of $757,680.00. Following the sale, the chief executive officer now owns 8,768,886 shares in the company, valued at $39,547,675.86. The trade was a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel R. Henry purchased 19,800 shares of Paysign stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $3.42 per share, with a total value of $67,716.00. Following the transaction, the director now owns 99,800 shares in the company, valued at $341,316. This represents a 24.75% increase in their position. The disclosure for this purchase can be found here. 22.40% of the stock is owned by insiders.

Analyst Ratings Changes

PAYS has been the subject of several recent analyst reports. Lake Street Capital increased their price objective on shares of Paysign from $6.00 to $7.00 and gave the company a "buy" rating in a report on Friday, May 9th. LADENBURG THALM/SH SH upped their target price on Paysign from $7.25 to $8.25 and gave the stock a "buy" rating in a research report on Friday, May 9th. DA Davidson lifted their price target on Paysign from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Barrington Research reissued an "outperform" rating and issued a $7.00 price objective on shares of Paysign in a research note on Wednesday, March 26th.

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.