Total Clarity Wealth Management Inc. Buys Shares of 51,476 Paysign, Inc. $PAYS

Key Points

• Total Clarity Wealth Management Inc. purchased 51,476 shares of Paysign, Inc. valued at approximately $371,000, increasing its ownership to about 0.09% of the company.
• Insider selling was notable, with CFO Jeffery Bradford Baker and CEO Mark Newcomer selling significant amounts of stock, indicating a 10.75% and 0.71% decrease in their respective holdings.
• Wall Street analysts have given Paysign a consensus rating of "Moderate Buy," with a price target ranging from $9.00 to $10.00, despite missing the earnings estimate in its last quarterly report.

Total Clarity Wealth Management Inc. bought a new stake in shares of Paysign, Inc. (NASDAQ:PAYS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,476 shares of the company's stock, valued at approximately $371,000. Total Clarity Wealth Management Inc. owned about 0.09% of Paysign at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Paysign during the second quarter valued at approximately $392,000. Brendel Financial Advisors LLC acquired a new position in shares of Paysign during the second quarter valued at approximately $338,000. Goldman Sachs Group Inc. raised its holdings in shares of Paysign by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company's stock valued at $548,000 after acquiring an additional 17,466 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Paysign by 5.2% during the first quarter. Rhumbline Advisers now owns 46,587 shares of the company's stock valued at $99,000 after acquiring an additional 2,303 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Paysign during the first quarter valued at approximately $259,000. Institutional investors and hedge funds own 25.89% of the company's stock.

Insider Buying and Selling

In related news, CFO Jeffery Bradford Baker sold 30,396 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 $215,507.64. Following the completion of the transaction, the chief financial officer directly owned 252,273 shares in the company, valued at approximately $1,788,615.57. This represents a 10.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Newcomer sold 62,158 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 $440,700.22. Following the completion of the transaction, the chief executive officer owned 8,750,728 shares of the company's stock, valued at $62,042,661.52. The trade was a 0.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,602 shares of company stock valued at $1,131,578 in the last ninety days. Company insiders own 22.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a "hold (c)" rating on shares of Paysign in a research report on Wednesday, October 8th. Lake Street Capital upped their price target on Paysign from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, DA Davidson set a $9.00 price target on Paysign in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $8.56.

Paysign Stock Performance

Shares of Paysign stock opened at $5.47 on Tuesday. The firm has a market capitalization of $297.84 million, a price-to-earnings ratio of 45.58 and a beta of 0.93. Paysign, Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $8.88. The stock has a 50 day moving average of $5.58 and a 200 day moving average of $4.99.

Paysign (NASDAQ:PAYS - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $19.08 million during the quarter, compared to analysts' expectations 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. Analysts forecast that Paysign, Inc. will post 0.21 EPS for the current 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.

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