Two Sigma Advisers LP grew its stake in Paysign, Inc. (NASDAQ:PAYS - Free Report) by 901.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,200 shares of the company's stock after purchasing an additional 109,100 shares during the period. Two Sigma Advisers LP owned approximately 0.23% of Paysign worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Paysign by 51.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 267,899 shares of the company's stock valued at $809,000 after acquiring an additional 90,702 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Paysign by 11.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,501,622 shares of the company's stock valued at $4,535,000 after buying an additional 149,200 shares during the last quarter. Millennium Management LLC increased its holdings in Paysign by 123.6% in the fourth quarter. Millennium Management LLC now owns 325,334 shares of the company's stock valued at $983,000 after buying an additional 179,814 shares during the last quarter. 1248 Management LLC purchased a new position in shares of Paysign during the fourth quarter worth about $2,778,000. Finally, Topline Capital Management LLC purchased a new position in shares of Paysign during the fourth quarter worth about $16,946,000. 25.89% of the stock is currently owned by hedge funds and other institutional investors.
Paysign Stock Performance
Shares of NASDAQ:PAYS traded up $0.22 during midday trading on Friday, hitting $4.93. 264,260 shares of the company's stock traded hands, compared to its average volume of 227,818. Paysign, Inc. has a twelve month low of $1.80 and a twelve month high of $5.59. The company has a market cap of $267.29 million, a PE ratio of 32.87 and a beta of 0.60. The firm's fifty day moving average price is $2.88 and its two-hundred day moving average price is $2.86.
Paysign (NASDAQ:PAYS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The business 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%. As a group, equities research analysts anticipate that Paysign, Inc. will post 0.21 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. LADENBURG THALM/SH SH raised their price target on Paysign from $7.25 to $8.25 and gave the stock a "buy" rating in a report on Friday, May 9th. Barrington Research reiterated an "outperform" rating and set a $7.00 price target on shares of Paysign in a research report on Wednesday, March 26th. DA Davidson lifted their price target on shares of Paysign from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Lake Street Capital raised their price objective on shares of Paysign from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Friday, May 9th.
Check Out Our Latest Research Report on PAYS
Insider Activity at Paysign
In other news, Director Daniel R. Henry bought 19,800 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was purchased at an average price of $3.42 per share, for a total transaction of $67,716.00. Following the transaction, the director now owns 99,800 shares in the company, valued at approximately $341,316. This trade represents a 24.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Newcomer sold 168,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $4.51, for a total transaction of $757,680.00. Following the completion of the sale, the chief executive officer now directly owns 8,768,886 shares of the company's stock, valued at approximately $39,547,675.86. This represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.40% of the company's stock.
About Paysign
(
Free Report)
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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