Paysign, Inc. (NASDAQ:PAYS) Stock Position Increased by Two Sigma Investments LP

Two Sigma Investments LP increased its position in shares of Paysign, Inc. (NASDAQ:PAYS - Free Report) by 98.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,775 shares of the company's stock after purchasing an additional 90,346 shares during the period. Two Sigma Investments LP owned 0.34% of Paysign worth $549,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Occudo Quantitative Strategies LP lifted its holdings in 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 during the last quarter. Millennium Management LLC increased its position in shares of Paysign by 123.6% during the fourth quarter. Millennium Management LLC now owns 325,334 shares of the company's stock worth $983,000 after purchasing an additional 179,814 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Paysign by 27.1% in the 4th quarter. Cubist Systematic Strategies LLC now owns 39,579 shares of the company's stock valued at $120,000 after purchasing an additional 8,444 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Paysign by 20.9% in the 4th quarter. Bank of America Corp DE now owns 47,675 shares of the company's stock valued at $144,000 after purchasing an additional 8,235 shares during the period. Finally, 1248 Management LLC purchased a new position in Paysign during the 4th quarter worth approximately $2,778,000. Institutional investors and hedge funds own 25.89% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PAYS. Lake Street Capital raised their target price on shares of Paysign from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Barrington Research reaffirmed an "outperform" rating and issued a $7.00 target price on shares of Paysign in a research note on Wednesday, March 26th. LADENBURG THALM/SH SH lifted their price objective on Paysign from $7.25 to $8.25 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, DA Davidson boosted their target price on shares of Paysign from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th.

Insider Buying and Selling at Paysign

In other Paysign news, Director Daniel R. Henry bought 19,800 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average cost of $3.42 per share, with a total value of $67,716.00. Following the completion of the transaction, the director now owns 99,800 shares in the company, valued at $341,316. The trade was a 24.75% increase 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, CEO Mark Newcomer sold 19,693 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $4.51, for a total transaction of $88,815.43. Following the transaction, the chief executive officer now owns 8,748,886 shares in the company, valued at $39,457,475.86. This trade represents a 0.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 234,500 shares of company stock valued at $1,080,377 over the last three months. 22.40% of the stock is owned by company insiders.

Paysign Price Performance

NASDAQ:PAYS traded up $0.20 during trading hours on Thursday, reaching $5.05. 345,936 shares of the company were exchanged, compared to its average volume of 231,135. The firm has a market cap of $273.80 million, a price-to-earnings ratio of 33.67 and a beta of 0.60. The stock has a 50 day simple moving average of $3.05 and a 200 day simple moving average of $2.89. Paysign, Inc. has a 52-week low of $1.80 and a 52-week high of $5.59.

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, beating analysts' consensus estimates of $0.04 by $0.01. The firm had revenue of $18.60 million during the quarter, compared to the consensus estimate of $17.49 million. Paysign had a return on equity of 30.64% and a net margin of 14.28%. On average, analysts predict 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.