Walleye Capital LLC Purchases New Shares in Paysign, Inc. $PAYS

Key Points

• Walleye Capital LLC opened a new position in Paysign during the first quarter, buying 188,143 shares worth about $1.11 million and owning roughly 0.34% of the company.
• Paysign shares rose 3.6% to $8.69, leaving the company with a market cap of about $485.8 million and a 52-week range of $3.08 to $9.30.
• The company recently beat quarterly earnings expectations, reporting EPS of $0.09 versus $0.07 expected and revenue of $28.04 million, while analysts currently rate the stock a consensus Moderate Buy with a $10 price target.

Walleye Capital LLC acquired a new stake in Paysign, Inc. (NASDAQ:PAYS - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 188,143 shares of the company's stock, valued at approximately $1,110,000. Walleye Capital LLC owned about 0.34% of Paysign as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of PAYS. Raymond James Financial Inc. bought a new stake in shares of Paysign during the second quarter worth $30,000. BNP Paribas Financial Markets increased its stake in shares of Paysign by 99.8% in the third quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company's stock valued at $43,000 after buying an additional 3,453 shares in the last quarter. Quarry LP bought a new position in shares of Paysign in the third quarter valued at about $54,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Paysign by 381.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company's stock valued at $51,000 after buying an additional 7,825 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Paysign during the 4th quarter worth about $52,000. Institutional investors and hedge funds own 25.89% of the company's stock.

Paysign Stock Up 3.6%

PAYS stock opened at $8.69 on Friday. The company has a market cap of $485.82 million, a P/E ratio of 51.12 and a beta of 0.72. Paysign, Inc. has a twelve month low of $3.08 and a twelve month high of $9.30. The business has a fifty day moving average of $7.66 and a 200-day moving average of $5.76.

Paysign (NASDAQ:PAYS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $28.04 million for the quarter, compared to analyst estimates of $27.01 million. Paysign had a return on equity of 21.74% and a net margin of 11.38%.Paysign has set its Q2 2026 guidance at 0.060-0.070 EPS. As a group, equities research analysts anticipate that Paysign, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. DA Davidson reissued a "buy" rating and set a $9.00 price objective on shares of Paysign in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of Paysign from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Finally, Weiss Ratings lowered shares of Paysign from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Paysign presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.00.

Insiders Place Their Bets

In other Paysign news, EVP Joan M. Herman sold 100,000 shares of the company's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $8.01, for a total transaction of $801,000.00. Following the transaction, the executive vice president directly owned 707,009 shares in the company, valued at approximately $5,663,142.09. This represents a 12.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 158,403 shares of company stock worth $1,239,315. Insiders own 24.50% of the company's stock.

About Paysign

Paysign, Inc NASDAQ: PAYS is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign's offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company's flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.

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