Paysign (NASDAQ:PAYS) Insider Sells $1,018,244.50 in Stock

Key Points

• Paysign insider Michael Ngo sold 79,925 shares at an average price of $12.74, generating $1.02 million. He retained 2.35 million shares valued at approximately $29.9 million.
• Paysign shares traded at $13.34, near their 52-week high of $14.43, with the stock up substantially from its 50-day and 200-day moving averages.
• The company exceeded quarterly earnings and revenue estimates, while analysts maintained a consensus “Buy” rating with an average price target of $13.33; institutional investors own 25.89% of the stock.

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) insider Michael Ngo sold 79,925 shares of the business's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $12.74, for a total transaction of $1,018,244.50. Following the transaction, the insider directly owned 2,350,000 shares of the company's stock, valued at $29,939,000. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Paysign Stock Performance

Shares of NASDAQ:PAYS traded up $0.31 during trading hours on Thursday, hitting $13.34. The stock had a trading volume of 820,654 shares, compared to its average volume of 693,808. The stock's fifty day simple moving average is $11.07 and its 200 day simple moving average is $7.69. The firm has a market capitalization of $753.18 million, a price-to-earnings ratio of 51.31 and a beta of 0.80. Paysign, Inc. has a 1-year low of $3.08 and a 1-year high of $14.43.

Paysign (NASDAQ:PAYS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. The business had revenue of $28.25 million during the quarter, compared to the consensus estimate of $26.36 million. Paysign had a return on equity of 30.13% and a net margin of 15.67%.Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. As a group, research analysts anticipate that Paysign, Inc. will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Paysign

A number of institutional investors have recently bought and sold shares of PAYS. Goldman Sachs Group Inc. lifted its stake in 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 buying an additional 17,466 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Paysign in the 1st quarter valued at approximately $51,000. Rhumbline Advisers lifted its position in shares of Paysign by 5.2% in the 1st quarter. Rhumbline Advisers now owns 46,587 shares of the company's stock valued at $99,000 after acquiring an additional 2,303 shares in the last quarter. Geode Capital Management LLC boosted its stake in Paysign by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 788,500 shares of the company's stock worth $5,679,000 after purchasing an additional 12,490 shares during the period. Finally, Invesco Ltd. grew its position in Paysign by 19.1% during the 2nd quarter. Invesco Ltd. now owns 16,942 shares of the company's stock worth $122,000 after purchasing an additional 2,716 shares in the last quarter. Hedge funds and other institutional investors own 25.89% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PAYS shares. DA Davidson increased their price objective on shares of Paysign from $9.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Weiss Ratings raised Paysign from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 29th. Lake Street Capital restated a "buy" rating and issued a $13.00 price objective on shares of Paysign in a report on Thursday, August 6th. Barrington Research set a $15.00 target price on Paysign in a report on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Paysign from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 16th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Paysign presently has a consensus rating of "Buy" and an average price target of $13.33.

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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