Insider Selling: Paysign, Inc. (NASDAQ:PAYS) CEO Sells 62,158 Shares of Stock

Key Points

• Mark Newcomer, CEO of Paysign, Inc., sold 62,158 shares of the company stock for approximately $440,700 on August 4th, decreasing his ownership by 0.71% but still retaining nearly 8.75 million shares valued at over $62 million.
• Paysign, Inc. reported $0.05 earnings per share for the most recent quarter, exceeding analysts' expectations, with revenues totaling $18.60 million.
• Investment firms have shown interest in Paysign, with institutional investors owning 25.89% of the stock, including new stakes from PDT Partners and R Squared Ltd.

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) CEO Mark Newcomer sold 62,158 shares of Paysign stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7.09, for a total transaction of $440,700.22. Following the sale, the chief executive officer owned 8,750,728 shares of the company's stock, valued at approximately $62,042,661.52. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Mark Newcomer also recently made the following trade(s):

• On Wednesday, June 11th, Mark Newcomer sold 8,000 shares of Paysign stock. The stock was sold at an average price of $5.00, for a total transaction of $40,000.00.
• On Tuesday, June 10th, Mark Newcomer sold 31,500 shares of Paysign stock. The shares were sold at an average price of $5.00, for a total transaction of $157,500.00.
• On Monday, June 9th, Mark Newcomer sold 46,500 shares of Paysign stock. The stock was sold at an average price of $5.00, for a total transaction of $232,500.00.
• On Thursday, June 5th, Mark Newcomer sold 19,693 shares of Paysign stock. The stock was sold at an average price of $4.51, for a total transaction of $88,815.43.
• On Monday, June 2nd, Mark Newcomer sold 307 shares of Paysign stock. The stock was sold at an average price of $4.50, for a total transaction of $1,381.50.
• On Thursday, May 29th, Mark Newcomer sold 168,000 shares of Paysign stock. The shares were sold at an average price of $4.51, for a total transaction of $757,680.00.

Paysign Price Performance

Shares of Paysign stock traded up $0.02 on Monday, hitting $7.16. The company had a trading volume of 949,589 shares, compared to its average volume of 954,471. The business has a 50-day simple moving average of $6.45 and a 200-day simple moving average of $3.93. The company has a market cap of $388.22 million, a PE ratio of 65.10 and a beta of 0.78. Paysign, Inc. has a 52 week low of $1.80 and a 52 week high of $8.88.

Paysign (NASDAQ:PAYS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $18.60 million during the quarter, compared to analysts' expectations of $17.49 million. Paysign had a net margin of 9.55% and a return on equity of 19.49%. On average, equities research analysts predict that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Institutional Trading of Paysign

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PDT Partners LLC purchased a new stake in shares of Paysign in the 4th quarter valued at approximately $39,000. R Squared Ltd purchased a new stake in Paysign in the 2nd quarter worth approximately $108,000. Wells Fargo & Company MN increased its stake in shares of Paysign by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 15,385 shares of the company's stock worth $46,000 after purchasing an additional 5,243 shares during the last quarter. Royce & Associates LP increased its stake in shares of Paysign by 36.5% during the 1st quarter. Royce & Associates LP now owns 19,319 shares of the company's stock worth $41,000 after purchasing an additional 5,166 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Paysign during the 1st quarter worth $51,000. 25.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PAYS. DA Davidson set a $8.00 target price on shares of Paysign in a research note on Friday, June 13th. Lake Street Capital increased their price objective on shares of Paysign from $7.00 to $9.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, LADENBURG THALM/SH SH upped their target price on shares of Paysign from $7.25 to $8.25 and gave the stock a "buy" rating in a research report on Friday, May 9th.

Paysign Company Profile

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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