Marshall Wace LLP Takes $489,000 Position in Paysign, Inc. (NASDAQ:PAYS)

Marshall Wace LLP acquired a new position in Paysign, Inc. (NASDAQ:PAYS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 161,846 shares of the company's stock, valued at approximately $489,000. Marshall Wace LLP owned about 0.30% of Paysign as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of Paysign by 51.7% in the fourth 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 in the last quarter. SG Americas Securities LLC grew its stake in Paysign by 33.5% in the 4th quarter. SG Americas Securities LLC now owns 15,508 shares of the company's stock valued at $47,000 after buying an additional 3,895 shares in the last quarter. Virtu Financial LLC bought a new stake in Paysign during the 4th quarter valued at $78,000. Bard Associates Inc. lifted its position in shares of Paysign by 19.7% during the fourth quarter. Bard Associates Inc. now owns 33,450 shares of the company's stock worth $101,000 after acquiring an additional 5,497 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Paysign by 13.7% in the fourth quarter. Rhumbline Advisers now owns 44,284 shares of the company's stock valued at $134,000 after purchasing an additional 5,339 shares in the last quarter. 25.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PAYS has been the subject of several analyst reports. Barrington Research restated an "outperform" rating and issued a $7.00 target price on shares of Paysign in a research note on Wednesday, March 26th. DA Davidson reaffirmed a "buy" rating and set a $6.00 price objective on shares of Paysign in a research note on Wednesday, March 26th.

Paysign Stock Up 1.3 %

NASDAQ:PAYS opened at $2.33 on Friday. The stock has a market cap of $125.23 million, a P/E ratio of 15.53 and a beta of 0.77. The business's 50-day moving average price is $2.28 and its two-hundred day moving average price is $2.88. Paysign, Inc. has a twelve month low of $1.80 and a twelve month high of $5.59.

Paysign (NASDAQ:PAYS - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $15.61 million for the quarter, compared to the consensus estimate of $15.42 million. Paysign had a net margin of 14.28% and a return on equity of 30.64%. On average, equities research analysts expect that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Insider Activity at Paysign

In other news, CEO Mark Newcomer sold 100,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $2.73, for a total value of $273,000.00. Following the completion of the transaction, the chief executive officer now directly owns 8,936,886 shares in the company, valued at approximately $24,397,698.78. This represents a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.40% of the stock is owned by insiders.

Paysign 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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