Barrington Research Reaffirms "Outperform" Rating for Paysign (NASDAQ:PAYS)

Barrington Research reiterated their outperform rating on shares of Paysign (NASDAQ:PAYS - Free Report) in a report published on Monday, Benzinga reports. The brokerage currently has a $5.50 price target on the stock.

Separately, DA Davidson upped their price objective on shares of Paysign from $4.50 to $5.50 and gave the company a buy rating in a report on Tuesday, April 30th.

Paysign Stock Down 3.0 %

NASDAQ PAYS traded down $0.14 on Monday, reaching $4.59. The company had a trading volume of 303,419 shares, compared to its average volume of 374,374. Paysign has a 52 week low of $1.67 and a 52 week high of $4.80. The stock has a market cap of $243.13 million, a price-to-earnings ratio of 39.17 and a beta of 0.98. The stock's 50 day moving average is $3.79 and its 200-day moving average is $2.99.

Paysign (NASDAQ:PAYS - Get Free Report) last posted its earnings results on Tuesday, March 26th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $13.69 million for the quarter, compared to analyst estimates of $11.57 million. Paysign had a return on equity of 34.33% and a net margin of 13.66%. As a group, analysts forecast that Paysign will post 0.22 EPS for the current year.

Insider Buying and Selling

In other Paysign news, insider Topline Capital Management, Ll bought 54,183 shares of the stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $2.97 per share, with a total value of $160,923.51. Following the completion of the acquisition, the insider now owns 6,153,500 shares of the company's stock, valued at $18,275,895. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Topline Capital Partners, Lp bought 25,082 shares of the company's stock in a transaction dated Wednesday, February 21st. The stock was purchased at an average price of $3.08 per share, with a total value of $77,252.56. Following the completion of the acquisition, the insider now owns 5,761,918 shares of the company's stock, valued at $17,746,707.44. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Topline Capital Management, Ll purchased 54,183 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average cost of $2.97 per share, for a total transaction of $160,923.51. Following the completion of the acquisition, the insider now directly owns 6,153,500 shares in the company, valued at approximately $18,275,895. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 476,086 shares of company stock valued at $1,416,208. 23.30% of the stock is owned by company insiders.

Institutional Trading of Paysign

A number of hedge funds and other institutional investors have recently modified their holdings of PAYS. Norden Group LLC raised its stake in shares of Paysign by 38.7% during the first quarter. Norden Group LLC now owns 14,883 shares of the company's stock valued at $54,000 after acquiring an additional 4,151 shares during the last quarter. Bridge City Capital LLC acquired a new stake in Paysign during the third quarter worth approximately $61,000. Portside Wealth Group LLC increased its stake in Paysign by 33.7% in the third quarter. Portside Wealth Group LLC now owns 33,740 shares of the company's stock valued at $68,000 after purchasing an additional 8,508 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Paysign by 18.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company's stock valued at $74,000 after purchasing an additional 5,874 shares during the period. Finally, Spouting Rock Asset Management LLC boosted its position in shares of Paysign by 39.0% during the 3rd quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company's stock worth $74,000 after purchasing an additional 10,700 shares in the last quarter. Institutional investors own 25.89% of the company's stock.

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.