Paysign, Inc. (NASDAQ:PAYS) Insider Matthew Louis Lanford Sells 26,367 Shares

Key Points

• Matthew Louis Lanford, an insider at Paysign, sold shares worth $186,942.03, resulting in a 15.18% decrease in their stock position.
• Paysign recently reported earnings of $0.05 per share, beating analyst expectations, and generated $18.60 million in revenue for the quarter.
• Institutional investors currently own 25.89% of Paysign's shares, with notable recent purchases from firms like Topline Capital Management and Millennium Management.

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) insider Matthew Louis Lanford sold 26,367 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7.09, for a total transaction of $186,942.03. Following the transaction, the insider owned 147,364 shares of the company's stock, valued at $1,044,810.76. The trade was a 15.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Paysign Stock Down 6.2%

Shares of PAYS traded down $0.37 during trading hours on Friday, hitting $5.53. The company had a trading volume of 662,172 shares, compared to its average volume of 492,824. The firm has a market cap of $300.00 million, a price-to-earnings ratio of 46.21 and a beta of 0.78. The business has a fifty day moving average of $6.64 and a 200-day moving average of $4.01. Paysign, Inc. has a 12 month low of $1.80 and a 12 month high of $8.88.

Paysign (NASDAQ:PAYS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). Paysign had a net margin of 9.90% and a return on equity of 20.72%. The business had revenue of $19.08 million during the quarter, compared to analyst estimates of $18.69 million. On average, equities analysts expect that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PAYS shares. DA Davidson set a $9.00 target price on shares of Paysign in a report on Thursday. LADENBURG THALM/SH SH upped their price target 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. Finally, Lake Street Capital upped their price target on shares of Paysign from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday.

Hedge Funds Weigh In On Paysign

Institutional investors and hedge funds have recently modified their holdings of the business. PDT Partners LLC acquired a new position in shares of Paysign in the fourth quarter valued at about $39,000. R Squared Ltd acquired a new stake in Paysign during the second quarter worth about $108,000. Wells Fargo & Company MN grew its stake in Paysign by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,385 shares of the company's stock worth $46,000 after buying an additional 5,243 shares in the last quarter. Royce & Associates LP grew its stake in Paysign by 36.5% during the first quarter. Royce & Associates LP now owns 19,319 shares of the company's stock worth $41,000 after buying an additional 5,166 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Paysign during the first quarter worth about $51,000. 25.89% of the stock is currently owned by institutional investors and hedge funds.

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.