Paysign (NASDAQ:PAYS) Sets New 1-Year High - Here's What Happened

Key Points

• Paysign shares reached a new 52-week high, trading as high as $14.93 and closing attention around $14.36, up 6.5% on heavy volume.
• Analysts remain broadly positive, with recent target-price increases to $15 and a consensus rating of “Buy”. The company also exceeded quarterly expectations, reporting $0.11 EPS versus $0.06 expected and revenue of $28.25 million.
• Institutional ownership increased through several recent purchases, including BlackRock’s $25.2 million stake, while insiders sold 444,904 shares worth approximately $5.3 million over the last quarter.

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) reached a new 52-week high during mid-day trading on Friday. The stock traded as high as $14.93 and last traded at $14.36, with a volume of 2537830 shares changing hands. The stock had previously closed at $13.48.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PAYS. DA Davidson raised their target price on Paysign from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday. Wall Street Zen downgraded Paysign from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 16th. Lake Street Capital increased their price objective on Paysign from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, September 15th. Barrington Research set a $15.00 price objective on Paysign in a research note on Tuesday, August 11th. Finally, Weiss Ratings upgraded Paysign from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $15.00.

Paysign Trading Up 6.5%

The firm has a market capitalization of $810.77 million, a PE ratio of 55.23 and a beta of 0.83. The firm's fifty day moving average price is $12.30 and its 200 day moving average price is $8.66.

Paysign (NASDAQ:PAYS - Get Free Report) last issued its earnings results 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 firm had revenue of $28.25 million during the quarter, compared to analysts' expectations of $26.36 million. Paysign had a net margin of 15.67% and a return on equity of 30.13%. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. On average, analysts predict that Paysign, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In other Paysign news, CFO Jeffery Baker sold 35,000 shares of Paysign stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the transaction, the chief financial officer owned 542,171 shares in the company, valued at approximately $6,842,198.02. This trade represents a 6.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $1,018,244.50. Following the completion of the transaction, the insider directly owned 2,350,000 shares of the company's stock, valued at approximately $29,939,000. This trade represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 444,904 shares of company stock valued at $5,328,124 over the last quarter. 24.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Paysign by 16.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 575,619 shares of the company's stock worth $3,396,000 after purchasing an additional 82,736 shares during the period. Bank of America Corp DE lifted its stake in shares of Paysign by 345.9% in the 1st quarter. Bank of America Corp DE now owns 130,930 shares of the company's stock valued at $772,000 after purchasing an additional 101,568 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Paysign by 17.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company's stock valued at $9,033,000 after purchasing an additional 227,300 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in Paysign during the second quarter worth $877,000. Finally, BlackRock Inc. acquired a new stake in Paysign during the second quarter valued at $25,219,000. 25.89% of the stock is currently owned by hedge funds and other institutional investors.

About Paysign

Paysign, Inc is a financial technology company that provides payment and financial services primarily to the healthcare and pharmaceutical industries. Its platform supports prepaid card programs, digital payments and other disbursement solutions designed to help organizations distribute funds to individuals efficiently and securely.

The company's services include patient assistance programs that help eligible patients receive financial support for prescription medications and other healthcare costs.

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