Paysign, Inc. (NASDAQ:PAYS) EVP Joan M. Herman Sells 15,854 Shares

Paysign, Inc. (NASDAQ:PAYS) EVP Joan M. Herman sold 15,854 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $4.54, for a total value of $71,977.16. Following the transaction, the executive vice president now directly owns 799,743 shares of the company’s stock, valued at $3,630,833.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Paysign Price Performance

PAYS stock traded up $0.16 during trading hours on Tuesday, reaching $4.63. The stock had a trading volume of 289,636 shares, compared to its average volume of 303,290. The stock has a 50-day simple moving average of $4.40 and a 200 day simple moving average of $3.98. Paysign, Inc. has a fifty-two week low of $1.67 and a fifty-two week high of $5.59. The stock has a market capitalization of $245.30 million, a PE ratio of 35.62 and a beta of 0.97.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.01 earnings per share for the quarter. Paysign had a return on equity of 34.04% and a net margin of 14.42%. The firm had revenue of $13.19 million for the quarter, compared to the consensus estimate of $12.46 million. On average, sell-side analysts forecast that Paysign, Inc. will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

PAYS has been the subject of a number of recent research reports. DA Davidson upped their price target on Paysign from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Maxim Group raised their target price on shares of Paysign from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $7.00 target price on shares of Paysign in a research report on Friday, June 28th.

Institutional Investors Weigh In On Paysign

A number of large investors have recently added to or reduced their stakes in the business. Owls Nest Partners IA LLC raised its holdings in Paysign by 1.5% in the 4th quarter. Owls Nest Partners IA LLC now owns 261,661 shares of the company’s stock valued at $733,000 after acquiring an additional 3,853 shares during the period. Norden Group LLC increased its stake in Paysign by 38.7% in 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. Bank of New York Mellon Corp boosted its stake in Paysign by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 85,964 shares of the company’s stock valued at $371,000 after buying an additional 4,248 shares in the last quarter. Rhumbline Advisers grew its position in Paysign by 25.1% in the second quarter. Rhumbline Advisers now owns 35,835 shares of the company’s stock valued at $154,000 after acquiring an additional 7,190 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Paysign by 49.7% during the first quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock worth $144,000 after acquiring an additional 13,093 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.