Paysign, Inc. (NASDAQ:PAYS) Insider Matthew Louis Lanford Sells 25,360 Shares

Paysign, Inc. (NASDAQ:PAYS) insider Matthew Louis Lanford sold 25,360 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $3.96, for a total transaction of $100,425.60. Following the completion of the sale, the insider now owns 109,731 shares of the company’s stock, valued at $434,534.76. The trade was a 18.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Paysign Trading Down 4.5 %

PAYS opened at $3.38 on Friday. The business has a 50 day moving average of $3.92 and a 200-day moving average of $4.33. The stock has a market capitalization of $181.00 million, a price-to-earnings ratio of 22.80 and a beta of 0.95. Paysign, Inc. has a 1-year low of $2.22 and a 1-year high of $5.59.

Paysign (NASDAQ:PAYS) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Paysign had a net margin of 14.28% and a return on equity of 30.64%. The firm had revenue of $15.26 million during the quarter, compared to the consensus estimate of $14.96 million. During the same period in the prior year, the firm earned $0.02 EPS. Equities analysts predict that Paysign, Inc. will post 0.21 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $7.00 target price on shares of Paysign in a research report on Monday, November 4th.

Institutional Trading of Paysign

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of Paysign by 49.7% in the 1st quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock valued at $144,000 after buying an additional 13,093 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Paysign by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 1,649,043 shares of the company’s stock worth $6,035,000 after buying an additional 48,489 shares during the period. Herr Investment Group LLC acquired a new stake in Paysign in the 1st quarter valued at $179,000. Quadrature Capital Ltd acquired a new stake in Paysign in the 1st quarter valued at $147,000. Finally, Bank of New York Mellon Corp raised its stake in Paysign by 5.2% during the second quarter. Bank of New York Mellon Corp now owns 85,964 shares of the company’s stock worth $371,000 after acquiring an additional 4,248 shares in the last quarter. Institutional investors own 25.89% of the company’s stock.

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.