15,298 Shares in Paysign, Inc. (NASDAQ:PAYS) Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in Paysign, Inc. (NASDAQ:PAYS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,298 shares of the company’s stock, valued at approximately $66,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Paysign by 25.0% during the second quarter. Renaissance Technologies LLC now owns 1,504,380 shares of the company’s stock valued at $6,484,000 after buying an additional 301,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Paysign by 51.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 116,779 shares of the company’s stock valued at $502,000 after acquiring an additional 39,710 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Paysign in the 2nd quarter worth approximately $92,000. Rhumbline Advisers increased its position in shares of Paysign by 25.1% during the second quarter. Rhumbline Advisers now owns 35,835 shares of the company’s stock valued at $154,000 after purchasing an additional 7,190 shares during the period. Finally, Bank of New York Mellon Corp boosted 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 buying an additional 4,248 shares in the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and issued a $7.00 price target on shares of Paysign in a research report on Friday, June 28th.

Paysign Price Performance

Paysign stock opened at $3.75 on Tuesday. The firm has a market capitalization of $198.67 million, a P/E ratio of 28.85 and a beta of 0.96. The stock has a fifty day moving average price of $4.26 and a two-hundred day moving average price of $4.41. Paysign, Inc. has a 52-week low of $1.67 and a 52-week high of $5.59.

Paysign (NASDAQ:PAYS) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.01 EPS for the quarter. The firm had revenue of $14.33 million for the quarter, compared to analyst estimates of $14.07 million. Paysign had a net margin of 14.42% and a return on equity of 32.55%. On average, equities research analysts predict that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Insider Buying and Selling

In other Paysign news, insider Robert Strobo sold 29,690 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $4.54, for a total value of $134,792.60. Following the transaction, the insider now owns 209,811 shares of the company’s stock, valued at approximately $952,541.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Robert Strobo sold 29,690 shares of Paysign stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $4.54, for a total value of $134,792.60. Following the completion of the transaction, the insider now directly owns 209,811 shares of the company’s stock, valued at $952,541.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joan M. Herman sold 15,854 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $4.54, for a total transaction of $71,977.16. Following the completion of the sale, the executive vice president now owns 799,743 shares of the company’s stock, valued at $3,630,833.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 302,169 shares of company stock worth $1,263,227 in the last three months. Insiders own 23.40% of the company’s stock.

Paysign 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.