Topline Capital Partners, Lp Sells 20,834 Shares of Paysign, Inc. (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYSGet Free Report) major shareholder Topline Capital Partners, Lp sold 20,834 shares of Paysign stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $3.03, for a total value of $63,127.02. Following the transaction, the insider now owns 5,611,128 shares in the company, valued at approximately $17,001,717.84. This represents a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Paysign Stock Performance

Paysign stock opened at $3.02 on Thursday. The company’s 50 day simple moving average is $3.40 and its 200-day simple moving average is $4.01. Paysign, Inc. has a 1 year low of $2.40 and a 1 year high of $5.59. The company has a market capitalization of $161.71 million, a price-to-earnings ratio of 20.13 and a beta of 0.93.

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

Hedge Funds Weigh In On Paysign

Several large investors have recently bought and sold shares of PAYS. Joule Financial LLC acquired a new position in Paysign in the third quarter valued at approximately $1,478,000. Renaissance Technologies LLC lifted its position in shares of Paysign by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,504,380 shares of the company’s stock worth $6,484,000 after buying an additional 301,000 shares during the last quarter. Royce & Associates LP acquired a new position in shares of Paysign in the 3rd quarter valued at $814,000. Sanctuary Advisors LLC purchased a new position in shares of Paysign in the 2nd quarter valued at $512,000. Finally, Dimensional Fund Advisors LP raised its stake in Paysign by 51.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 116,779 shares of the company’s stock worth $502,000 after acquiring an additional 39,710 shares in the last quarter. Hedge funds and other institutional investors own 25.89% of the company’s stock.

Analysts Set New Price Targets

PAYS has been the subject of several recent analyst reports. Lake Street Capital assumed coverage on shares of Paysign in a research report on Friday, December 20th. They set a “buy” rating and a $6.00 price objective for the company. Barrington Research reissued an “outperform” rating and set a $7.00 target price on shares of Paysign in a research note on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Paysign currently has a consensus rating of “Buy” and an average price target of $6.13.

View Our Latest Report on PAYS

Paysign Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Paysign (NASDAQ:PAYS)

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