Virtu Financial LLC Takes $78,000 Position in Paysign, Inc. (NASDAQ:PAYS)

Virtu Financial LLC acquired a new position in Paysign, Inc. (NASDAQ:PAYS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,934 shares of the company’s stock, valued at approximately $78,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in shares of Paysign by 33.5% in the fourth quarter. SG Americas Securities LLC now owns 15,508 shares of the company’s stock valued at $47,000 after purchasing an additional 3,895 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Paysign by 4.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 121,089 shares of the company’s stock worth $419,000 after acquiring an additional 5,000 shares in the last quarter. Rhumbline Advisers lifted its stake in Paysign by 13.7% in the 4th quarter. Rhumbline Advisers now owns 44,284 shares of the company’s stock worth $134,000 after acquiring an additional 5,339 shares in the last quarter. Bard Associates Inc. boosted its position in Paysign by 19.7% during the 4th quarter. Bard Associates Inc. now owns 33,450 shares of the company’s stock worth $101,000 after acquiring an additional 5,497 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Paysign by 31.3% during the 4th quarter. Bank of New York Mellon Corp now owns 94,515 shares of the company’s stock valued at $285,000 after acquiring an additional 22,548 shares in the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

Paysign Stock Performance

Shares of PAYS opened at $2.12 on Tuesday. The firm has a market cap of $113.95 million, a PE ratio of 14.13 and a beta of 0.93. The firm’s 50 day moving average price is $2.60 and its 200 day moving average price is $3.19. Paysign, Inc. has a twelve month low of $2.03 and a twelve month high of $5.59.

Paysign (NASDAQ:PAYS) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $15.61 million during the quarter, compared to analyst estimates of $15.42 million. Paysign had a net margin of 14.28% and a return on equity of 30.64%. On average, sell-side analysts anticipate that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PAYS shares. DA Davidson reissued a “buy” rating and issued a $6.00 price target on shares of Paysign in a research report on Wednesday, March 26th. Lake Street Capital assumed coverage on shares of Paysign in a research note on Friday, December 20th. They set a “buy” rating and a $6.00 target price for the company. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Paysign in a research note on Wednesday, March 26th.

Insider Transactions at Paysign

In other Paysign news, CEO Mark Newcomer sold 61,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $2.89, for a total transaction of $176,290.00. Following the completion of the sale, the chief executive officer now directly owns 9,075,886 shares in the company, valued at $26,229,310.54. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Topline Capital Partners, Lp sold 154,982 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $3.06, for a total value of $474,244.92. Following the completion of the sale, the insider now directly owns 5,456,146 shares in the company, valued at approximately $16,695,806.76. This represents a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 447,982 shares of company stock worth $1,346,535. 23.40% of the stock is owned by corporate insiders.

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.