Matthew Louis Lanford Sells 8,038 Shares of Paysign, Inc. (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) insider Matthew Louis Lanford sold 8,038 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $4.03, for a total transaction of $32,393.14. Following the completion of the transaction, the insider now owns 100,431 shares in the company, valued at $404,736.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paysign Trading Down 1.2 %

Shares of PAYS opened at $3.97 on Thursday. The firm has a market cap of $210.33 million, a PE ratio of 30.54 and a beta of 0.98. The company’s 50 day simple moving average is $4.41 and its 200-day simple moving average is $3.63. Paysign, Inc. has a 12-month low of $1.67 and a 12-month high of $5.09.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.01 earnings per share for the quarter. Paysign had a net margin of 13.77% and a return on equity of 32.75%. The firm had revenue of $13.19 million for the quarter, compared to analyst estimates of $12.46 million. As a group, equities research analysts forecast that Paysign, Inc. will post 0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Paysign

A number of hedge funds and other institutional investors have recently bought and sold shares of PAYS. Connor Clark & Lunn Investment Management Ltd. grew its position in Paysign by 18.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock valued at $74,000 after buying an additional 5,874 shares during the last quarter. Bridge City Capital LLC purchased a new position in Paysign in the 3rd quarter valued at $61,000. Spouting Rock Asset Management LLC lifted its holdings in Paysign by 39.0% in the third quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock valued at $74,000 after acquiring an additional 10,700 shares during the period. Owls Nest Partners IA LLC grew its stake in shares of Paysign by 1.5% during the 4th quarter. Owls Nest Partners IA LLC now owns 261,661 shares of the company’s stock worth $733,000 after purchasing an additional 3,853 shares during the period. Finally, Norden Group LLC grew its stake in shares of Paysign by 38.7% during the 1st quarter. Norden Group LLC now owns 14,883 shares of the company’s stock worth $54,000 after purchasing an additional 4,151 shares during the period. 25.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.