Norden Group LLC Buys 4,151 Shares of Paysign, Inc. (NASDAQ:PAYS)

Norden Group LLC grew its stake in shares of Paysign, Inc. (NASDAQ:PAYS) by 38.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,883 shares of the company’s stock after buying an additional 4,151 shares during the quarter. Norden Group LLC’s holdings in Paysign were worth $54,000 as of its most recent SEC filing.

Separately, Bridge City Capital LLC grew its position in Paysign by 17.9% during the 1st quarter. Bridge City Capital LLC now owns 102,401 shares of the company’s stock worth $375,000 after acquiring an additional 15,549 shares during the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

Analysts Set New Price Targets

PAYS has been the subject of several research reports. DA Davidson increased their target price on Paysign from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Maxim Group lifted 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, Barrington Research reissued an “outperform” rating and set a $7.00 target price on shares of Paysign in a report on Friday, June 28th.

Insider Activity at Paysign

In other news, insider Matthew Louis Lanford sold 8,038 shares of Paysign stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $4.03, for a total value of $32,393.14. Following the completion of the transaction, the insider now directly owns 100,431 shares of the company’s stock, valued at approximately $404,736.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 23.40% of the stock is owned by company insiders.

Paysign Price Performance

Shares of PAYS opened at $4.15 on Monday. The business has a 50-day moving average of $4.33 and a 200-day moving average of $3.71. The company has a market capitalization of $219.86 million, a price-to-earnings ratio of 31.92 and a beta of 0.98. Paysign, Inc. has a 1 year low of $1.67 and a 1 year high of $5.09.

Paysign (NASDAQ:PAYS) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.01 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $12.46 million. As a group, sell-side analysts anticipate that Paysign, Inc. will post 0.19 EPS for the current year.

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.