Paysign (NASDAQ:PAYS) PT Raised to $5.50

Paysign (NASDAQ:PAYS) had its price target raised by equities research analysts at DA Davidson from $4.50 to $5.50 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target suggests a potential upside of 17.77% from the stock’s current price.

A number of other research firms have also commented on PAYS. Barrington Research reaffirmed an “outperform” rating and issued a $5.50 price objective on shares of Paysign in a research note on Wednesday, March 27th. TheStreet raised shares of Paysign from a “d+” rating to a “c-” rating in a research report on Wednesday, January 3rd.

Paysign Trading Up 1.5 %

NASDAQ PAYS opened at $4.67 on Tuesday. The firm has a market capitalization of $247.37 million, a PE ratio of 38.92 and a beta of 1.08. The business’s 50-day moving average price is $3.73 and its two-hundred day moving average price is $2.94. Paysign has a 12 month low of $1.67 and a 12 month high of $4.75.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Tuesday, March 26th. The company reported $0.10 EPS for the quarter. The company had revenue of $13.69 million for the quarter, compared to analyst estimates of $11.57 million. Paysign had a return on equity of 34.33% and a net margin of 13.66%. As a group, analysts forecast that Paysign will post 0.22 earnings per share for the current fiscal year.

Insider Transactions at Paysign

In related news, insider Topline Capital Management, Ll bought 39,674 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average price of $2.86 per share, for a total transaction of $113,467.64. Following the completion of the acquisition, the insider now directly owns 5,801,592 shares of the company’s stock, valued at $16,592,553.12. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Topline Capital Partners, Lp acquired 55,049 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average price of $2.90 per share, for a total transaction of $159,642.10. Following the completion of the acquisition, the insider now owns 5,856,641 shares of the company’s stock, valued at approximately $16,984,258.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Topline Capital Management, Ll purchased 39,674 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average cost of $2.86 per share, for a total transaction of $113,467.64. Following the acquisition, the insider now directly owns 5,801,592 shares in the company, valued at approximately $16,592,553.12. The disclosure for this purchase can be found here. Insiders have bought 476,086 shares of company stock valued at $1,416,208 over the last ninety days. 23.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Paysign

Several institutional investors have recently added to or reduced their stakes in the business. Owls Nest Partners IA LLC lifted its holdings in 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 in the last quarter. Bridge City Capital LLC grew its position in Paysign by 17.9% during the first quarter. Bridge City Capital LLC now owns 102,401 shares of the company’s stock worth $375,000 after buying an additional 15,549 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Paysign by 49.7% in the 1st quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock valued at $144,000 after acquiring an additional 13,093 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Paysign by 18.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock valued at $74,000 after purchasing an additional 5,874 shares in the last quarter. Finally, Spouting Rock Asset Management LLC lifted its position in Paysign by 39.0% during the third quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock valued at $74,000 after purchasing an additional 10,700 shares during the last quarter. 25.89% of the stock is owned by hedge funds and other institutional investors.

Paysign Company 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.