Insider Selling: Paysign, Inc. (NASDAQ:PAYS) Major Shareholder Sells 154,982 Shares of Stock

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) major shareholder Topline Capital Partners, Lp sold 154,982 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $3.06, for a total transaction of $474,244.92. Following the transaction, the insider now directly owns 5,456,146 shares of the company's stock, valued at $16,695,806.76. This represents a 2.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Topline Capital Partners, Lp also recently made the following trade(s):

• On Tuesday, December 31st, Topline Capital Partners, Lp sold 20,834 shares of Paysign stock. The shares were sold at an average price of $3.03, for a total value of $63,127.02.

Paysign Stock Performance

Shares of PAYS stock traded down $0.18 during trading hours on Wednesday, hitting $3.07. The company had a trading volume of 270,262 shares, compared to its average volume of 354,662. The firm has a market capitalization of $164.39 million, a price-to-earnings ratio of 20.47 and a beta of 0.95. Paysign, Inc. has a 12 month low of $2.48 and a 12 month high of $5.59. The firm's fifty day moving average is $3.25 and its 200 day moving average is $3.94.

Paysign (NASDAQ:PAYS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The firm had revenue of $15.26 million for the quarter, compared to analysts' expectations of $14.96 million. Paysign had a return on equity of 30.64% and a net margin of 14.28%. During the same period in the prior year, the business posted $0.02 earnings per share. On average, sell-side analysts expect that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

PAYS has been the topic of several recent research reports. Lake Street Capital initiated coverage on Paysign in a report on Friday, December 20th. They set a "buy" rating and a $6.00 price objective on the stock. Barrington Research reiterated an "outperform" rating and set a $7.00 price target on shares of Paysign in a research note on Monday, November 4th.

Hedge Funds Weigh In On Paysign

Several institutional investors have recently added to or reduced their stakes in the company. Joule Financial LLC bought a new stake in Paysign during the third quarter worth about $1,478,000. Renaissance Technologies LLC grew its position in 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 acquiring an additional 301,000 shares during the last quarter. Royce & Associates LP bought a new stake in Paysign during the 3rd quarter worth approximately $814,000. Sanctuary Advisors LLC acquired a new position in Paysign during the 2nd quarter worth about $512,000. Finally, Dimensional Fund Advisors LP grew its holdings 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 during the last quarter. 25.89% of the stock is owned by 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.

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