Royce & Associates LP trimmed its position in shares of Paysign, Inc. (NASDAQ:PAYS - Free Report) by 93.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,153 shares of the company's stock after selling 207,558 shares during the period. Royce & Associates LP's holdings in Paysign were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Paysign by 164.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,247 shares of the company's stock worth $232,000 after acquiring an additional 39,299 shares during the last quarter. Barclays PLC increased its stake in shares of Paysign by 327.4% in the third quarter. Barclays PLC now owns 47,090 shares of the company's stock worth $173,000 after purchasing an additional 36,071 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Paysign by 257.0% in the third quarter. BNP Paribas Financial Markets now owns 44,793 shares of the company's stock valued at $164,000 after purchasing an additional 32,245 shares during the period. Bank of New York Mellon Corp raised its position in shares of Paysign by 31.3% in the fourth quarter. Bank of New York Mellon Corp now owns 94,515 shares of the company's stock valued at $285,000 after purchasing an additional 22,548 shares during the period. Finally, Bard Associates Inc. boosted its holdings in Paysign by 19.7% in the 4th quarter. Bard Associates Inc. now owns 33,450 shares of the company's stock worth $101,000 after buying an additional 5,497 shares during the period. 25.89% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
PAYS has been the topic of a number of analyst reports. DA Davidson reissued a "buy" rating and set a $6.00 target price on shares of Paysign in a report on Wednesday. Barrington Research reissued an "outperform" rating and set a $7.00 price objective on shares of Paysign in a report on Wednesday. Finally, Lake Street Capital assumed coverage on Paysign in a report on Friday, December 20th. They set a "buy" rating and a $6.00 target price for the company.
View Our Latest Report on PAYS
Insider Buying and Selling at Paysign
In other Paysign news, major shareholder Topline Capital Partners, Lp sold 154,982 shares of the business'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 transaction, the insider now owns 5,456,146 shares in the company, valued at approximately $16,695,806.76. The trade was a 2.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Topline Capital Management, Ll sold 231,187 shares of the company's stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $3.31, for a total value of $765,228.97. Following the transaction, the insider now directly owns 5,859,046 shares of the company's stock, valued at $19,393,442.26. The trade was a 3.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 927,087 shares of company stock worth $2,872,039 over the last ninety days. Insiders own 23.40% of the company's stock.
Paysign Stock Down 8.5 %
Shares of PAYS stock traded down $0.21 on Wednesday, reaching $2.27. The company's stock had a trading volume of 515,341 shares, compared to its average volume of 276,363. The company has a market capitalization of $121.55 million, a P/E ratio of 15.13 and a beta of 0.93. The stock's 50 day simple moving average is $2.67 and its 200-day simple moving average is $3.25. Paysign, Inc. has a 12-month low of $2.25 and a 12-month high of $5.59.
Paysign (NASDAQ:PAYS - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Paysign had a net margin of 14.28% and a return on equity of 30.64%. The firm had revenue of $15.61 million for the quarter, compared to analysts' expectations of $15.42 million. Research analysts expect that Paysign, Inc. will post 0.21 EPS for the current year.
About Paysign
(
Free Report)
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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