Matthew Louis Lanford Sells 25,360 Shares of Paysign, Inc. (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) insider Matthew Louis Lanford sold 25,360 shares of Paysign stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $3.96, for a total transaction of $100,425.60. Following the sale, the insider now owns 109,731 shares of the company’s stock, valued at approximately $434,534.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Paysign Price Performance

PAYS opened at $3.68 on Thursday. Paysign, Inc. has a 12 month low of $2.22 and a 12 month high of $5.59. The business has a 50-day moving average of $3.96 and a two-hundred day moving average of $4.34. The stock has a market capitalization of $197.06 million, a price-to-earnings ratio of 24.53 and a beta of 0.95.

Paysign (NASDAQ:PAYS) last released its earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Paysign had a net margin of 14.28% and a return on equity of 30.64%. The firm had revenue of $15.26 million during the quarter, compared to the consensus estimate of $14.96 million. During the same period in the previous year, the firm earned $0.02 earnings per share. Equities research analysts anticipate that Paysign, Inc. will post 0.21 earnings per share for the current year.

Institutional Trading of Paysign

A number of institutional investors and hedge funds have recently made changes to their positions in PAYS. Algert Global LLC acquired a new position in Paysign in the second quarter valued at $46,000. SG Americas Securities LLC purchased a new position in shares of Paysign in the 3rd quarter worth about $43,000. The Manufacturers Life Insurance Company acquired a new position in shares of Paysign in the 2nd quarter valued at about $66,000. American Century Companies Inc. purchased a new stake in shares of Paysign during the 2nd quarter worth about $92,000. Finally, Bard Associates Inc. acquired a new stake in Paysign during the 3rd quarter worth approximately $103,000. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and set a $7.00 target price on shares of Paysign in a research report on Monday, November 4th.

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.