Paysign, Inc. (NASDAQ:PAYS) Insider Topline Capital Management, Ll Sells 120,000 Shares

Paysign, Inc. (NASDAQ:PAYS) insider Topline Capital Management, Ll sold 120,000 shares of Paysign stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $3.24, for a total transaction of $388,800.00. Following the completion of the transaction, the insider now directly owns 5,336,146 shares of the company’s stock, valued at approximately $17,289,113.04. This represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Topline Capital Management, Ll also recently made the following trade(s):

• On Monday, December 30th, Topline Capital Management, Ll sold 227,084 shares of Paysign stock. The stock was sold at an average price of $3.07, for a total transaction of $697,147.88.
• On Friday, December 27th, Topline Capital Management, Ll sold 231,187 shares of Paysign stock. The shares were sold at an average price of $3.31, for a total transaction of $765,228.97.

Paysign Stock Down 5.5 %

PAYS stock opened at $3.07 on Thursday. The stock has a market cap of $164.40 million, a PE ratio of 20.47 and a beta of 0.95. The firm’s 50-day simple moving average is $3.25 and its 200 day simple moving average is $3.94. Paysign, Inc. has a fifty-two week low of $2.48 and a fifty-two week high of $5.59.

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

Analyst Ratings Changes

A number of equities analysts have commented on PAYS shares. Barrington Research restated an “outperform” rating and issued a $7.00 target price on shares of Paysign in a research note on Monday, November 4th. Lake Street Capital began coverage on Paysign in a report on Friday, December 20th. They issued a “buy” rating and a $6.00 price target on the stock.

Institutional Trading of Paysign

Several large investors have recently added to or reduced their stakes in the business. Joule Financial LLC acquired a new position in Paysign during the 3rd quarter worth $1,478,000. Renaissance Technologies LLC raised its stake in shares of Paysign by 25.0% during the second quarter. Renaissance Technologies LLC now owns 1,504,380 shares of the company’s stock valued at $6,484,000 after purchasing an additional 301,000 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Paysign during the third quarter valued at about $814,000. Sanctuary Advisors LLC acquired a new stake in Paysign in the second quarter worth about $512,000. Finally, Dimensional Fund Advisors LP grew its position in Paysign by 51.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 116,779 shares of the company’s stock valued at $502,000 after buying an additional 39,710 shares in the last quarter. 25.89% of the stock is currently owned by institutional investors and hedge funds.

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.