Shares of Payment Data Systems, Inc. (NASDAQ:PYDS) have been given an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price target of $4.83 for the company and are predicting that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also given Payment Data Systems an industry rank of 170 out of 255 based on the ratings given to its competitors.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Payment Data Systems from a “hold” rating to a “strong-buy” rating and set a $2.75 price target on the stock in a report on Wednesday, April 3rd. Barrington Research reissued a “buy” rating and issued a $5.00 target price on shares of Payment Data Systems in a research note on Tuesday, March 26th.

PYDS stock traded up $0.02 during trading on Thursday, reaching $2.43. 2,858 shares of the stock were exchanged, compared to its average volume of 60,079. The company has a market cap of $42.16 million, a P/E ratio of -7.84 and a beta of 1.93. Payment Data Systems has a twelve month low of $1.38 and a twelve month high of $3.82.

Payment Data Systems (NASDAQ:PYDS) last released its quarterly earnings results on Wednesday, March 27th. The business services provider reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.01. Payment Data Systems had a negative net margin of 15.09% and a negative return on equity of 31.12%. The business had revenue of $6.42 million for the quarter, compared to analysts’ expectations of $6.84 million. Equities analysts predict that Payment Data Systems will post -0.22 EPS for the current year.

In other news, Director Steve Huffman sold 17,186 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $2.75, for a total value of $47,261.50. Following the transaction, the director now directly owns 49,481 shares in the company, valued at $136,072.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 46.60% of the stock is owned by company insiders.

An institutional investor recently raised its position in Payment Data Systems stock. Essex Investment Management Co. LLC grew its holdings in shares of Payment Data Systems, Inc. (NASDAQ:PYDS) by 36.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,774 shares of the business services provider’s stock after buying an additional 44,429 shares during the period. Essex Investment Management Co. LLC owned 1.04% of Payment Data Systems worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.82% of the stock is owned by institutional investors.

About Payment Data Systems

Payment Data Systems, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services.

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