Palisades Investment Partners LLC Buys Shares of 897,634 Paysign, Inc. $PAYS

Palisades Investment Partners LLC bought a new position in Paysign, Inc. (NASDAQ:PAYS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 897,634 shares of the company’s stock, valued at approximately $5,646,000. Paysign accounts for approximately 2.2% of Palisades Investment Partners LLC’s holdings, making the stock its 19th largest position. Palisades Investment Partners LLC owned 1.65% of Paysign as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Inscription Capital LLC bought a new position in Paysign during the 3rd quarter valued at $69,000. Precision Wealth Strategies LLC purchased a new position in shares of Paysign during the third quarter valued at $1,013,000. Westwood Holdings Group Inc. acquired a new position in shares of Paysign in the 2nd quarter valued at about $86,000. Topline Capital Management LLC lifted its position in Paysign by 1.6% in the 2nd quarter. Topline Capital Management LLC now owns 5,421,737 shares of the company’s stock worth $39,037,000 after buying an additional 85,591 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Paysign in the second quarter worth $90,000. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on PAYS. Weiss Ratings restated a “hold (c)” rating on shares of Paysign in a research note on Thursday. Wall Street Zen raised Paysign from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, DA Davidson restated a “buy” rating and issued a $9.00 price objective on shares of Paysign in a report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Paysign currently has an average rating of “Moderate Buy” and an average target price of $8.56.

Paysign Stock Performance

PAYS opened at $4.50 on Friday. The company has a market cap of $247.68 million, a PE ratio of 34.62 and a beta of 0.96. The stock has a 50-day moving average of $5.08 and a 200-day moving average of $5.69. Paysign, Inc. has a 52-week low of $1.80 and a 52-week high of $8.88.

Paysign (NASDAQ:PAYS) last posted its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $21.60 million during the quarter, compared to analyst estimates of $19.92 million. Paysign had a return on equity of 19.18% and a net margin of 10.10%.Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. On average, research analysts predict that Paysign, Inc. will post 0.21 earnings per share for the current year.

Insider Activity at Paysign

In related news, insider Robert Strobo sold 20,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $5.47, for a total transaction of $109,400.00. Following the completion of the sale, the insider owned 327,290 shares in the company, valued at $1,790,276.30. This represents a 5.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 22.40% of the company’s stock.

Paysign Company Profile

Paysign, Inc (NASDAQ:PAYS) is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign’s offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company’s flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.