Joan Herman Sells 29,202 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) EVP Joan Herman sold 29,202 shares of Paysign stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $8.00, for a total transaction of $233,616.00. Following the sale, the executive vice president owned 807,009 shares of the company’s stock, valued at approximately $6,456,072. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paysign Trading Up 2.3%

PAYS stock opened at $6.97 on Friday. The firm has a 50 day moving average of $6.25 and a 200-day moving average of $5.06. Paysign, Inc. has a 12-month low of $3.08 and a 12-month high of $8.88. The company has a market cap of $389.66 million, a price-to-earnings ratio of 41.00 and a beta of 0.73.

Paysign (NASDAQ:PAYS) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Paysign had a net margin of 11.38% and a return on equity of 21.74%. The business had revenue of $28.04 million during the quarter, compared to analysts’ expectations of $27.01 million. Paysign has set its Q2 2026 guidance at 0.060-0.070 EPS. Sell-side analysts forecast that Paysign, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PAYS. Lake Street Capital raised their price objective on shares of Paysign from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. DA Davidson reissued a “buy” rating and set a $9.00 price objective on shares of Paysign in a research note on Wednesday, May 13th. Weiss Ratings raised shares of Paysign from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen raised shares of Paysign from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.00.

Institutional Trading of Paysign

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in Paysign by 345.9% in the 1st quarter. Bank of America Corp DE now owns 130,930 shares of the company’s stock worth $772,000 after acquiring an additional 101,568 shares during the period. Punch & Associates Investment Management Inc. grew its stake in Paysign by 40.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,058,210 shares of the company’s stock worth $12,143,000 after acquiring an additional 595,650 shares during the period. Renaissance Technologies LLC grew its stake in Paysign by 17.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company’s stock worth $9,033,000 after acquiring an additional 227,300 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Paysign in the 1st quarter worth approximately $212,000. Finally, Sei Investments Co. purchased a new stake in Paysign in the 1st quarter worth approximately $169,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

About Paysign

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.