Punch & Associates Investment Management Inc. Makes New $16.98 Million Investment in Paysign, Inc. $PAYS

Punch & Associates Investment Management Inc. purchased a new stake in Paysign, Inc. (NASDAQ:PAYS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,073,580 shares of the company’s stock, valued at approximately $16,983,000.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE acquired a new position in shares of Paysign during the second quarter worth $335,000. AWM Investment Company Inc. acquired a new stake in Paysign in the second quarter valued at $6,560,000. EFG International AG bought a new position in Paysign during the 2nd quarter worth $68,000. Canada Pension Plan Investment Board bought a new position in Paysign during the 2nd quarter worth $251,000. Finally, Legal & General Group Plc acquired a new position in Paysign during the 2nd quarter worth about $35,000. Institutional investors own 25.89% of the company’s stock.

Insider Activity at Paysign

In related news, CFO Jeffery Bradford Baker sold 35,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the transaction, the chief financial officer directly owned 542,171 shares of the company’s stock, valued at $6,842,198.02. This represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce A. Mina sold 10,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $7.09, for a total transaction of $70,900.00. Following the transaction, the director directly owned 258,500 shares in the company, valued at approximately $1,832,765. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 384,202 shares of company stock worth $3,869,216. Corporate insiders own 24.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PAYS. Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Lake Street Capital reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Paysign in a research note on Thursday, August 6th. DA Davidson upped their target price on Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen downgraded shares of Paysign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Finally, Barrington Research set a $15.00 price target on shares of Paysign in a report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $13.33.

Paysign Price Performance

Shares of Paysign stock opened at $13.23 on Thursday. Paysign, Inc. has a one year low of $3.08 and a one year high of $14.43. The stock’s 50-day moving average is $9.94 and its 200 day moving average is $6.95. The firm has a market cap of $746.99 million, a price-to-earnings ratio of 50.89 and a beta of 0.74.

Paysign (NASDAQ:PAYS) last issued its earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Paysign had a return on equity of 30.13% and a net margin of 15.67%.The business had revenue of $28.25 million during the quarter, compared to the consensus estimate of $26.36 million. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. On average, sell-side analysts expect that Paysign, Inc. will post 0.58 EPS for the current fiscal year.

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.