Bradley Kramer Cunningham Sells 10,000 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) CTO Bradley Kramer Cunningham sold 10,000 shares of Paysign stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $7.30, for a total transaction of $73,000.00. Following the transaction, the chief technology officer directly owned 351,631 shares in the company, valued at approximately $2,566,906.30. This represents a 2.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Paysign Stock Up 3.8%

PAYS stock opened at $13.45 on Friday. The firm has a market cap of $759.39 million, a PE ratio of 51.73 and a beta of 0.80. The business has a 50 day moving average of $10.68 and a 200-day moving average of $7.39. Paysign, Inc. has a 12-month low of $3.08 and a 12-month high of $14.43.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. Paysign had a net margin of 15.67% and a return on equity of 30.13%. The business had revenue of $28.25 million for the quarter, compared to analyst estimates 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, research analysts expect that Paysign, Inc. will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Paysign

Several hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its stake in Paysign by 114.4% in the second quarter. California State Teachers Retirement System now owns 4,038 shares of the company’s stock worth $33,000 after buying an additional 2,155 shares in the last quarter. Rhumbline Advisers boosted its position in Paysign by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 48,770 shares of the company’s stock valued at $351,000 after acquiring an additional 2,183 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Paysign by 19.1% during the 2nd quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock worth $122,000 after acquiring an additional 2,716 shares during the period. Intech Investment Management LLC grew its holdings in shares of Paysign by 18.0% during the 3rd quarter. Intech Investment Management LLC now owns 17,851 shares of the company’s stock worth $112,000 after acquiring an additional 2,723 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Paysign by 11.6% in the 3rd quarter. Alliancebernstein L.P. now owns 29,930 shares of the company’s stock worth $188,000 after acquiring an additional 3,100 shares in the last quarter. Hedge funds and other institutional investors own 25.89% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Lake Street Capital reiterated a “buy” rating and issued a $13.00 target price on shares of Paysign in a research note on Thursday, August 6th. Wall Street Zen cut Paysign from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. DA Davidson lifted their price target on Paysign from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Barrington Research set a $15.00 price objective on Paysign in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Paysign has a consensus rating of “Buy” and an average price target of $13.33.

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.