Paysign, Inc. $PAYS Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in shares of Paysign, Inc. (NASDAQ:PAYS) by 17.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,531,072 shares of the company’s stock after purchasing an additional 227,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Paysign were worth $9,033,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PAYS. Goldman Sachs Group Inc. lifted its stake in Paysign by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock worth $548,000 after purchasing an additional 17,466 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Paysign during the first quarter worth about $51,000. Rhumbline Advisers increased its holdings in shares of Paysign by 5.2% in the first quarter. Rhumbline Advisers now owns 46,587 shares of the company’s stock valued at $99,000 after purchasing an additional 2,303 shares during the period. Geode Capital Management LLC lifted its stake in shares of Paysign by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 788,500 shares of the company’s stock worth $5,679,000 after acquiring an additional 12,490 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Paysign by 19.1% during the second 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. 25.89% of the stock is owned by hedge funds and other institutional investors.

Paysign Price Performance

PAYS opened at $8.96 on Monday. The stock has a market capitalization of $500.92 million, a PE ratio of 52.71 and a beta of 0.72. Paysign, Inc. has a 12-month low of $3.08 and a 12-month high of $9.49. The firm’s fifty day moving average price is $7.95 and its 200 day moving average price is $5.91.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Paysign from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. DA Davidson reaffirmed a “buy” rating and set a $9.00 price target on shares of Paysign in a research note on Wednesday, May 13th. Finally, Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Paysign presently has an average rating of “Buy” and an average target price of $10.00.

Insiders Place Their Bets

In other news, CEO Mark Newcomer sold 50,000 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $9.38, for a total transaction of $469,000.00. Following the completion of the sale, the chief executive officer directly owned 9,222,027 shares of the company’s stock, valued at $86,502,613.26. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Joan M. Herman sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $8.01, for a total transaction of $801,000.00. Following the sale, the executive vice president owned 707,009 shares in the company, valued at $5,663,142.09. This represents a 12.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 221,736 shares of company stock worth $1,803,479 over the last ninety days. Company insiders own 24.50% of the company’s stock.

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.