Jeffery Bradford Baker Sells 35,000 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) CFO Jeffery Bradford Baker sold 35,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the transaction, the chief financial officer directly owned 542,171 shares of the company’s stock, valued at approximately $6,842,198.02. The trade was a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Paysign Price Performance

PAYS traded up $0.15 on Friday, hitting $13.17. The company had a trading volume of 455,569 shares, compared to its average volume of 695,507. The stock has a fifty day simple moving average of $8.74 and a 200-day simple moving average of $6.35. The firm has a market capitalization of $743.58 million, a P/E ratio of 50.66 and a beta of 0.74. Paysign, Inc. has a 52-week low of $3.08 and a 52-week high of $13.25.

Paysign (NASDAQ:PAYS) last posted 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 31.70% and a net margin of 15.67%.The firm had revenue of $28.25 million for 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. Equities research analysts expect that Paysign, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of Paysign

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Paysign in the 2nd quarter worth approximately $25,219,000. Punch & Associates Investment Management Inc. raised its stake in Paysign by 164.6% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,462,560 shares of the company’s stock valued at $7,532,000 after buying an additional 909,825 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Paysign by 139.5% in the third quarter. Two Sigma Investments LP now owns 504,887 shares of the company’s stock worth $3,176,000 after acquiring an additional 294,041 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Paysign in the third quarter worth $1,640,000. Finally, Marshall Wace LLP purchased a new stake in shares of Paysign in the second quarter worth $1,716,000. 25.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PAYS has been the subject of a number of research reports. Wall Street Zen upgraded Paysign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Barrington Research set a $15.00 target price on shares of Paysign in a report on Tuesday. Weiss Ratings upgraded shares of Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. DA Davidson upped their target price on shares of Paysign from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $13.00 price target on shares of Paysign in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Paysign currently has an average 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.