Paysign (NASDAQ:PAYS) Receives “Outperform” Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Paysign (NASDAQ:PAYS) in a research report released on Friday, Benzinga reports. The brokerage currently has a $7.00 price target on the stock.

PAYS has been the subject of several other research reports. DA Davidson increased their target price on shares of Paysign from $4.50 to $5.50 and gave the stock a buy rating in a report on Tuesday, April 30th. Maxim Group increased their target price on shares of Paysign from $5.50 to $6.00 and gave the stock a buy rating in a report on Wednesday, May 8th.

Paysign Stock Up 7.5 %

Shares of PAYS stock opened at $4.31 on Friday. The firm has a fifty day moving average of $4.44 and a 200-day moving average of $3.60. Paysign has a 12-month low of $1.67 and a 12-month high of $5.09. The company has a market capitalization of $228.34 million, a price-to-earnings ratio of 33.16 and a beta of 1.09.

Paysign (NASDAQ:PAYS) last announced its earnings results on Tuesday, May 7th. The company reported $0.01 EPS for the quarter. Paysign had a net margin of 13.77% and a return on equity of 32.75%. The business had revenue of $13.19 million during the quarter, compared to analysts’ expectations of $12.46 million. On average, equities analysts expect that Paysign will post 0.19 EPS for the current year.

Institutional Trading of Paysign

Large investors have recently added to or reduced their stakes in the company. Norden Group LLC lifted its stake in Paysign by 38.7% in the first quarter. Norden Group LLC now owns 14,883 shares of the company’s stock valued at $54,000 after acquiring an additional 4,151 shares during the last quarter. Bridge City Capital LLC bought a new position in shares of Paysign in the third quarter valued at about $61,000. Spouting Rock Asset Management LLC raised its position in shares of Paysign by 39.0% in the third quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock valued at $74,000 after purchasing an additional 10,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Paysign by 18.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock valued at $74,000 after purchasing an additional 5,874 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Paysign by 49.7% in the first quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock valued at $144,000 after purchasing an additional 13,093 shares during the period. Institutional investors and hedge funds own 25.89% of the company’s stock.

Paysign Company Profile

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.