Paysign, Inc. (NASDAQ:PAYS) CEO Sells $212,500.00 in Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 50,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $4.25, for a total value of $212,500.00. Following the completion of the transaction, the chief executive officer now owns 9,486,886 shares in the company, valued at approximately $40,319,265.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mark Newcomer also recently made the following trade(s):

• On Thursday, September 19th, Mark Newcomer sold 1,500 shares of Paysign stock. The stock was sold at an average price of $4.50, for a total value of $6,750.00.
• On Friday, September 13th, Mark Newcomer sold 1,500 shares of Paysign stock. The stock was sold at an average price of $4.50, for a total value of $6,750.00.
• On Monday, August 5th, Mark Newcomer sold 69,593 shares of Paysign stock. The stock was sold at an average price of $4.54, for a total value of $315,952.22.

Paysign Trading Down 4.5 %

Paysign stock traded down $0.20 during midday trading on Monday, reaching $4.24. The company’s stock had a trading volume of 193,393 shares, compared to its average volume of 270,393. Paysign, Inc. has a 52 week low of $1.67 and a 52 week high of $5.59. The business has a 50-day moving average price of $4.72 and a 200-day moving average price of $4.36. The stock has a market cap of $224.63 million, a PE ratio of 32.62 and a beta of 0.96.

Paysign (NASDAQ:PAYS) last released its earnings results on Wednesday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter. Paysign had a return on equity of 32.55% and a net margin of 14.42%. The firm had revenue of $14.33 million for the quarter, compared to analysts’ expectations of $14.07 million. As a group, research analysts predict that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and issued a $7.00 price target on shares of Paysign in a research report on Friday, June 28th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Algert Global LLC bought a new stake in shares of Paysign during the second quarter worth about $46,000. Norden Group LLC grew its holdings in shares of Paysign by 38.7% during the first quarter. Norden Group LLC now owns 14,883 shares of the company’s stock worth $54,000 after purchasing an additional 4,151 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Paysign during the second quarter worth about $66,000. American Century Companies Inc. bought a new stake in shares of Paysign during the second quarter worth about $92,000. Finally, Rhumbline Advisers grew its holdings in shares of Paysign by 25.1% during the second quarter. Rhumbline Advisers now owns 35,835 shares of the company’s stock worth $154,000 after purchasing an additional 7,190 shares during the last quarter. Institutional investors 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.