Paysign, Inc. (NASDAQ:PAYS) Stake Lifted by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in Paysign, Inc. (NASDAQ:PAYS) by 257.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 44,793 shares of the company’s stock after buying an additional 32,245 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.08% of Paysign worth $164,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Paysign in the 3rd quarter worth about $43,000. Algert Global LLC acquired a new stake in shares of Paysign in the second quarter valued at approximately $46,000. The Manufacturers Life Insurance Company bought a new stake in shares of Paysign during the second quarter valued at approximately $66,000. American Century Companies Inc. acquired a new position in shares of Paysign during the second quarter worth approximately $92,000. Finally, Bard Associates Inc. bought a new position in Paysign in the 3rd quarter worth approximately $103,000. Institutional investors and hedge funds own 25.89% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and issued a $7.00 target price on shares of Paysign in a research report on Monday, November 4th.

Paysign Trading Down 1.9 %

Paysign stock opened at $3.11 on Wednesday. Paysign, Inc. has a 52 week low of $2.40 and a 52 week high of $5.59. The stock has a market cap of $166.53 million, a price-to-earnings ratio of 20.73 and a beta of 0.93. The company’s 50-day moving average price is $3.56 and its two-hundred day moving average price is $4.09.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Paysign had a net margin of 14.28% and a return on equity of 30.64%. The business had revenue of $15.26 million for the quarter, compared to analyst estimates of $14.96 million. During the same quarter last year, the business earned $0.02 earnings per share. Research analysts expect that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Insider Transactions at Paysign

In other news, major shareholder Daniel Spence sold 100,000 shares of Paysign stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $3.60, for a total value of $360,000.00. Following the transaction, the insider now owns 9,090,000 shares of the company’s stock, valued at $32,724,000. The trade was a 1.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark Newcomer sold 41,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $3.31, for a total transaction of $135,710.00. Following the sale, the chief executive officer now directly owns 9,195,886 shares of the company’s stock, valued at approximately $30,438,382.66. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,860 shares of company stock valued at $1,240,996. Corporate insiders own 23.40% of the company’s stock.

Paysign 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.