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

Barrington Research reiterated their outperform rating on shares of Paysign (NASDAQ:PAYS) in a research report sent to investors on Monday morning, Benzinga reports. They currently have a $5.50 target price on the stock.

Separately, DA Davidson lifted their price target on Paysign from $4.50 to $5.50 and gave the company a buy rating in a research report on Tuesday, April 30th.

Paysign Stock Performance

PAYS stock opened at $4.57 on Monday. Paysign has a fifty-two week low of $1.67 and a fifty-two week high of $4.80. The stock has a fifty day moving average of $3.87 and a 200-day moving average of $3.04. The company has a market capitalization of $242.07 million, a price-to-earnings ratio of 38.08 and a beta of 0.98.

Paysign (NASDAQ:PAYS) last posted its earnings results on Tuesday, March 26th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $13.69 million during the quarter, compared to the consensus estimate of $11.57 million. Paysign had a net margin of 13.66% and a return on equity of 34.33%. Equities analysts predict that Paysign will post 0.22 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Topline Capital Partners, Lp purchased 51,300 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $2.93 per share, with a total value of $150,309.00. Following the completion of the acquisition, the insider now owns 6,099,317 shares in the company, valued at approximately $17,870,998.81. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Topline Capital Management, Ll bought 26,444 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was acquired at an average cost of $3.01 per share, for a total transaction of $79,596.44. Following the completion of the transaction, the insider now directly owns 5,736,836 shares in the company, valued at approximately $17,267,876.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Topline Capital Partners, Lp purchased 51,300 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $2.93 per share, with a total value of $150,309.00. Following the purchase, the insider now owns 6,099,317 shares in the company, valued at $17,870,998.81. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 476,086 shares of company stock valued at $1,416,208. Company insiders own 23.30% of the company’s stock.

Institutional Trading of Paysign

A number of hedge funds have recently made changes to their positions in the stock. Spouting Rock Asset Management LLC increased its stake in 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 acquiring an additional 10,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Paysign by 18.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock worth $74,000 after purchasing an additional 5,874 shares in the last quarter. Bridge City Capital LLC bought a new position in shares of Paysign during the 3rd quarter valued at about $61,000. Portside Wealth Group LLC raised its holdings in shares of Paysign by 33.7% during the 3rd quarter. Portside Wealth Group LLC now owns 33,740 shares of the company’s stock valued at $68,000 after buying an additional 8,508 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Paysign by 49.7% during the 1st quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock valued at $144,000 after buying an additional 13,093 shares in the last quarter. 25.89% of the stock is owned by institutional investors.

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.