Paysign, Inc. $PAYS Shares Sold by 1248 Management LLC

1248 Management LLC lowered its stake in shares of Paysign, Inc. (NASDAQ:PAYS) by 25.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 690,000 shares of the company’s stock after selling 230,000 shares during the quarter. Paysign accounts for 0.8% of 1248 Management LLC’s investment portfolio, making the stock its 21st largest position. 1248 Management LLC’s holdings in Paysign were worth $1,463,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its stake in Paysign by 123.6% during the fourth quarter. Millennium Management LLC now owns 325,334 shares of the company’s stock worth $983,000 after buying an additional 179,814 shares during the last quarter. Northern Trust Corp boosted its stake in Paysign by 4.5% during the fourth quarter. Northern Trust Corp now owns 274,005 shares of the company’s stock worth $827,000 after buying an additional 11,806 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Paysign by 38.3% in the 1st quarter. GSA Capital Partners LLP now owns 271,781 shares of the company’s stock valued at $576,000 after purchasing an additional 75,311 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Paysign by 51.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 267,899 shares of the company’s stock valued at $809,000 after purchasing an additional 90,702 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Paysign by 98.8% in the 4th quarter. Two Sigma Investments LP now owns 181,775 shares of the company’s stock valued at $549,000 after purchasing an additional 90,346 shares during the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PAYS. DA Davidson set a $9.00 price target on Paysign in a research note on Thursday, August 7th. Lake Street Capital boosted their price objective on Paysign from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, LADENBURG THALM/SH SH boosted their price objective on Paysign from $7.25 to $8.25 and gave the company a “buy” rating in a report on Friday, May 9th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $8.56.

Insider Activity at Paysign

In other Paysign news, insider Robert Strobo sold 26,521 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7.09, for a total transaction of $188,033.89. Following the transaction, the insider owned 247,290 shares of the company’s stock, valued at approximately $1,753,286.10. This trade represents a 9.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Newcomer sold 62,158 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7.09, for a total value of $440,700.22. Following the transaction, the chief executive officer directly owned 8,750,728 shares in the company, valued at approximately $62,042,661.52. The trade was a 0.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 265,295 shares of company stock valued at $1,650,394. Corporate insiders own 22.40% of the company’s stock.

Paysign Price Performance

NASDAQ:PAYS opened at $5.18 on Monday. The firm has a market capitalization of $282.05 million, a PE ratio of 43.17 and a beta of 0.94. The business’s fifty day moving average price is $6.80 and its 200 day moving average price is $4.32. Paysign, Inc. has a 12 month low of $1.80 and a 12 month high of $8.88.

Paysign (NASDAQ:PAYS) last posted its earnings results on Tuesday, August 5th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $19.08 million during the quarter, compared to analysts’ expectations of $18.69 million. Paysign had a net margin of 9.90% and a return on equity of 19.32%. Paysign has set its Q3 2025 guidance at EPS. FY 2025 guidance at 0.100-0.120 EPS. As a group, equities analysts anticipate that Paysign, Inc. will post 0.21 EPS for the current year.

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.