Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 120,689 Paysign, Inc. $PAYS

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Paysign, Inc. (NASDAQ:PAYS) during the 2nd quarter, HoldingsChannel reports. The fund bought 120,689 shares of the company’s stock, valued at approximately $869,000.

A number of other hedge funds also recently modified their holdings of the stock. GSA Capital Partners LLP raised its stake in Paysign by 38.3% in the first 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 in the last quarter. Goldman Sachs Group Inc. increased its holdings in Paysign by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock valued at $548,000 after buying an additional 17,466 shares during the period. Strs Ohio acquired a new position in shares of Paysign in the 1st quarter valued at approximately $259,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Paysign during the 2nd quarter worth approximately $392,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of Paysign during the 2nd quarter worth approximately $371,000. Institutional investors own 25.89% of the company’s stock.

Paysign Stock Performance

Shares of NASDAQ:PAYS opened at $4.99 on Wednesday. Paysign, Inc. has a 52-week low of $1.80 and a 52-week high of $8.88. The company has a market capitalization of $274.66 million, a PE ratio of 41.58 and a beta of 0.87. The company has a fifty day moving average of $5.56 and a 200-day moving average of $5.60.

Paysign (NASDAQ:PAYS) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Paysign had a return on equity of 19.32% and a net margin of 9.90%.The company had revenue of $21.60 million for the quarter, compared to the consensus estimate of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. On average, equities analysts forecast that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PAYS. Weiss Ratings reissued a “hold (c)” rating on shares of Paysign in a research note on Wednesday, October 8th. Wall Street Zen upgraded Paysign from a “hold” rating to a “buy” rating in a research note on Saturday. Lake Street Capital boosted their price target on Paysign from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Paysign in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Paysign has an average rating of “Moderate Buy” and an average price target of $8.56.

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.