Paysign (NASDAQ:PAYS) CEO Sells $469,000.00 in Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 50,000 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $9.38, for a total transaction of $469,000.00. Following the completion of the sale, the chief executive officer owned 9,222,027 shares in the company, valued at $86,502,613.26. The trade was a 0.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paysign Stock Performance

NASDAQ PAYS traded down $0.20 on Friday, reaching $8.96. 270,218 shares of the company’s stock traded hands, compared to its average volume of 471,860. The firm has a market cap of $500.95 million, a price-to-earnings ratio of 52.71 and a beta of 0.72. The stock has a 50 day moving average price of $7.95 and a 200-day moving average price of $5.90. Paysign, Inc. has a fifty-two week low of $3.08 and a fifty-two week high of $9.49.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Paysign had a return on equity of 21.74% and a net margin of 11.38%.The company had revenue of $28.04 million for the quarter, compared to the consensus estimate of $27.01 million. Paysign has set its Q2 2026 guidance at 0.060-0.070 EPS. As a group, equities research analysts anticipate that Paysign, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

PAYS has been the topic of several recent research reports. DA Davidson restated a “buy” rating and issued a $9.00 price objective on shares of Paysign in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Paysign from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Weiss Ratings upgraded shares of Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $10.00.

Hedge Funds Weigh In On Paysign

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in Paysign by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock worth $548,000 after purchasing an additional 17,466 shares during the period. Jane Street Group LLC purchased a new stake in Paysign in the first quarter valued at $51,000. Rhumbline Advisers raised its position in Paysign by 5.2% in the first quarter. Rhumbline Advisers now owns 46,587 shares of the company’s stock valued at $99,000 after purchasing an additional 2,303 shares during the period. Geode Capital Management LLC lifted its stake in shares of Paysign by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 788,500 shares of the company’s stock valued at $5,679,000 after purchasing an additional 12,490 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Paysign by 19.1% in the 2nd quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock valued at $122,000 after purchasing an additional 2,716 shares during the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

Paysign Company Profile

Paysign, Inc (NASDAQ:PAYS) is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign’s offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company’s flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.