Michael Ngo Sells 79,925 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) insider Michael Ngo sold 79,925 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $12.74, for a total value of $1,018,244.50. Following the completion of the sale, the insider owned 2,350,000 shares of the company’s stock, valued at $29,939,000. The trade was a 3.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Paysign Trading Down 2.5%

Shares of PAYS stock opened at $13.01 on Friday. The stock’s fifty day simple moving average is $11.16 and its 200-day simple moving average is $7.73. The company has a market capitalization of $734.54 million, a price-to-earnings ratio of 50.04 and a beta of 0.80. Paysign, Inc. has a 1-year low of $3.08 and a 1-year high of $14.43.

Paysign (NASDAQ:PAYS) last released its earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $28.25 million for the quarter, compared to analysts’ expectations of $26.36 million. Paysign had a return on equity of 30.13% and a net margin of 15.67%.Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. On average, sell-side analysts predict that Paysign, Inc. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Barrington Research set a $15.00 price target on Paysign in a research note on Tuesday, August 11th. DA Davidson increased their price objective on Paysign from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of Paysign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $13.00 target price on shares of Paysign in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $13.33.

Hedge Funds Weigh In On Paysign

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAYS. Raymond James Financial Inc. acquired a new stake in shares of Paysign in the second quarter worth $30,000. California State Teachers Retirement System grew its stake in Paysign by 114.4% in the 2nd quarter. California State Teachers Retirement System now owns 4,038 shares of the company’s stock valued at $33,000 after buying an additional 2,155 shares during the last quarter. Legal & General Group Plc bought a new position in Paysign in the 2nd quarter worth $35,000. BNP Paribas Financial Markets raised its holdings in Paysign by 99.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock worth $43,000 after acquiring an additional 3,453 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in Paysign by 381.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock worth $51,000 after acquiring an additional 7,825 shares during the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

About Paysign

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.