Matthew Baker Turner Sells 15,057 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYSGet Free Report) insider Matthew Baker Turner sold 15,057 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $4.16, for a total value of $62,637.12. Following the completion of the transaction, the insider owned 454,943 shares in the company, valued at approximately $1,892,562.88. The trade was a 3.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Paysign Stock Up 3.8%

NASDAQ PAYS opened at $13.45 on Friday. The company has a market cap of $759.39 million, a price-to-earnings ratio of 51.73 and a beta of 0.80. Paysign, Inc. has a 52 week low of $3.08 and a 52 week high of $14.43. The business has a 50 day moving average price of $10.68 and a 200-day moving average price of $7.39.

Paysign (NASDAQ:PAYSGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Paysign had a return on equity of 30.13% and a net margin of 15.67%.The company had revenue of $28.25 million for the quarter, compared to analyst estimates of $26.36 million. 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, equities research analysts anticipate that Paysign, Inc. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on Paysign

Institutional Trading of Paysign

Large investors have recently added to or reduced their stakes in the stock. Topline Capital Management LLC raised its position in Paysign by 1.6% in the second quarter. Topline Capital Management LLC now owns 5,421,737 shares of the company’s stock worth $39,037,000 after acquiring an additional 85,591 shares during the period. BlackRock Inc. bought a new position in shares of Paysign during the 2nd quarter valued at approximately $25,219,000. Punch & Associates Investment Management Inc. bought a new position in shares of Paysign during the 2nd quarter valued at approximately $16,983,000. Vanguard Group Inc. increased its stake in shares of Paysign by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,820,371 shares of the company’s stock worth $11,450,000 after purchasing an additional 29,150 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Paysign by 17.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company’s stock worth $9,033,000 after purchasing an additional 227,300 shares during the last quarter. Hedge funds and other institutional investors own 25.89% of the company’s stock.

Paysign Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Paysign (NASDAQ:PAYS)

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