Paysign, Inc. (NASDAQ:PAYS – Get Free Report) insider Michael Ngo sold 70,075 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $12.85, for a total value of $900,463.75. Following the sale, the insider directly owned 2,429,925 shares in the company, valued at $31,224,536.25. This represents a 2.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Paysign Trading Up 2.4%
NASDAQ:PAYS traded up $0.31 during midday trading on Thursday, reaching $13.34. The company had a trading volume of 820,654 shares, compared to its average volume of 693,808. The firm has a market capitalization of $753.18 million, a price-to-earnings ratio of 51.31 and a beta of 0.80. The stock’s fifty day simple moving average is $11.07 and its 200-day simple moving average is $7.69. Paysign, Inc. has a 12-month low of $3.08 and a 12-month high of $14.43.
Paysign (NASDAQ:PAYS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $28.25 million for the quarter, compared to the consensus estimate 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. As a group, sell-side analysts expect that Paysign, Inc. will post 0.58 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Report on Paysign
Hedge Funds Weigh In On Paysign
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Paysign during the 2nd quarter worth approximately $30,000. California State Teachers Retirement System boosted its stake in Paysign by 114.4% in the second quarter. California State Teachers Retirement System now owns 4,038 shares of the company’s stock valued at $33,000 after acquiring an additional 2,155 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Paysign during the second quarter worth about $35,000. BNP Paribas Financial Markets increased its position in shares of Paysign by 99.8% during the third quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock worth $43,000 after purchasing an additional 3,453 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Paysign by 381.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock valued at $51,000 after purchasing an additional 7,825 shares during the last quarter. 25.89% of the stock is owned by institutional investors and hedge funds.
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.
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