Joule Financial LLC Has $2.89 Million Position in Paysign, Inc. $PAYS

Joule Financial LLC lessened its stake in shares of Paysign, Inc. (NASDAQ:PAYS) by 0.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 400,969 shares of the company’s stock after selling 3,050 shares during the period. Paysign makes up approximately 0.9% of Joule Financial LLC’s portfolio, making the stock its 19th biggest position. Joule Financial LLC’s holdings in Paysign were worth $2,887,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Royce & Associates LP lifted its stake in shares of Paysign by 36.5% in the 1st quarter. Royce & Associates LP now owns 19,319 shares of the company’s stock valued at $41,000 after acquiring an additional 5,166 shares during the last quarter. Jane Street Group LLC acquired a new position in Paysign in the 1st quarter worth about $51,000. Nuveen LLC acquired a new position in Paysign in the 1st quarter worth about $95,000. 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 last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Paysign by 20.9% during the fourth quarter. Bank of America Corp DE now owns 47,675 shares of the company’s stock valued at $144,000 after purchasing an additional 8,235 shares in the last quarter. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Paysign Stock Up 1.4%

Shares of Paysign stock opened at $6.34 on Monday. Paysign, Inc. has a 52 week low of $1.80 and a 52 week high of $8.88. The business has a 50 day moving average price of $5.79 and a 200-day moving average price of $4.85. The company has a market cap of $345.21 million, a PE ratio of 52.83 and a beta of 0.93.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $19.08 million for the quarter, compared to the consensus estimate of $18.69 million. Paysign had a return on equity of 19.32% and a net margin of 9.90%. Paysign has set its Q3 2025 guidance at EPS. FY 2025 guidance at 0.100-0.120 EPS. As a group, research analysts anticipate that Paysign, Inc. will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PAYS shares. Lake Street Capital upped their price objective on Paysign from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Paysign in a research report on Saturday, September 27th. Finally, DA Davidson set a $9.00 price target on shares of Paysign in a research note on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $8.56.

Insider Buying and Selling

In related news, EVP Joan M. Herman sold 14,160 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7.09, for a total transaction of $100,394.40. Following the transaction, the executive vice president directly owned 821,583 shares of the company’s stock, valued at $5,825,023.47. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffery Bradford Baker sold 30,396 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7.09, for a total transaction of $215,507.64. Following the transaction, the chief financial officer owned 252,273 shares in the company, valued at approximately $1,788,615.57. This trade represents a 10.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 159,602 shares of company stock valued at $1,131,578 over the last 90 days. 22.40% of the stock is currently owned by company insiders.

About Paysign

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.