Joule Financial LLC Buys 213,206 Shares of Paysign, Inc. $PAYS

Joule Financial LLC lifted its stake in shares of Paysign, Inc. (NASDAQ:PAYS) by 53.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 614,175 shares of the company’s stock after acquiring an additional 213,206 shares during the period. Paysign makes up about 1.2% of Joule Financial LLC’s holdings, making the stock its 13th largest holding. Joule Financial LLC’s holdings in Paysign were worth $3,863,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PAYS. Rhumbline Advisers lifted its holdings in Paysign by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 48,770 shares of the company’s stock worth $351,000 after purchasing an additional 2,183 shares during the last quarter. Invesco Ltd. raised its position in shares of Paysign by 19.1% in the second 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 period. Raymond James Financial Inc. acquired a new stake in shares of Paysign in the second quarter worth $30,000. Occudo Quantitative Strategies LP boosted its holdings in shares of Paysign by 23.5% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 39,453 shares of the company’s stock worth $284,000 after buying an additional 7,516 shares during the period. Finally, Inscription Capital LLC acquired a new position in Paysign in the 3rd quarter valued at $69,000. 25.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $9.00 target price on shares of Paysign in a report on Thursday, November 13th. Wall Street Zen raised Paysign from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paysign in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.56.

Paysign Trading Down 2.3%

NASDAQ PAYS opened at $4.26 on Thursday. Paysign, Inc. has a 1-year low of $1.80 and a 1-year high of $8.88. The company has a market capitalization of $234.47 million, a price-to-earnings ratio of 32.77 and a beta of 0.96. The stock’s 50 day moving average is $5.04 and its two-hundred day moving average is $5.60.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Paysign had a net margin of 10.10% and a return on equity of 19.18%. The firm had revenue of $21.60 million during the quarter, compared to the consensus estimate of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. On average, analysts predict that Paysign, Inc. will post 0.21 earnings per share for the current year.

Insider Activity

In other Paysign news, insider Robert Strobo sold 20,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $5.47, for a total transaction of $109,400.00. Following the transaction, the insider owned 327,290 shares of the company’s stock, valued at approximately $1,790,276.30. This represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.40% of the company’s stock.

Paysign 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.