Michael Ngo Sells 70,075 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) insider Michael Ngo sold 70,075 shares of Paysign stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $12.85, for a total transaction of $900,463.75. Following the completion of the transaction, the insider directly owned 2,429,925 shares in the company, valued at $31,224,536.25. The trade was a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Paysign Stock Up 2.4%

NASDAQ:PAYS traded up $0.31 during trading hours on Thursday, reaching $13.34. 820,654 shares of the company’s stock were exchanged, compared to its average volume of 693,808. Paysign, Inc. has a 1-year low of $3.08 and a 1-year high of $14.43. 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 company has a 50-day moving average of $11.07 and a 200 day moving average of $7.69.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Paysign had a net margin of 15.67% and a return on equity of 30.13%. 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. Research analysts forecast that Paysign, Inc. will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Paysign

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Paysign by 16.8% during the first quarter. Dimensional Fund Advisors LP now owns 575,619 shares of the company’s stock worth $3,396,000 after buying an additional 82,736 shares in the last quarter. Renaissance Technologies LLC lifted its position 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 valued at $9,033,000 after acquiring an additional 227,300 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in shares of Paysign during the 2nd quarter worth approximately $877,000. Bank of America Corp DE boosted its stake in shares of Paysign by 345.9% during the 1st quarter. Bank of America Corp DE now owns 130,930 shares of the company’s stock worth $772,000 after acquiring an additional 101,568 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Paysign in the 1st quarter worth approximately $1,110,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Paysign Company 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.