DA Davidson Increases PaySign (NASDAQ:PAYS) Price Target to $4.00

PaySign (NASDAQ:PAYS) had its target price increased by DA Davidson from $3.00 to $4.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.

PAYS has been the topic of several other research reports. Barrington Research reaffirmed an outperform rating and set a $5.50 target price on shares of PaySign in a research note on Thursday, March 21st. TheStreet raised PaySign from a d+ rating to a c- rating in a research note on Wednesday, January 3rd.

PaySign Price Performance

Shares of PaySign stock opened at $3.66 on Monday. The business’s fifty day moving average price is $3.08 and its two-hundred day moving average price is $2.53. The company has a market capitalization of $193.07 million, a P/E ratio of 30.50 and a beta of 1.06. PaySign has a 1-year low of $1.67 and a 1-year high of $4.53.

Insider Transactions at PaySign

In other news, insider Topline Capital Management, Ll acquired 87,344 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were bought at an average price of $3.08 per share, with a total value of $269,019.52. Following the purchase, the insider now owns 5,572,356 shares of the company’s stock, valued at $17,162,856.48. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Topline Capital Management, Ll bought 87,344 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average cost of $3.08 per share, for a total transaction of $269,019.52. Following the acquisition, the insider now directly owns 5,572,356 shares of the company’s stock, valued at approximately $17,162,856.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Topline Capital Partners, Lp bought 51,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average price of $2.93 per share, for a total transaction of $150,309.00. Following the completion of the acquisition, the insider now directly owns 6,099,317 shares in the company, valued at $17,870,998.81. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 691,570 shares of company stock valued at $2,046,811. Corporate insiders own 23.40% of the company’s stock.

Hedge Funds Weigh In On PaySign

Hedge funds have recently modified their holdings of the stock. Freedom Wealth Alliance LLC acquired a new position in shares of PaySign in the 4th quarter worth $25,000. California State Teachers Retirement System acquired a new position in shares of PaySign in the 2nd quarter worth $27,000. Walleye Capital LLC acquired a new position in shares of PaySign in the 2nd quarter worth $29,000. Wells Fargo & Company MN grew its holdings in shares of PaySign by 6,091.8% during the second quarter. Wells Fargo & Company MN now owns 13,622 shares of the company’s stock valued at $33,000 after buying an additional 13,402 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC purchased a new position in shares of PaySign during the second quarter valued at $35,000. 25.89% of the stock is currently owned by institutional investors and hedge funds.

PaySign Company Profile

PaySign, Inc provides prepaid card products and processing services under the PaySign brand for corporate, consumer, and government applications. It offers various services, such as transaction processing, cardholder enrollment, value loading, data and analytics, and customer services. The company also offers 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.