PaySign (NASDAQ:PAYS) Given Outperform Rating at Barrington Research

Barrington Research restated their outperform rating on shares of PaySign (NASDAQ:PAYS) in a report published on Wednesday morning, Benzinga reports. The firm currently has a $5.50 target price on the stock.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson lifted their price target on shares of PaySign from $3.00 to $4.00 and gave the company a buy rating in a research note on Monday, March 25th. TheStreet raised shares of PaySign from a d+ rating to a c- rating in a research note on Wednesday, January 3rd.

PaySign Stock Performance

PAYS stock opened at $3.66 on Wednesday. The firm has a market cap of $193.07 million, a price-to-earnings ratio of 30.50 and a beta of 1.06. The firm has a 50-day simple moving average of $3.11 and a two-hundred day simple moving average of $2.54. PaySign has a one year low of $1.67 and a one year high of $4.53.

Insider Transactions at PaySign

In other PaySign news, CFO Jeffery Bradford Baker sold 27,691 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $2.87, for a total value of $79,473.17. Following the completion of the sale, the chief financial officer now owns 157,097 shares in the company, valued at $450,868.39. The sale was disclosed in a document filed with the SEC, which is available through this link. In other PaySign news, major shareholder Topline Capital Partners, Lp acquired 51,300 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average price of $2.93 per share, with a total value of $150,309.00. Following the completion of the acquisition, the insider now directly owns 6,099,317 shares of the company’s stock, valued at approximately $17,870,998.81. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffery Bradford Baker sold 27,691 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $2.87, for a total value of $79,473.17. Following the transaction, the chief financial officer now directly owns 157,097 shares in the company, valued at approximately $450,868.39. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 691,570 shares of company stock valued at $2,046,811. 23.40% of the stock is currently owned by corporate insiders.

Institutional Trading of PaySign

Several large investors have recently bought and sold shares of PAYS. Vanguard Group Inc. raised its holdings in shares of PaySign by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,600,554 shares of the company’s stock worth $4,482,000 after purchasing an additional 30,437 shares during the period. Barclays PLC grew its stake in PaySign by 663.8% during the 4th quarter. Barclays PLC now owns 45,708 shares of the company’s stock valued at $128,000 after purchasing an additional 39,724 shares in the last quarter. Owls Nest Partners IA LLC grew its stake in PaySign by 1.5% during the 4th quarter. Owls Nest Partners IA LLC now owns 261,661 shares of the company’s stock valued at $733,000 after purchasing an additional 3,853 shares in the last quarter. Spouting Rock Asset Management LLC grew its position in shares of PaySign by 39.0% in the 3rd quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock worth $74,000 after acquiring an additional 10,700 shares in the last quarter. Finally, Townsquare Capital LLC grew its position in shares of PaySign by 33.1% in the 3rd quarter. Townsquare Capital LLC now owns 154,132 shares of the company’s stock worth $301,000 after acquiring an additional 38,366 shares in the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

About PaySign

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.