Sanctuary Advisors LLC Makes New $452,000 Investment in Paysign, Inc. $PAYS

Sanctuary Advisors LLC purchased a new stake in Paysign, Inc. (NASDAQ:PAYS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 55,211 shares of the company’s stock, valued at approximately $452,000.

Several other institutional investors have also recently made changes to their positions in PAYS. Raymond James Financial Inc. bought a new position in shares of Paysign during the 2nd quarter worth about $30,000. BNP Paribas Financial Markets increased its position in Paysign by 99.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock valued at $43,000 after buying an additional 3,453 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Paysign by 381.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock valued at $51,000 after buying an additional 7,825 shares in the last quarter. Jane Street Group LLC acquired a new position in Paysign during the 1st quarter worth approximately $51,000. Finally, Quarry LP acquired a new position in Paysign during the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 25.89% of the company’s stock.

Analysts Set New Price Targets

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

Paysign Price Performance

NASDAQ PAYS opened at $12.89 on Friday. The company has a fifty day moving average price of $10.17 and a 200-day moving average price of $7.06. The firm has a market cap of $727.80 million, a price-to-earnings ratio of 49.58 and a beta of 0.74. Paysign, Inc. has a 1 year low of $3.08 and a 1 year high of $14.43.

Paysign (NASDAQ:PAYS) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share 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. On average, research analysts anticipate that Paysign, Inc. will post 0.58 EPS for the current fiscal year.

Insider Activity

In other news, CEO Mark Newcomer sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $11.88, for a total value of $1,782,000.00. Following the transaction, the chief executive officer owned 9,163,002 shares in the company, valued at $108,856,463.76. The trade was a 1.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffery Bradford Baker sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $12.62, for a total value of $441,700.00. Following the completion of the transaction, the chief financial officer directly owned 542,171 shares of the company’s stock, valued at approximately $6,842,198.02. This represents a 6.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 384,202 shares of company stock worth $3,869,216 in the last quarter. 24.50% of the stock is owned by corporate insiders.

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.