Paysign (NASDAQ:PAYS) CTO Bradley Kramer Cunningham Sells 10,000 Shares of Stock

Paysign, Inc. (NASDAQ:PAYS) CTO Bradley Kramer Cunningham sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $7.30, for a total value of $73,000.00. Following the completion of the transaction, the chief technology officer directly owned 351,631 shares in the company, valued at approximately $2,566,906.30. This represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Paysign Stock Up 3.8%

Shares of Paysign stock opened at $13.45 on Friday. The stock has a market capitalization of $759.41 million, a price-to-earnings ratio of 51.73 and a beta of 0.80. Paysign, Inc. has a twelve month low of $3.08 and a twelve month high of $14.43. The company has a 50-day simple moving average of $10.68 and a two-hundred day simple moving average of $7.39.

Paysign (NASDAQ:PAYS) last announced its earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 firm 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, sell-side analysts anticipate that Paysign, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PAYS shares. Lake Street Capital reaffirmed a “buy” rating and issued a $13.00 price target on shares of Paysign in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Paysign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. DA Davidson lifted their price target on Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a research note 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, Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $13.33.

Institutional Investors Weigh In On Paysign

Several large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in Paysign by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock worth $548,000 after purchasing an additional 17,466 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Paysign during the 1st quarter worth approximately $51,000. Rhumbline Advisers boosted its holdings in shares of Paysign by 5.2% during the 1st quarter. Rhumbline Advisers now owns 46,587 shares of the company’s stock worth $99,000 after buying an additional 2,303 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Paysign by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 788,500 shares of the company’s stock worth $5,679,000 after buying an additional 12,490 shares during the period. Finally, Invesco Ltd. grew its position in shares of Paysign by 19.1% during the 2nd quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock worth $122,000 after buying an additional 2,716 shares during the period. Institutional investors and hedge funds own 25.89% of the company’s stock.

About Paysign

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.