Paysign, Inc. $PAYS Shares Bought by Royce & Associates LP

Royce & Associates LP boosted its stake in shares of Paysign, Inc. (NASDAQ:PAYS) by 150.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 622,577 shares of the company’s stock after purchasing an additional 373,519 shares during the quarter. Royce & Associates LP’s holdings in Paysign were worth $3,916,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Paysign during the second quarter valued at approximately $30,000. Jane Street Group LLC acquired a new stake in Paysign in the 1st quarter valued at approximately $51,000. Inscription Capital LLC acquired a new stake in Paysign in the 3rd quarter valued at approximately $69,000. AlphaQuest LLC bought a new stake in Paysign during the 3rd quarter valued at $69,000. Finally, Federated Hermes Inc. bought a new stake in Paysign during the 3rd quarter valued at $86,000. Institutional investors own 25.89% of the company’s stock.

Paysign Stock Performance

Shares of NASDAQ:PAYS opened at $3.85 on Friday. The stock has a market capitalization of $211.90 million, a price-to-earnings ratio of 29.62 and a beta of 0.99. Paysign, Inc. has a 1-year low of $1.80 and a 1-year high of $8.88. The company has a 50 day moving average price of $4.16 and a 200 day moving average price of $4.99.

Insider Buying and Selling at Paysign

In related news, insider Robert Strobo sold 20,000 shares of Paysign stock in a transaction on Friday, December 12th. The stock was sold at an average price of $5.47, for a total value of $109,400.00. Following the transaction, the insider directly owned 327,290 shares in the company, valued at $1,790,276.30. The trade was a 5.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 22.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PAYS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Paysign in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Paysign from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, DA Davidson reissued a “buy” rating and set a $9.00 target price on shares of Paysign in a research note on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.56.

Paysign 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.