Militia Capital Management LLC bought a new stake in Paysign, Inc. (NASDAQ:PAYS – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 79,800 shares of the company’s stock, valued at approximately $471,000. Militia Capital Management LLC owned about 0.14% of Paysign at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Paysign in the 2nd quarter valued at approximately $30,000. BNP Paribas Financial Markets boosted its position in shares of Paysign by 99.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock worth $43,000 after purchasing an additional 3,453 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Paysign by 381.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock worth $51,000 after purchasing an additional 7,825 shares during the period. Jane Street Group LLC acquired a new stake in Paysign in the 1st quarter valued at approximately $51,000. Finally, SG Americas Securities LLC acquired a new stake in Paysign in the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 25.89% of the company’s stock.
Paysign Stock Up 3.2%
Shares of PAYS opened at $9.25 on Tuesday. Paysign, Inc. has a fifty-two week low of $3.08 and a fifty-two week high of $9.49. The firm’s 50 day moving average price is $8.00 and its 200 day moving average price is $5.94. The company has a market cap of $517.17 million, a P/E ratio of 54.41 and a beta of 0.74.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Barrington Research set a $11.00 price target on Paysign in a research note on Monday. DA Davidson reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Paysign in a research note on Wednesday, May 13th. Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered Paysign from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $10.33.
View Our Latest Analysis on Paysign
Insider Activity
In other news, EVP Joan M. Herman sold 100,000 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $8.01, for a total value of $801,000.00. Following the sale, the executive vice president directly owned 707,009 shares in the company, valued at approximately $5,663,142.09. This trade represents a 12.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Newcomer sold 50,000 shares of Paysign stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $9.38, for a total value of $469,000.00. Following the completion of the transaction, the chief executive officer owned 9,222,027 shares of the company’s stock, valued at approximately $86,502,613.26. This trade represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 221,736 shares of company stock worth $1,803,479. Corporate insiders own 24.50% of the company’s stock.
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.
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