Paysign (NASDAQ:PAYS) Receives Outperform Rating from Barrington Research

Barrington Research reissued their outperform rating on shares of Paysign (NASDAQ:PAYS) in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a $5.50 price target on the stock.

Separately, DA Davidson increased their target price on Paysign from $4.50 to $5.50 and gave the stock a buy rating in a research note on Tuesday, April 30th.

Paysign Price Performance

Shares of PAYS opened at $4.92 on Monday. The firm has a 50-day simple moving average of $3.91 and a two-hundred day simple moving average of $3.05. Paysign has a 1-year low of $1.67 and a 1-year high of $4.92. The stock has a market cap of $260.60 million, a PE ratio of 37.85 and a beta of 0.98.

Paysign (NASDAQ:PAYS) last announced its earnings results on Tuesday, March 26th. The company reported $0.10 earnings per share (EPS) for the quarter. Paysign had a return on equity of 34.33% and a net margin of 13.66%. The company had revenue of $13.69 million for the quarter, compared to analyst estimates of $11.57 million. As a group, sell-side analysts expect that Paysign will post 0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Paysign news, major shareholder Topline Capital Partners, Lp purchased 51,300 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $2.93 per share, for a total transaction of $150,309.00. Following the completion of the purchase, the insider now directly owns 6,099,317 shares in the company, valued at approximately $17,870,998.81. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, insider Topline Capital Management, Ll bought 54,183 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $2.97 per share, for a total transaction of $160,923.51. Following the completion of the purchase, the insider now owns 6,153,500 shares of the company’s stock, valued at $18,275,895. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Topline Capital Partners, Lp bought 51,300 shares of Paysign stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $2.93 per share, for a total transaction of $150,309.00. Following the acquisition, the insider now owns 6,099,317 shares of the company’s stock, valued at $17,870,998.81. The disclosure for this purchase can be found here. Insiders have acquired a total of 476,086 shares of company stock worth $1,416,208 in the last ninety days. 23.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAYS. Norden Group LLC lifted its position in shares of Paysign by 38.7% during the 1st quarter. Norden Group LLC now owns 14,883 shares of the company’s stock worth $54,000 after purchasing an additional 4,151 shares during the last quarter. Bridge City Capital LLC purchased a new stake in Paysign during the 3rd quarter worth about $61,000. Portside Wealth Group LLC boosted its position in shares of Paysign by 33.7% during the 3rd quarter. Portside Wealth Group LLC now owns 33,740 shares of the company’s stock worth $68,000 after acquiring an additional 8,508 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Paysign by 18.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock worth $74,000 after acquiring an additional 5,874 shares in the last quarter. Finally, Spouting Rock Asset Management LLC increased its holdings 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 valued at $74,000 after acquiring an additional 10,700 shares during the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

About Paysign

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for 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 accessible with a debit card.