Paysign, Inc. $PAYS Shares Acquired by Panagora Asset Management Inc.

Panagora Asset Management Inc. boosted its stake in Paysign, Inc. (NASDAQ:PAYS) by 255.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,640 shares of the company’s stock after acquiring an additional 116,139 shares during the period. Panagora Asset Management Inc. owned 0.30% of Paysign worth $1,164,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Paysign in the 2nd quarter valued at about $392,000. Strs Ohio bought a new stake in Paysign in the first quarter valued at about $259,000. Total Clarity Wealth Management Inc. acquired a new stake in Paysign during the second quarter valued at approximately $371,000. Brendel Financial Advisors LLC bought a new position in Paysign during the 2nd quarter worth approximately $338,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Paysign in the 2nd quarter worth approximately $869,000. 25.89% of the stock is currently owned by institutional investors.

Paysign Price Performance

Shares of PAYS opened at $5.33 on Friday. Paysign, Inc. has a 12 month low of $1.80 and a 12 month high of $8.88. The stock has a fifty day moving average price of $5.45 and a 200 day moving average price of $5.75. The company has a market cap of $293.36 million, a P/E ratio of 41.00 and a beta of 0.93.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $21.60 million during the quarter, compared to the consensus estimate of $19.92 million. Paysign had a net margin of 10.10% and a return on equity of 19.18%. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. As a group, research analysts anticipate that Paysign, Inc. will post 0.21 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PAYS. Weiss Ratings reissued a “hold (c)” rating on shares of Paysign in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Paysign from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, DA Davidson restated a “buy” rating and issued a $9.00 price target on shares of Paysign in a research report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Paysign presently has an average rating of “Moderate Buy” and a consensus target price of $8.56.

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.