Paysign (NASDAQ:PAYS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Paysign (NASDAQ:PAYS) from a hold rating to a buy rating in a report issued on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Paysign in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Paysign has a consensus rating of “Moderate Buy” and a consensus target price of $8.56.

Paysign Price Performance

Shares of PAYS opened at $3.53 on Friday. The business’s fifty day moving average price is $3.95 and its 200 day moving average price is $4.90. Paysign has a 12-month low of $1.80 and a 12-month high of $8.88. The stock has a market capitalization of $194.29 million, a PE ratio of 27.16 and a beta of 0.99.

Institutional Trading of Paysign

Several hedge funds have recently made changes to their positions in PAYS. Palisades Investment Partners LLC bought a new position in Paysign during the 3rd quarter worth $5,646,000. New York State Common Retirement Fund increased its position in Paysign by 2,943.3% in the third quarter. New York State Common Retirement Fund now owns 385,732 shares of the company’s stock worth $2,426,000 after buying an additional 373,057 shares during the period. Royce & Associates LP lifted its stake in Paysign by 150.0% in the third quarter. Royce & Associates LP now owns 622,577 shares of the company’s stock valued at $3,916,000 after buying an additional 373,519 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Paysign in the second quarter valued at $869,000. Finally, Precision Wealth Strategies LLC acquired a new position in shares of Paysign during the third quarter valued at $1,013,000. Institutional investors own 25.89% of the company’s stock.

Paysign Company 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.