Paysign (NASDAQ:PAYS) EVP Joan Herman Sells 100,000 Shares of Stock

Paysign, Inc. (NASDAQ:PAYS) EVP Joan Herman sold 100,000 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $8.01, for a total transaction 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. The trade was a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paysign Stock Down 1.6%

Shares of Paysign stock opened at $8.19 on Wednesday. The firm has a market cap of $457.90 million, a PE ratio of 48.18 and a beta of 0.73. Paysign, Inc. has a twelve month low of $3.08 and a twelve month high of $8.88. The business has a 50-day moving average price of $6.83 and a 200 day moving average price of $5.33.

Paysign (NASDAQ:PAYS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $28.04 million for the quarter, compared to the consensus estimate of $27.01 million. Paysign had a return on equity of 21.74% and a net margin of 11.38%.Paysign has set its Q2 2026 guidance at 0.060-0.070 EPS. On average, sell-side analysts expect that Paysign, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on PAYS shares. Lake Street Capital boosted their price target on shares of Paysign from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Wall Street Zen downgraded shares of Paysign from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. DA Davidson reiterated a “buy” rating and issued a $9.00 target price on shares of Paysign in a research report on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 25th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Paysign presently has a consensus rating of “Buy” and a consensus target price of $10.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Paysign by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock worth $548,000 after purchasing an additional 17,466 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Paysign in the first quarter valued at about $51,000. Rhumbline Advisers raised its position in shares of Paysign by 5.2% in the first quarter. Rhumbline Advisers now owns 46,587 shares of the company’s stock valued at $99,000 after buying an additional 2,303 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Paysign by 1.6% in the second quarter. Geode Capital Management LLC now owns 788,500 shares of the company’s stock worth $5,679,000 after buying an additional 12,490 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Paysign by 19.1% in the second quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock worth $122,000 after buying an additional 2,716 shares in the last quarter. 25.89% of the stock is owned by institutional investors and hedge funds.

About Paysign

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.