Paysign, Inc. $PAYS Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in Paysign, Inc. (NASDAQ:PAYS) by 2,943.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 385,732 shares of the company’s stock after purchasing an additional 373,057 shares during the quarter. New York State Common Retirement Fund’s holdings in Paysign were worth $2,426,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Paysign during the 2nd quarter worth about $30,000. Jane Street Group LLC purchased a new stake in Paysign during the first quarter worth about $51,000. Inscription Capital LLC acquired a new stake in shares of Paysign during the third quarter worth about $69,000. Westwood Holdings Group Inc. acquired a new stake in shares of Paysign during the second quarter worth about $86,000. Finally, Federated Hermes Inc. purchased a new position in shares of Paysign in the third quarter valued at approximately $86,000. 25.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $9.00 target price on shares of Paysign in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paysign in a research report on Thursday, January 22nd. Finally, Wall Street Zen lowered Paysign from a “buy” rating to a “hold” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $8.56.

Insider Transactions at Paysign

In other Paysign news, insider Robert Strobo sold 20,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $5.47, for a total value of $109,400.00. Following the transaction, the insider directly owned 327,290 shares in the company, valued at $1,790,276.30. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.40% of the stock is owned by company insiders.

Paysign Trading Up 5.1%

Shares of PAYS stock opened at $3.72 on Monday. The firm has a fifty day moving average price of $4.86 and a 200 day moving average price of $5.38. The company has a market cap of $204.75 million, a P/E ratio of 28.62 and a beta of 0.96. Paysign, Inc. has a 12 month low of $1.80 and a 12 month high of $8.88.

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, hitting analysts’ consensus estimates 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 return on equity of 19.18% and a net margin of 10.10%.Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. On average, equities analysts forecast that Paysign, Inc. will post 0.21 EPS for the current year.

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.