Thompson Siegel & Walmsley LLC grew its holdings in shares of Paysign, Inc. (NASDAQ:PAYS – Free Report) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,457,941 shares of the company’s stock after buying an additional 187,767 shares during the quarter. Thompson Siegel & Walmsley LLC owned 2.65% of Paysign worth $7,508,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in PAYS. Royce & Associates LP grew its stake in shares of Paysign by 25.0% in the fourth quarter. Royce & Associates LP now owns 778,183 shares of the company’s stock valued at $4,008,000 after buying an additional 155,606 shares in the last quarter. Strs Ohio raised its stake in shares of Paysign by 25.4% in the 4th quarter. Strs Ohio now owns 99,600 shares of the company’s stock valued at $513,000 after purchasing an additional 20,200 shares in the last quarter. North Star Investment Management Corp. bought a new stake in shares of Paysign in the 4th quarter valued at approximately $196,000. State of Alaska Department of Revenue lifted its position in shares of Paysign by 434.3% in the 4th quarter. State of Alaska Department of Revenue now owns 11,498 shares of the company’s stock worth $59,000 after buying an additional 9,346 shares during the last quarter. Finally, Palisades Investment Partners LLC raised its position in shares of Paysign by 3.0% during the 4th quarter. Palisades Investment Partners LLC now owns 924,373 shares of the company’s stock worth $4,761,000 after purchasing an additional 26,739 shares during the period. 25.89% of the stock is owned by hedge funds and other institutional investors.
Paysign Trading Up 6.6%
Shares of PAYS opened at $7.75 on Tuesday. Paysign, Inc. has a 1-year low of $3.08 and a 1-year high of $8.88. The business’s 50-day moving average price is $6.04 and its 200 day moving average price is $5.02. The stock has a market capitalization of $433.27 million, a P/E ratio of 45.59 and a beta of 0.72.
Insiders Place Their Bets
In other news, EVP Joan M. Herman sold 22,534 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $7.01, for a total value of $157,963.34. Following the transaction, the executive vice president owned 813,989 shares in the company, valued at $5,706,062.89. This represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 24.50% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
PAYS has been the subject of a number of analyst reports. Lake Street Capital boosted their target price on shares of Paysign from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Wall Street Zen upgraded Paysign from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. DA Davidson reiterated a “buy” rating and set a $9.00 price target on shares of Paysign in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised Paysign from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.00.
Check Out Our Latest Stock Report on Paysign
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.
Read More
- Five stocks we like better than Paysign
- Why 1 Little-Known ETF Is Riding the AI Chip Shortage
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
- Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
- Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
Receive News & Ratings for Paysign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paysign and related companies with MarketBeat.com's FREE daily email newsletter.
