Payment Data Systems, Inc. (PYDS) CEO Louis A. Hoch Sells 6,500 Shares

Payment Data Systems, Inc. (NASDAQ:PYDS) CEO Louis A. Hoch sold 6,500 shares of Payment Data Systems stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $2.24, for a total transaction of $14,560.00. Following the completion of the sale, the chief executive officer now directly owns 2,498,613 shares of the company’s stock, valued at approximately $5,596,893.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Payment Data Systems, Inc. (NASDAQ PYDS) traded down $0.15 during mid-day trading on Friday, hitting $2.12. 81,017 shares of the company traded hands, compared to its average volume of 325,402. Payment Data Systems, Inc. has a 1-year low of $1.17 and a 1-year high of $4.10.

Several research firms recently issued reports on PYDS. ValuEngine lowered shares of Payment Data Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. TheStreet raised shares of Payment Data Systems from a “d” rating to a “c-” rating in a research note on Monday, November 27th.

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Payment Data Systems Company Profile

Payment Data Systems, Inc is engaged in the business of processing electronic payments for other companies, including a range of automated clearing house (ACH) processing, credit, prepaid card and debit card-based processing. The Company is an integrated payment solutions provider offering a range of services to merchants, billers, banks, service bureaus, and card issuers.

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