Payment Data Systems, Inc. (PYDS) Given $4.50 Average Target Price by Brokerages

Payment Data Systems, Inc. (NASDAQ:PYDS) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokerages have set a one year consensus price target of $4.50 for the company and are expecting that the company will post ($0.08) EPS for the current quarter, according to Zacks. Zacks has also assigned Payment Data Systems an industry rank of 86 out of 256 based on the ratings given to related companies.

Several research firms have recently commented on PYDS. Dawson James began coverage on shares of Payment Data Systems in a report on Wednesday, October 24th. They issued a “buy” rating for the company. Maxim Group restated a “buy” rating on shares of Payment Data Systems in a report on Friday, November 16th.

An institutional investor recently bought a new position in Payment Data Systems stock. Essex Investment Management Co. LLC purchased a new stake in Payment Data Systems, Inc. (NASDAQ:PYDS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 121,345 shares of the business services provider’s stock, valued at approximately $223,000. Essex Investment Management Co. LLC owned approximately 0.76% of Payment Data Systems as of its most recent filing with the SEC. Hedge funds and other institutional investors own 2.31% of the company’s stock.

PYDS traded down $0.09 on Tuesday, reaching $1.75. 25,000 shares of the company traded hands, compared to its average volume of 34,820. Payment Data Systems has a one year low of $1.38 and a one year high of $3.39. The firm has a market capitalization of $29.34 million, a price-to-earnings ratio of -5.70 and a beta of 0.94.

Payment Data Systems (NASDAQ:PYDS) last posted its quarterly earnings results on Wednesday, November 14th. The business services provider reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. Payment Data Systems had a negative net margin of 17.33% and a negative return on equity of 32.44%. The business had revenue of $6.47 million during the quarter, compared to analyst estimates of $6.60 million. Equities analysts predict that Payment Data Systems will post -0.33 EPS for the current year.

Payment Data Systems Company Profile

Payment Data Systems, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services.

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