Paysign (NASDAQ:PAYS) Price Target Raised to $6.00 at Maxim Group

Paysign (NASDAQ:PAYS) had its price target increased by Maxim Group from $5.50 to $6.00 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently commented on PAYS. Barrington Research restated an outperform rating and issued a $5.50 target price on shares of Paysign in a research note on Monday. DA Davidson upped their price objective on shares of Paysign from $4.50 to $5.50 and gave the stock a buy rating in a research note on Tuesday, April 30th.

Paysign Price Performance

PAYS traded up $0.35 during trading on Wednesday, reaching $4.92. 318,278 shares of the stock were exchanged, compared to its average volume of 372,252. Paysign has a 1 year low of $1.67 and a 1 year high of $4.92. The company has a market capitalization of $260.61 million, a price-to-earnings ratio of 40.58 and a beta of 0.98. The business’s 50 day moving average price is $3.87 and its two-hundred day moving average price is $3.04.

Paysign (NASDAQ:PAYS) last announced its earnings results on Tuesday, March 26th. The company reported $0.10 earnings per share for the quarter. Paysign had a net margin of 13.66% and a return on equity of 34.33%. The firm had revenue of $13.69 million during the quarter, compared to the consensus estimate of $11.57 million. On average, analysts anticipate that Paysign will post 0.22 EPS for the current year.

Insider Transactions at Paysign

In other news, major shareholder Topline Capital Partners, Lp acquired 51,300 shares of Paysign stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $2.93 per share, for a total transaction of $150,309.00. Following the transaction, the insider now directly owns 6,099,317 shares of the company’s stock, valued at approximately $17,870,998.81. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Paysign news, major shareholder Topline Capital Partners, Lp purchased 51,300 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $2.93 per share, with a total value of $150,309.00. Following the transaction, the insider now owns 6,099,317 shares in the company, valued at $17,870,998.81. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffery Bradford Baker sold 27,691 shares of Paysign stock in a transaction on Monday, March 4th. The stock was sold at an average price of $2.87, for a total value of $79,473.17. Following the sale, the chief financial officer now owns 157,097 shares in the company, valued at $450,868.39. The disclosure for this sale can be found here. In the last three months, insiders have purchased 476,086 shares of company stock valued at $1,416,208. 23.30% of the stock is owned by corporate insiders.

Institutional Trading of Paysign

Institutional investors and hedge funds have recently made changes to their positions in the stock. Owls Nest Partners IA LLC lifted its holdings in shares of Paysign by 1.5% during the fourth quarter. Owls Nest Partners IA LLC now owns 261,661 shares of the company’s stock valued at $733,000 after purchasing an additional 3,853 shares during the last quarter. Bridge City Capital LLC lifted its stake in Paysign by 17.9% in the 1st quarter. Bridge City Capital LLC now owns 102,401 shares of the company’s stock worth $375,000 after purchasing an additional 15,549 shares in the last quarter. BNP Paribas Financial Markets grew its position in Paysign by 49.7% in the first quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock worth $144,000 after acquiring an additional 13,093 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Paysign by 18.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock worth $74,000 after purchasing an additional 5,874 shares during the period. Finally, Spouting Rock Asset Management LLC raised its holdings in shares of Paysign by 39.0% in the 3rd quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock valued at $74,000 after purchasing an additional 10,700 shares in the last quarter. Hedge funds and other institutional investors own 25.89% of the company’s stock.

About Paysign

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.