Robert Strobo Sells 29,690 Shares of Paysign, Inc. (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) insider Robert Strobo sold 29,690 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $4.54, for a total transaction of $134,792.60. Following the completion of the transaction, the insider now owns 209,811 shares of the company’s stock, valued at approximately $952,541.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Paysign Trading Up 3.3 %

NASDAQ:PAYS opened at $4.58 on Friday. The company has a 50-day moving average of $4.40 and a 200-day moving average of $4.00. The firm has a market cap of $243.12 million, a price-to-earnings ratio of 35.20 and a beta of 0.97. Paysign, Inc. has a twelve month low of $1.67 and a twelve month high of $5.59.

Paysign (NASDAQ:PAYS) last released its earnings results on Tuesday, May 7th. The company reported $0.01 EPS for the quarter. The business had revenue of $13.19 million during the quarter, compared to analyst estimates of $12.46 million. Paysign had a net margin of 14.42% and a return on equity of 32.55%. On average, research analysts forecast that Paysign, Inc. will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PAYS. Vanguard Group Inc. boosted its stake in shares of Paysign by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 1,649,043 shares of the company’s stock worth $6,035,000 after acquiring an additional 48,489 shares in the last quarter. Owls Nest Partners IA LLC boosted its position in shares of Paysign by 1.5% in the 4th 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 period. Bridge City Capital LLC increased 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. Bank of New York Mellon Corp raised its holdings in Paysign by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 85,964 shares of the company’s stock worth $371,000 after buying an additional 4,248 shares during the period. Finally, Herr Investment Group LLC acquired a new stake in Paysign during the 1st quarter worth about $179,000. Institutional investors own 25.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PAYS. Barrington Research reiterated an “outperform” rating and issued a $7.00 price objective on shares of Paysign in a report on Friday, June 28th. DA Davidson increased their price target on Paysign from $4.50 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, Maxim Group boosted their price objective on Paysign from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th.

Paysign Company Profile

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.