Insider Selling: Paysign, Inc. (NASDAQ:PAYS) CEO Sells 36,000 Shares of Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 36,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $3.66, for a total transaction of $131,760.00. Following the completion of the sale, the chief executive officer now directly owns 9,336,886 shares of the company’s stock, valued at $34,173,002.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mark Newcomer also recently made the following trade(s):

• On Monday, October 21st, Mark Newcomer sold 22,000 shares of Paysign stock. The stock was sold at an average price of $3.75, for a total transaction of $82,500.00.
• On Monday, September 23rd, Mark Newcomer sold 50,000 shares of Paysign stock. The shares were sold at an average price of $4.25, for a total value of $212,500.00.
• On Thursday, September 19th, Mark Newcomer sold 1,500 shares of Paysign stock. The shares were sold at an average price of $4.50, for a total value of $6,750.00.
• On Friday, September 13th, Mark Newcomer sold 1,500 shares of Paysign stock. The stock was sold at an average price of $4.50, for a total value of $6,750.00.
• On Monday, August 5th, Mark Newcomer sold 69,593 shares of Paysign stock. The stock was sold at an average price of $4.54, for a total transaction of $315,952.22.

Paysign Stock Performance

Shares of Paysign stock traded up $0.04 during midday trading on Wednesday, reaching $3.79. 250,542 shares of the company’s stock traded hands, compared to its average volume of 258,922. The stock has a 50 day moving average of $4.23 and a 200-day moving average of $4.40. Paysign, Inc. has a 12 month low of $1.68 and a 12 month high of $5.59. The company has a market cap of $200.79 million, a PE ratio of 29.15 and a beta of 0.96.

Paysign (NASDAQ:PAYS) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.01 EPS for the quarter. The business had revenue of $14.33 million during the quarter, compared to analyst estimates of $14.07 million. Paysign had a net margin of 14.42% and a return on equity of 32.55%. On average, equities analysts anticipate that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and set a $7.00 price target on shares of Paysign in a research report on Friday, June 28th.

Institutional Trading of Paysign

Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Paysign in the 3rd quarter worth approximately $43,000. Algert Global LLC purchased a new position in Paysign during the second quarter valued at $46,000. Norden Group LLC lifted its position in Paysign by 38.7% during the first quarter. Norden Group LLC now owns 14,883 shares of the company’s stock valued at $54,000 after buying an additional 4,151 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Paysign during the 2nd quarter valued at $66,000. Finally, American Century Companies Inc. purchased a new stake in shares of Paysign in the 2nd quarter worth about $92,000. 25.89% of the stock is owned by institutional investors.

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.