Connective Capital Management LLC Takes Position in Paysign, Inc. $PAYS

Connective Capital Management LLC purchased a new stake in Paysign, Inc. (NASDAQ:PAYS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,885 shares of the company’s stock, valued at approximately $327,000. Connective Capital Management LLC owned approximately 0.07% of Paysign at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Paysign in the second quarter worth $30,000. California State Teachers Retirement System boosted its position in shares of Paysign by 114.4% during the 2nd quarter. California State Teachers Retirement System now owns 4,038 shares of the company’s stock worth $33,000 after purchasing an additional 2,155 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Paysign during the 2nd quarter worth $35,000. BNP Paribas Financial Markets grew its stake in shares of Paysign by 99.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock worth $43,000 after purchasing an additional 3,453 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Paysign by 381.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock valued at $51,000 after purchasing an additional 7,825 shares in the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

Paysign Stock Down 4.2%

Shares of PAYS traded down $0.57 during mid-day trading on Tuesday, reaching $12.88. 1,095,197 shares of the company’s stock were exchanged, compared to its average volume of 700,594. Paysign, Inc. has a 52-week low of $3.08 and a 52-week high of $14.43. The company has a market cap of $727.23 million, a price-to-earnings ratio of 49.54 and a beta of 0.80. The company has a 50-day simple moving average of $10.78 and a two-hundred day simple moving average of $7.49.

Paysign (NASDAQ:PAYS) last posted its earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Paysign had a return on equity of 30.13% and a net margin of 15.67%.The firm had revenue of $28.25 million for the quarter, compared to analyst estimates of $26.36 million. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. As a group, equities research analysts predict that Paysign, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PAYS has been the subject of a number of research reports. Wall Street Zen downgraded shares of Paysign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Barrington Research set a $15.00 price objective on Paysign in a research note on Tuesday, August 11th. Weiss Ratings raised Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. DA Davidson boosted their target price on Paysign from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Lake Street Capital reissued a “buy” rating and issued a $13.00 target price on shares of Paysign in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $13.33.

Insider Activity

In related news, CFO Jeffery Baker sold 35,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $12.62, for a total value of $441,700.00. Following the completion of the transaction, the chief financial officer owned 542,171 shares of the company’s stock, valued at approximately $6,842,198.02. The trade was a 6.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Newcomer sold 150,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $11.88, for a total transaction of $1,782,000.00. Following the completion of the transaction, the chief executive officer owned 9,163,002 shares in the company, valued at approximately $108,856,463.76. This trade represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 345,000 shares of company stock worth $3,564,600. Company insiders own 24.50% of the company’s stock.

Paysign Company Profile

Paysign, Inc (NASDAQ:PAYS) is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign’s offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company’s flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.