Insider Selling: Paysign (NASDAQ:PAYS) Insider Sells $1,018,244.50 in Stock

Paysign, Inc. (NASDAQ:PAYS) insider Michael Ngo sold 79,925 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $12.74, for a total transaction of $1,018,244.50. Following the sale, the insider directly owned 2,350,000 shares of the company’s stock, valued at $29,939,000. The trade was a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Paysign Stock Down 2.5%

Shares of PAYS opened at $13.01 on Friday. The company has a 50 day moving average of $11.16 and a two-hundred day moving average of $7.73. Paysign, Inc. has a twelve month low of $3.08 and a twelve month high of $14.43. The company has a market cap of $734.54 million, a price-to-earnings ratio of 50.04 and a beta of 0.80.

Paysign (NASDAQ:PAYS) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $28.25 million for the quarter, compared to the consensus estimate of $26.36 million. Paysign had a return on equity of 30.13% and a net margin of 15.67%.Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. On average, sell-side analysts expect that Paysign, Inc. will post 0.58 EPS for the current year.

Institutional Trading of Paysign

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Topline Capital Management LLC raised its stake in shares of Paysign by 1.6% in the second quarter. Topline Capital Management LLC now owns 5,421,737 shares of the company’s stock worth $39,037,000 after purchasing an additional 85,591 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Paysign during the second quarter worth about $25,219,000. Punch & Associates Investment Management Inc. purchased a new stake in Paysign in the second quarter valued at approximately $16,983,000. Vanguard Group Inc. boosted its position in Paysign by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,820,371 shares of the company’s stock valued at $11,450,000 after buying an additional 29,150 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Paysign by 17.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company’s stock worth $9,033,000 after buying an additional 227,300 shares during the period. Institutional investors and hedge funds own 25.89% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Paysign

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.