Joan Herman Sells 29,202 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) EVP Joan Herman sold 29,202 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $8.00, for a total value of $233,616.00. Following the transaction, the executive vice president owned 807,009 shares in the company, valued at $6,456,072. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paysign Stock Down 7.8%

Shares of Paysign stock traded down $0.58 during trading on Wednesday, hitting $6.82. 339,401 shares of the stock traded hands, compared to its average volume of 724,060. The stock has a market cap of $381.31 million, a price-to-earnings ratio of 40.12 and a beta of 0.73. The firm’s fifty day moving average is $6.04 and its 200-day moving average is $5.02. Paysign, Inc. has a 52 week low of $3.08 and a 52 week high of $8.88.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $28.04 million for the quarter, compared to analyst estimates of $27.01 million. Paysign had a return on equity of 21.74% and a net margin of 11.38%.Paysign has set its Q2 2026 guidance at 0.060-0.070 EPS. On average, analysts forecast that Paysign, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paysign

Several institutional investors have recently bought and sold shares of PAYS. Goldman Sachs Group Inc. lifted its holdings in Paysign by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock worth $548,000 after buying an additional 17,466 shares during the period. Jane Street Group LLC purchased a new stake in Paysign in the 1st quarter worth approximately $51,000. Rhumbline Advisers lifted its holdings in Paysign by 5.2% in the 1st quarter. Rhumbline Advisers now owns 46,587 shares of the company’s stock worth $99,000 after buying an additional 2,303 shares during the period. Geode Capital Management LLC lifted its holdings in Paysign by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 788,500 shares of the company’s stock worth $5,679,000 after buying an additional 12,490 shares during the period. Finally, Invesco Ltd. lifted its holdings in Paysign by 19.1% in the 2nd quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock worth $122,000 after buying an additional 2,716 shares during the period. 25.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PAYS shares. DA Davidson restated a “buy” rating and set a $9.00 target price on shares of Paysign in a report on Wednesday, May 13th. Wall Street Zen upgraded Paysign from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Lake Street Capital increased their target price on Paysign from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Finally, Weiss Ratings upgraded Paysign from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

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.