State of Wyoming Invests $556,000 in Paysign, Inc. $PAYS

State of Wyoming acquired a new stake in Paysign, Inc. (NASDAQ:PAYS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 67,848 shares of the company’s stock, valued at approximately $556,000. State of Wyoming owned approximately 0.12% of Paysign at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PAYS. Rhumbline Advisers raised its holdings in Paysign by 4.7% during the second quarter. Rhumbline Advisers now owns 48,770 shares of the company’s stock worth $351,000 after acquiring an additional 2,183 shares in the last quarter. Invesco Ltd. grew its stake in Paysign by 19.1% in the second quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock valued at $122,000 after purchasing an additional 2,716 shares in the last quarter. Intech Investment Management LLC grew its stake in Paysign by 18.0% in the third quarter. Intech Investment Management LLC now owns 17,851 shares of the company’s stock valued at $112,000 after purchasing an additional 2,723 shares in the last quarter. Alliancebernstein L.P. grew its stake in Paysign by 11.6% in the third quarter. Alliancebernstein L.P. now owns 29,930 shares of the company’s stock valued at $188,000 after purchasing an additional 3,100 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position 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 last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PAYS shares. Wall Street Zen cut Paysign from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Barrington Research set a $15.00 target price on shares of Paysign in a research note on Tuesday, August 11th. Lake Street Capital restated a “buy” rating and set a $13.00 target price on shares of Paysign in a report on Thursday, August 6th. 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, DA Davidson increased their price target on shares of Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Paysign presently has an average rating of “Buy” and a consensus price target of $13.33.

Paysign Price Performance

NASDAQ:PAYS opened at $13.17 on Monday. The stock’s 50 day moving average price is $8.87 and its two-hundred day moving average price is $6.41. The firm has a market capitalization of $743.58 million, a price-to-earnings ratio of 50.66 and a beta of 0.74. Paysign, Inc. has a 12-month low of $3.08 and a 12-month high of $13.25.

Paysign (NASDAQ:PAYS) last released its quarterly earnings data 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. The company had revenue of $28.25 million during the quarter, compared to analysts’ expectations 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. Equities research analysts expect that Paysign, Inc. will post 0.58 EPS for the current year.

Insiders Place Their Bets

In other Paysign news, EVP Joan M. Herman sold 100,000 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $8.01, for a total value of $801,000.00. Following the transaction, the executive vice president directly owned 707,009 shares in the company, valued at $5,663,142.09. The trade was a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce A. Mina sold 10,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $7.09, for a total transaction of $70,900.00. Following the completion of the transaction, the director directly owned 258,500 shares in the company, valued at $1,832,765. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 406,736 shares of company stock worth $4,027,179. Company insiders own 24.50% of the company’s stock.

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.