Insider Selling: Payment Data Systems, Inc. (PYDS) Insider Sells 25,141 Shares of Stock
Payment Data Systems, Inc. (NASDAQ:PYDS) insider Louis A. Hoch sold 25,141 shares of Payment Data Systems stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $2.25, for a total transaction of $56,567.25. Following the completion of the transaction, the insider now directly owns 2,498,613 shares of the company’s stock, valued at $5,621,879.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Payment Data Systems, Inc. (PYDS) traded up $0.03 during trading on Thursday, reaching $2.27. 160,135 shares of the company’s stock were exchanged, compared to its average volume of 277,671. Payment Data Systems, Inc. has a 52-week low of $1.17 and a 52-week high of $4.10.
Several research analysts have recently commented on PYDS shares. TheStreet raised shares of Payment Data Systems from a “d” rating to a “c-” rating in a report on Monday. ValuEngine raised shares of Payment Data Systems from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
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Payment Data Systems, Inc is engaged in the business of processing electronic payments for other companies, including a range of automated clearing house (ACH) processing, credit, prepaid card and debit card-based processing. The Company is an integrated payment solutions provider offering a range of services to merchants, billers, banks, service bureaus, and card issuers.
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