Separately, ValuEngine raised Payment Data Systems from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.
Shares of Payment Data Systems (NASDAQ PYDS) opened at $2.18 on Tuesday. The company has a market capitalization of $28.59, a PE ratio of -9.91 and a beta of 1.09. Payment Data Systems has a 52 week low of $1.17 and a 52 week high of $4.10.
In related news, insider Louis A. Hoch sold 28,718 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $2.85, for a total value of $81,846.30. Following the completion of the transaction, the insider now directly owns 2,451,254 shares in the company, valued at approximately $6,986,073.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Louis A. Hoch sold 25,141 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $2.25, for a total value of $56,567.25. Following the completion of the transaction, the insider now owns 2,498,613 shares of the company’s stock, valued at $5,621,879.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,218 shares of company stock valued at $214,872. 48.50% of the stock is currently owned by company insiders.
Payment Data Systems Company Profile
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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