Joan Herman Sells 100,000 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) EVP Joan Herman sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $8.01, for a total transaction of $801,000.00. Following the sale, the executive vice president directly owned 707,009 shares of the company’s stock, valued at approximately $5,663,142.09. This represents a 12.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paysign Trading Up 4.5%

NASDAQ:PAYS opened at $8.56 on Thursday. Paysign, Inc. has a 12-month low of $3.08 and a 12-month high of $8.88. The stock has a 50-day moving average price of $6.87 and a 200 day moving average price of $5.35. The stock has a market capitalization of $478.59 million, a P/E ratio of 50.35 and a beta of 0.72.

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

Wall Street Analysts Forecast Growth

PAYS has been the subject of several analyst reports. Weiss Ratings upgraded shares of Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 25th. Wall Street Zen downgraded shares of Paysign from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. DA Davidson reaffirmed a “buy” rating and set a $9.00 target price on shares of Paysign in a research report on Wednesday, May 13th. Finally, Lake Street Capital lifted their price target on shares of Paysign from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $10.00.

Hedge Funds Weigh In On Paysign

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Paysign in the second quarter worth about $30,000. BNP Paribas Financial Markets raised its holdings in shares of Paysign by 99.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock valued at $43,000 after purchasing an additional 3,453 shares in the last quarter. Quarry LP purchased a new stake in shares of Paysign in the 3rd quarter worth approximately $54,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Paysign by 381.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock valued at $51,000 after purchasing an additional 7,825 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Paysign during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 25.89% of the company’s stock.

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.