Paysign, Inc. (NASDAQ:PAYS) CEO Sells $135,710.00 in Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 41,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $3.31, for a total transaction of $135,710.00. Following the sale, the chief executive officer now directly owns 9,195,886 shares in the company, valued at $30,438,382.66. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Mark Newcomer also recently made the following trade(s):

• On Wednesday, November 20th, Mark Newcomer sold 25,000 shares of Paysign stock. The stock was sold at an average price of $3.27, for a total value of $81,750.00.
• On Monday, November 18th, Mark Newcomer sold 40,000 shares of Paysign stock. The stock was sold at an average price of $3.24, for a total value of $129,600.00.
• On Wednesday, October 23rd, Mark Newcomer sold 36,000 shares of Paysign stock. The stock was sold at an average price of $3.66, for a total value of $131,760.00.
• On Monday, October 21st, Mark Newcomer sold 22,000 shares of Paysign stock. The shares were sold at an average price of $3.75, for a total transaction of $82,500.00.
• On Monday, September 23rd, Mark Newcomer sold 50,000 shares of Paysign stock. The stock was sold at an average price of $4.25, for a total transaction of $212,500.00.
• On Thursday, September 19th, Mark Newcomer sold 1,500 shares of Paysign stock. The shares were sold at an average price of $4.50, for a total transaction of $6,750.00.
• On Friday, September 13th, Mark Newcomer sold 1,500 shares of Paysign stock. The stock was sold at an average price of $4.50, for a total value of $6,750.00.

Paysign Price Performance

PAYS opened at $3.18 on Friday. Paysign, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $5.59. The firm has a market capitalization of $170.28 million, a PE ratio of 20.80 and a beta of 0.93. The company’s 50-day moving average is $3.60 and its 200 day moving average is $4.13.

Paysign (NASDAQ:PAYS) last posted its earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Paysign had a return on equity of 30.64% and a net margin of 14.28%. The company had revenue of $15.26 million for the quarter, compared to analyst estimates of $14.96 million. During the same quarter last year, the company earned $0.02 earnings per share. As a group, analysts expect that Paysign, Inc. will post 0.21 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and set a $7.00 target price on shares of Paysign in a research report on Monday, November 4th.

Hedge Funds Weigh In On Paysign

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Paysign by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,649,043 shares of the company’s stock valued at $6,035,000 after purchasing an additional 48,489 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Paysign by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 85,964 shares of the company’s stock worth $371,000 after buying an additional 4,248 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Paysign by 25.1% in the 2nd quarter. Rhumbline Advisers now owns 35,835 shares of the company’s stock worth $154,000 after buying an additional 7,190 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Paysign in the 2nd quarter worth approximately $92,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Paysign by 51.5% in the second quarter. Dimensional Fund Advisors LP now owns 116,779 shares of the company’s stock valued at $502,000 after acquiring an additional 39,710 shares in the last quarter. 25.89% of the stock is owned by hedge funds and other institutional investors.

About Paysign

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.