Paysign (NASDAQ:PAYS) Given Outperform Rating at Barrington Research

Paysign (NASDAQ:PAYS)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research report issued on Monday, Benzinga reports. They presently have a $5.50 price target on the stock. Barrington Research’s price objective indicates a potential upside of 17.77% from the company’s previous close.

Separately, DA Davidson lifted their price objective on shares of Paysign from $4.50 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, April 30th.

Paysign Trading Up 1.7 %

Shares of Paysign stock opened at $4.67 on Monday. The firm’s 50 day simple moving average is $3.84 and its two-hundred day simple moving average is $3.03. The firm has a market capitalization of $247.37 million, a price-to-earnings ratio of 38.92 and a beta of 0.98. Paysign has a 12-month low of $1.67 and a 12-month high of $4.80.

Paysign (NASDAQ:PAYS) last released its earnings results on Tuesday, March 26th. The company reported $0.10 earnings per share (EPS) for the quarter. Paysign had a return on equity of 34.33% and a net margin of 13.66%. The firm had revenue of $13.69 million for the quarter, compared to the consensus estimate of $11.57 million. On average, sell-side analysts predict that Paysign will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Paysign news, CFO Jeffery Bradford Baker sold 27,691 shares of Paysign stock in a transaction on Monday, March 4th. The shares were sold at an average price of $2.87, for a total value of $79,473.17. Following the completion of the transaction, the chief financial officer now owns 157,097 shares of the company’s stock, valued at $450,868.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Paysign news, insider Topline Capital Management, Ll bought 54,183 shares of Paysign stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $2.97 per share, with a total value of $160,923.51. Following the purchase, the insider now directly owns 6,153,500 shares in the company, valued at approximately $18,275,895. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jeffery Bradford Baker sold 27,691 shares of Paysign stock in a transaction on Monday, March 4th. The shares were sold at an average price of $2.87, for a total transaction of $79,473.17. Following the completion of the sale, the chief financial officer now directly owns 157,097 shares in the company, valued at approximately $450,868.39. The disclosure for this sale can be found here. Over the last three months, insiders have bought 476,086 shares of company stock valued at $1,416,208. Corporate insiders own 23.30% of the company’s stock.

Hedge Funds Weigh In On Paysign

A number of large investors have recently added to or reduced their stakes in the stock. Spouting Rock Asset Management LLC increased its stake in shares of Paysign by 39.0% during the third quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock worth $74,000 after purchasing an additional 10,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Paysign by 18.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock worth $74,000 after buying an additional 5,874 shares in the last quarter. Bridge City Capital LLC acquired a new position in shares of Paysign during the third quarter valued at approximately $61,000. Portside Wealth Group LLC lifted its position in shares of Paysign by 33.7% in the third quarter. Portside Wealth Group LLC now owns 33,740 shares of the company’s stock valued at $68,000 after acquiring an additional 8,508 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Paysign by 49.7% in the first quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock worth $144,000 after acquiring an additional 13,093 shares during the last quarter. 25.89% of the stock is currently owned by institutional investors and hedge funds.

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.