Squarepoint Ops LLC Boosts Stake in Paysign, Inc. (NASDAQ:PAYS)

Squarepoint Ops LLC raised its stake in shares of Paysign, Inc. (NASDAQ:PAYS) by 97.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,847 shares of the company’s stock after acquiring an additional 73,326 shares during the quarter. Squarepoint Ops LLC owned approximately 0.28% of Paysign worth $450,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Two Sigma Advisers LP grew its position in shares of Paysign by 901.7% in the 4th quarter. Two Sigma Advisers LP now owns 121,200 shares of the company’s stock worth $366,000 after buying an additional 109,100 shares during the last quarter. Two Sigma Investments LP lifted its position in Paysign by 98.8% during the fourth quarter. Two Sigma Investments LP now owns 181,775 shares of the company’s stock valued at $549,000 after acquiring an additional 90,346 shares during the last quarter. Occudo Quantitative Strategies LP boosted its stake in Paysign by 56.5% in the fourth quarter. Occudo Quantitative Strategies LP now owns 28,429 shares of the company’s stock valued at $86,000 after acquiring an additional 10,268 shares in the last quarter. Millennium Management LLC boosted its stake in Paysign by 123.6% in the fourth quarter. Millennium Management LLC now owns 325,334 shares of the company’s stock valued at $983,000 after acquiring an additional 179,814 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Paysign by 27.1% in the fourth quarter. Cubist Systematic Strategies LLC now owns 39,579 shares of the company’s stock worth $120,000 after purchasing an additional 8,444 shares during the last quarter. Institutional investors own 25.89% of the company’s stock.

Insider Buying and Selling

In other news, CEO Mark Newcomer sold 168,000 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $4.51, for a total value of $757,680.00. Following the completion of the transaction, the chief executive officer now owns 8,768,886 shares in the company, valued at approximately $39,547,675.86. This represents a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel R. Henry purchased 19,800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average cost of $3.42 per share, with a total value of $67,716.00. Following the completion of the acquisition, the director now owns 99,800 shares of the company’s stock, valued at approximately $341,316. This trade represents a 24.75% increase in their ownership of the stock. The disclosure for this purchase can be found here. 22.40% of the stock is owned by company insiders.

Paysign Stock Performance

Shares of PAYS stock opened at $4.34 on Thursday. Paysign, Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $5.59. The stock’s fifty day moving average is $2.77 and its two-hundred day moving average is $2.84. The firm has a market capitalization of $235.31 million, a P/E ratio of 28.93 and a beta of 0.23.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $18.60 million for the quarter, compared to analysts’ expectations of $17.49 million. Paysign had a net margin of 14.28% and a return on equity of 30.64%. On average, equities analysts forecast that Paysign, Inc. will post 0.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Lake Street Capital upped their price objective on shares of Paysign from $6.00 to $7.00 and gave the company a “buy” rating in a report on Friday, May 9th. DA Davidson boosted their target price on shares of Paysign from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. LADENBURG THALM/SH SH upped their price target on shares of Paysign from $7.25 to $8.25 and gave the company a “buy” rating in a research note on Friday, May 9th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Paysign in a report on Wednesday, March 26th.

Paysign Company Profile

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.