Militia Capital Management LLC acquired a new stake in Paysign, Inc. (NASDAQ:PAYS – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 79,800 shares of the company’s stock, valued at approximately $471,000. Militia Capital Management LLC owned about 0.14% of Paysign as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of PAYS. Topline Capital Management LLC boosted its holdings in Paysign by 1.6% in the second quarter. Topline Capital Management LLC now owns 5,421,737 shares of the company’s stock worth $39,037,000 after purchasing an additional 85,591 shares during the period. Vanguard Group Inc. increased its stake in Paysign by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,820,371 shares of the company’s stock valued at $11,450,000 after purchasing an additional 29,150 shares during the last quarter. Punch & Associates Investment Management Inc. raised its holdings in shares of Paysign by 164.6% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,462,560 shares of the company’s stock worth $7,532,000 after purchasing an additional 909,825 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of Paysign by 14.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,457,941 shares of the company’s stock worth $7,508,000 after purchasing an additional 187,767 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Paysign by 15.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,303,772 shares of the company’s stock worth $6,714,000 after buying an additional 177,350 shares during the last quarter. Institutional investors and hedge funds own 25.89% of the company’s stock.
Paysign Stock Down 6.4%
Shares of PAYS opened at $8.39 on Friday. The firm has a 50-day moving average price of $7.60 and a 200 day moving average price of $5.73. The firm has a market capitalization of $469.08 million, a PE ratio of 49.35 and a beta of 0.72. Paysign, Inc. has a 52-week low of $3.08 and a 52-week high of $9.30.
Insider Buying and Selling
In other Paysign news, EVP Joan M. Herman sold 100,000 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $8.01, for a total value of $801,000.00. Following the transaction, the executive vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 158,403 shares of company stock worth $1,239,315 over the last ninety days. 24.50% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have issued reports on PAYS. Wall Street Zen cut shares of Paysign from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings lowered Paysign from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. Finally, DA Davidson reiterated a “buy” rating and set a $9.00 price target on shares of Paysign in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.00.
Check Out Our Latest Report on Paysign
About Paysign
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.
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