Paysign (NASDAQ:PAYS) CEO Mark Newcomer Sells 150,000 Shares

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $11.88, for a total transaction of $1,782,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,163,002 shares in the company, valued at approximately $108,856,463.76. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 29th, Mark Newcomer sold 50,000 shares of Paysign stock. The shares were sold at an average price of $9.38, for a total transaction of $469,000.00.

Paysign Stock Up 0.6%

PAYS stock opened at $12.48 on Friday. The business’s fifty day moving average is $8.30 and its 200-day moving average is $6.10. The company has a market cap of $697.76 million, a P/E ratio of 48.00 and a beta of 0.74. Paysign, Inc. has a twelve month low of $3.08 and a twelve month high of $12.85.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. The business had revenue of $28.25 million for the quarter, compared to analyst estimates of $26.36 million. Paysign had a return on equity of 31.70% and a net margin of 15.67%.Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. Research analysts anticipate that Paysign, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paysign

Several large investors have recently modified their holdings of PAYS. BlackRock Inc. acquired a new stake in Paysign during the 2nd quarter worth approximately $25,219,000. Punch & Associates Investment Management Inc. boosted its holdings in shares of Paysign by 164.6% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,462,560 shares of the company’s stock valued at $7,532,000 after buying an additional 909,825 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Paysign by 139.5% in the third quarter. Two Sigma Investments LP now owns 504,887 shares of the company’s stock valued at $3,176,000 after buying an additional 294,041 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Paysign during the third quarter worth $1,640,000. Finally, Marshall Wace LLP bought a new stake in shares of Paysign during the second quarter worth $1,716,000. 25.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PAYS shares. Lake Street Capital reiterated a “buy” rating and issued a $13.00 price target on shares of Paysign in a research report on Thursday. DA Davidson boosted their price objective on shares of Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a report on Thursday. Wall Street Zen raised shares of Paysign from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Barrington Research set a $11.00 target price on shares of Paysign in a report on Monday. Finally, Weiss Ratings raised shares of Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $12.00.

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.