Michael Ngo Sells 70,075 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) insider Michael Ngo sold 70,075 shares of Paysign stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $12.85, for a total value of $900,463.75. Following the completion of the sale, the insider directly owned 2,429,925 shares of the company’s stock, valued at approximately $31,224,536.25. This represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Paysign Trading Down 2.5%

NASDAQ PAYS opened at $13.01 on Friday. The business’s 50-day moving average price is $11.16 and its 200 day moving average price is $7.73. Paysign, Inc. has a twelve month low of $3.08 and a twelve month high of $14.43. The company has a market capitalization of $734.54 million, a PE ratio of 50.04 and a beta of 0.80.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. Paysign had a return on equity of 30.13% and a net margin of 15.67%.The company had revenue of $28.25 million during the quarter, compared to analysts’ expectations of $26.36 million. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. Equities analysts predict that Paysign, Inc. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Tidal Investments LLC purchased a new stake in Paysign during the second quarter worth approximately $121,000. Connective Capital Management LLC purchased a new position in shares of Paysign in the 2nd quarter valued at $327,000. Corient Private Wealth LP raised its stake in shares of Paysign by 69.8% in the 2nd quarter. Corient Private Wealth LP now owns 30,159 shares of the company’s stock valued at $247,000 after acquiring an additional 12,396 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Paysign by 114.4% during the 2nd quarter. California State Teachers Retirement System now owns 4,038 shares of the company’s stock valued at $33,000 after acquiring an additional 2,155 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new position in shares of Paysign during the 2nd quarter valued at $16,983,000. Hedge funds and other institutional investors own 25.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Paysign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Lake Street Capital reiterated a “buy” rating and issued a $13.00 price target on shares of Paysign in a report on Thursday, August 6th. 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 research note on Thursday, August 6th. Barrington Research set a $15.00 target price on Paysign in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Paysign has an average rating of “Buy” and a consensus target price of $13.33.

Paysign Company Profile

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.