According to Zacks, “Payment Data Systems is a service bureau clearinghouse in the electronic bill presentment and payment industry. Electronic bill presentment and payment is the process of presenting a bill in a secure environment on the Internet and facilitating payment of the bill utilizing an electronic transfer of funds. The company provides a scalable, branded, and secure end-to-end electronic bill presentment and payment solution, allowing billers to realize the advantages, while requiring significantly lower up-front costs, shorter lead times on initial implementation and upgrades. “
A number of other equities analysts have also commented on the company. Barrington Research reiterated a buy rating and issued a $5.00 price objective on shares of Payment Data Systems in a research note on Tuesday, March 26th. Dawson James reiterated a buy rating on shares of Payment Data Systems in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Payment Data Systems has a consensus rating of Buy and a consensus price target of $3.92.
Shares of NASDAQ:PYDS opened at $2.41 on Friday. Payment Data Systems has a fifty-two week low of $1.38 and a fifty-two week high of $3.82. The stock has a market capitalization of $39.28 million, a price-to-earnings ratio of -7.77 and a beta of 1.92.
Payment Data Systems (NASDAQ:PYDS) last announced its quarterly earnings results on Wednesday, March 27th. The business services provider reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. Payment Data Systems had a negative return on equity of 31.12% and a negative net margin of 15.09%. The company had revenue of $6.42 million during the quarter, compared to analysts’ expectations of $6.84 million. Sell-side analysts expect that Payment Data Systems will post -0.25 EPS for the current fiscal year.
In other news, Director Steve Huffman sold 17,186 shares of Payment Data Systems stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $2.75, for a total value of $47,261.50. Following the transaction, the director now directly owns 49,481 shares in the company, valued at $136,072.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 46.60% of the company’s stock.
A hedge fund recently raised its stake in Payment Data Systems stock. Essex Investment Management Co. LLC boosted its position in shares of Payment Data Systems, Inc. (NASDAQ:PYDS) by 36.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,774 shares of the business services provider’s stock after acquiring an additional 44,429 shares during the period. Essex Investment Management Co. LLC owned approximately 1.04% of Payment Data Systems worth $275,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.82% of the company’s stock.
Payment Data Systems Company Profile
Payment Data Systems, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services.
Read More: What are Bollinger Bands?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Payment Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Payment Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.