Sanctuary Advisors LLC Takes $452,000 Position in Paysign, Inc. $PAYS

Sanctuary Advisors LLC purchased a new stake in shares of Paysign, Inc. (NASDAQ:PAYS) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 55,211 shares of the company’s stock, valued at approximately $452,000. Sanctuary Advisors LLC owned about 0.10% of Paysign at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PAYS. Raymond James Financial Inc. acquired a new stake in Paysign in the second quarter valued at approximately $30,000. BNP Paribas Financial Markets boosted its holdings in shares of Paysign by 99.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock valued at $43,000 after acquiring an additional 3,453 shares in the last quarter. Quarry LP bought a new stake in Paysign during the 3rd quarter worth $54,000. Caitong International Asset Management Co. Ltd grew its position in Paysign by 381.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock worth $51,000 after acquiring an additional 7,825 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Paysign in the third quarter valued at about $67,000. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PAYS shares. Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Paysign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Lake Street Capital reissued a “buy” rating and set a $13.00 target price on shares of Paysign in a report on Thursday, August 6th. DA Davidson upped their price target on shares of Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Barrington Research set a $15.00 price target on shares of Paysign in a research note on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Paysign currently has an average rating of “Buy” and a consensus price target of $13.33.

Insiders Place Their Bets

In related news, CFO Jeffery Bradford Baker sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the sale, the chief financial officer owned 542,171 shares of the company’s stock, valued at $6,842,198.02. This trade represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bruce A. Mina sold 10,000 shares of Paysign stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $7.09, for a total value of $70,900.00. Following the completion of the sale, the director owned 258,500 shares of the company’s stock, valued at approximately $1,832,765. The trade was a 3.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 384,202 shares of company stock valued at $3,869,216. Insiders own 24.50% of the company’s stock.

Paysign Stock Performance

NASDAQ:PAYS opened at $12.89 on Friday. Paysign, Inc. has a 52 week low of $3.08 and a 52 week high of $14.43. The firm’s fifty day moving average is $10.17 and its 200-day moving average is $7.06. The firm has a market cap of $727.80 million, a P/E ratio of 49.58 and a beta of 0.74.

Paysign (NASDAQ:PAYS) last released its earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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 net margin of 15.67% and a return on equity of 30.13%. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. As a group, sell-side analysts anticipate that Paysign, Inc. will post 0.58 earnings per share for the current year.

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.