Topline Capital Partners, Lp Sells 154,982 Shares of Paysign, Inc. (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) major shareholder Topline Capital Partners, Lp sold 154,982 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $3.06, for a total transaction of $474,244.92. Following the transaction, the insider now owns 5,456,146 shares in the company, valued at $16,695,806.76. This trade represents a 2.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Topline Capital Partners, Lp also recently made the following trade(s):

• On Tuesday, December 31st, Topline Capital Partners, Lp sold 20,834 shares of Paysign stock. The stock was sold at an average price of $3.03, for a total transaction of $63,127.02.

Paysign Price Performance

Paysign stock opened at $2.98 on Friday. The stock has a market cap of $159.57 million, a price-to-earnings ratio of 19.87 and a beta of 0.95. The firm has a 50-day moving average of $3.23 and a two-hundred day moving average of $3.93. Paysign, Inc. has a 1 year low of $2.48 and a 1 year high of $5.59.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $15.26 million during the quarter, compared to analyst estimates of $14.96 million. Paysign had a return on equity of 30.64% and a net margin of 14.28%. During the same quarter in the previous year, the business earned $0.02 earnings per share. Research analysts expect that Paysign, Inc. will post 0.21 earnings per share for the current year.

Hedge Funds Weigh In On Paysign

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in shares of Paysign by 25.0% in the second quarter. Renaissance Technologies LLC now owns 1,504,380 shares of the company’s stock valued at $6,484,000 after acquiring an additional 301,000 shares in the last quarter. Royce & Associates LP purchased a new position in Paysign during the 3rd quarter valued at about $814,000. Barclays PLC raised its holdings in shares of Paysign by 327.4% in the 3rd quarter. Barclays PLC now owns 47,090 shares of the company’s stock valued at $173,000 after purchasing an additional 36,071 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Paysign by 25.1% in the 2nd quarter. Rhumbline Advisers now owns 35,835 shares of the company’s stock worth $154,000 after purchasing an additional 7,190 shares during the period. Finally, Joule Financial LLC purchased a new stake in shares of Paysign in the 3rd quarter worth approximately $1,478,000. Institutional investors own 25.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PAYS. Barrington Research reissued an “outperform” rating and issued a $7.00 price objective on shares of Paysign in a research note on Monday, November 4th. Lake Street Capital assumed coverage on Paysign in a research note on Friday, December 20th. They set a “buy” rating and a $6.00 price target for the company.

Paysign Company Profile

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.