Mark Newcomer Sells 41,000 Shares of Paysign, Inc. (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 41,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $3.31, for a total transaction of $135,710.00. Following the completion of the sale, the chief executive officer now directly owns 9,195,886 shares of the company’s stock, valued at approximately $30,438,382.66. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, November 20th, Mark Newcomer sold 25,000 shares of Paysign stock. The stock was sold at an average price of $3.27, for a total value of $81,750.00.
• On Monday, November 18th, Mark Newcomer sold 40,000 shares of Paysign stock. The shares were sold at an average price of $3.24, for a total value of $129,600.00.
• On Wednesday, October 23rd, Mark Newcomer sold 36,000 shares of Paysign stock. The stock was sold at an average price of $3.66, for a total value of $131,760.00.
• On Monday, October 21st, Mark Newcomer sold 22,000 shares of Paysign stock. The shares were sold at an average price of $3.75, for a total transaction of $82,500.00.
• On Monday, September 23rd, Mark Newcomer sold 50,000 shares of Paysign stock. The stock was sold at an average price of $4.25, for a total transaction of $212,500.00.
• On Thursday, September 19th, Mark Newcomer sold 1,500 shares of Paysign stock. The stock was sold at an average price of $4.50, for a total value of $6,750.00.
• On Friday, September 13th, Mark Newcomer sold 1,500 shares of Paysign stock. The shares were sold at an average price of $4.50, for a total value of $6,750.00.

Paysign Price Performance

Shares of NASDAQ:PAYS remained flat at $3.19 during midday trading on Wednesday. 216,814 shares of the stock traded hands, compared to its average volume of 245,525. The stock has a market cap of $170.82 million, a P/E ratio of 21.27 and a beta of 0.93. Paysign, Inc. has a 1-year low of $2.40 and a 1-year high of $5.59. The company’s 50-day moving average price is $3.61 and its 200 day moving average price is $4.14.

Paysign (NASDAQ:PAYS) last released its earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. Paysign had a return on equity of 30.64% and a net margin of 14.28%. The company had revenue of $15.26 million for the quarter, compared to analysts’ expectations of $14.96 million. During the same quarter in the previous year, the firm posted $0.02 EPS.

Hedge Funds Weigh In On Paysign

A number of institutional investors and hedge funds have recently made changes to their positions in PAYS. Joule Financial LLC acquired a new stake in shares of Paysign during the 3rd quarter valued at approximately $1,478,000. Renaissance Technologies LLC increased its stake in Paysign by 25.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,504,380 shares of the company’s stock valued at $6,484,000 after purchasing an additional 301,000 shares in the last quarter. Royce & Associates LP acquired a new position in Paysign during the third quarter worth $814,000. Sanctuary Advisors LLC purchased a new stake in Paysign during the second quarter worth $512,000. Finally, Vanguard Group Inc. grew its holdings in Paysign by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,649,043 shares of the company’s stock valued at $6,035,000 after purchasing an additional 48,489 shares during the last quarter. 25.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $7.00 target price on shares of Paysign in a research note on Monday, November 4th.

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.