Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer Sells 100,000 Shares

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 100,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $2.73, for a total transaction of $273,000.00. Following the sale, the chief executive officer now directly owns 8,936,886 shares in the company, valued at approximately $24,397,698.78. The trade was a 1.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, January 23rd, Mark Newcomer sold 12,000 shares of Paysign stock. The shares were sold at an average price of $2.85, for a total value of $34,200.00.
• On Tuesday, January 21st, Mark Newcomer sold 61,000 shares of Paysign stock. The stock was sold at an average price of $2.89, for a total value of $176,290.00.
• On Monday, December 9th, Mark Newcomer sold 41,000 shares of Paysign stock. The shares were sold at an average price of $3.31, for a total value of $135,710.00.

Paysign Trading Up 1.8 %

Shares of PAYS opened at $2.76 on Thursday. The stock’s 50-day moving average price is $2.89 and its two-hundred day moving average price is $3.56. Paysign, Inc. has a 12 month low of $2.46 and a 12 month high of $5.59. The company has a market capitalization of $147.79 million, a PE ratio of 18.40 and a beta of 0.93.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barrington Research reaffirmed 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 shares of Paysign in a report on Friday, December 20th. They set a “buy” rating and a $6.00 target price on the stock.

Hedge Funds Weigh In On Paysign

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its position in Paysign by 33.5% during the 4th quarter. SG Americas Securities LLC now owns 15,508 shares of the company’s stock valued at $47,000 after purchasing an additional 3,895 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Paysign by 4.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 121,089 shares of the company’s stock valued at $419,000 after purchasing an additional 5,000 shares during the last quarter. Barclays PLC increased its position in shares of Paysign by 10.8% during the fourth quarter. Barclays PLC now owns 52,178 shares of the company’s stock worth $157,000 after buying an additional 5,088 shares during the period. Wells Fargo & Company MN raised its stake in Paysign by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,385 shares of the company’s stock worth $46,000 after buying an additional 5,243 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Paysign by 13.7% in the fourth quarter. Rhumbline Advisers now owns 44,284 shares of the company’s stock valued at $134,000 after buying an additional 5,339 shares during the period. 25.89% of the stock is owned by institutional investors and hedge funds.

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.