PaySign (NASDAQ:PAYS) Receives Outperform Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of PaySign (NASDAQ:PAYS) in a research note released on Wednesday, Benzinga reports. They currently have a $5.50 price target on the stock.

Other research analysts have also issued research reports about the company. DA Davidson lifted their price target on PaySign from $3.00 to $4.00 and gave the stock a buy rating in a research report on Monday. TheStreet upgraded PaySign from a d+ rating to a c- rating in a report on Wednesday, January 3rd.

PaySign Stock Up 18.3 %

PAYS stock opened at $4.00 on Wednesday. The company has a fifty day simple moving average of $3.06 and a two-hundred day simple moving average of $2.52. PaySign has a 52 week low of $1.67 and a 52 week high of $4.53. The firm has a market capitalization of $211 million, a P/E ratio of 133.38 and a beta of 1.06.

Insider Buying and Selling

In other PaySign news, insider Topline Capital Management, Ll bought 87,344 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $3.08 per share, for a total transaction of $269,019.52. Following the completion of the transaction, the insider now directly owns 5,572,356 shares of the company’s stock, valued at $17,162,856.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Topline Capital Partners, Lp purchased 12,604 shares of PaySign stock in a transaction that occurred on Tuesday, January 30th. The shares were bought at an average price of $3.03 per share, with a total value of $38,190.12. Following the purchase, the insider now directly owns 5,485,012 shares of the company’s stock, valued at approximately $16,619,586.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Topline Capital Management, Ll acquired 87,344 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average price of $3.08 per share, with a total value of $269,019.52. Following the acquisition, the insider now directly owns 5,572,356 shares in the company, valued at $17,162,856.48. The disclosure for this purchase can be found here. Insiders have bought 691,570 shares of company stock valued at $2,046,811 in the last ninety days. 41.80% of the stock is owned by company insiders.

Institutional Trading of PaySign

Several institutional investors and hedge funds have recently modified their holdings of PAYS. BlackRock Inc. increased its holdings in PaySign by 264.6% during the 2nd quarter. BlackRock Inc. now owns 1,790,007 shares of the company’s stock worth $4,386,000 after purchasing an additional 1,299,026 shares during the period. State Street Corp grew its position in shares of PaySign by 288.2% during the 2nd quarter. State Street Corp now owns 457,834 shares of the company’s stock worth $1,122,000 after buying an additional 339,891 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of PaySign by 108.6% during the second quarter. Geode Capital Management LLC now owns 594,005 shares of the company’s stock valued at $1,455,000 after buying an additional 309,184 shares during the period. Northern Trust Corp raised its holdings in shares of PaySign by 399.5% in the second quarter. Northern Trust Corp now owns 275,830 shares of the company’s stock valued at $676,000 after acquiring an additional 220,610 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in PaySign in the first quarter worth about $601,000. Institutional investors own 25.89% of the company’s stock.

PaySign Company Profile

PaySign, Inc provides prepaid card products and processing services under the PaySign brand for corporate, consumer, and government applications. It offers various services, such as transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service through PaySign, a card processing platform.