Topline Capital Management, Ll Acquires 15,059 Shares of PaySign, Inc. (NASDAQ:PAYS) Stock

PaySign, Inc. (NASDAQ:PAYSGet Free Report) insider Topline Capital Management, Ll acquired 15,059 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were purchased at an average price of $2.83 per share, with a total value of $42,616.97. Following the completion of the transaction, the insider now owns 5,464,029 shares of the company’s stock, valued at $15,463,202.07. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Topline Capital Management, Ll also recently made the following trade(s):

  • On Tuesday, January 23rd, Topline Capital Management, Ll acquired 19,098 shares of PaySign stock. The shares were purchased at an average price of $2.74 per share, with a total value of $52,328.52.

PaySign Stock Performance

PAYS traded up $0.27 during midday trading on Friday, reaching $3.13. 686,360 shares of the company were exchanged, compared to its average volume of 124,908. The company’s fifty day moving average price is $2.55 and its 200 day moving average price is $2.19. The company has a market cap of $165.11 million, a price-to-earnings ratio of 108.37 and a beta of 1.22. PaySign, Inc. has a one year low of $1.67 and a one year high of $3.99.

PaySign (NASDAQ:PAYSGet Free Report) last released its earnings results on Tuesday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $12.40 million during the quarter, compared to analyst estimates of $11.76 million. PaySign had a return on equity of 9.25% and a net margin of 3.51%. As a group, sell-side analysts anticipate that PaySign, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of PaySign from a “d+” rating to a “c-” rating in a research report on Wednesday, January 3rd.

Read Our Latest Research Report on PaySign

Hedge Funds Weigh In On PaySign

Several institutional investors have recently modified their holdings of PAYS. Freedom Wealth Alliance LLC purchased a new position in PaySign in the fourth quarter valued at approximately $25,000. California State Teachers Retirement System purchased a new stake in shares of PaySign during the second quarter worth $27,000. Walleye Capital LLC purchased a new stake in shares of PaySign during the second quarter worth $29,000. Baker Tilly Wealth Management LLC purchased a new stake in shares of PaySign during the second quarter worth $30,000. Finally, Wells Fargo & Company MN lifted its position in shares of PaySign by 6,091.8% during the second quarter. Wells Fargo & Company MN now owns 13,622 shares of the company’s stock worth $33,000 after acquiring an additional 13,402 shares in the last quarter. 19.39% of the stock is owned by institutional investors.

PaySign Company Profile

(Get Free Report)

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.

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