Payment Data Systems (NASDAQ:PYDS) announced its quarterly earnings data on Wednesday. The business services provider reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02), Morningstar.com reports. Payment Data Systems had a negative net margin of 15.09% and a negative return on equity of 31.12%.
PYDS stock opened at $2.48 on Thursday. Payment Data Systems has a twelve month low of $1.38 and a twelve month high of $3.82. The company has a market capitalization of $40.47 million, a PE ratio of -8.00 and a beta of 1.85.
A number of brokerages have commented on PYDS. Barrington Research set a $5.00 price objective on Payment Data Systems and gave the company a “buy” rating in a research note on Tuesday. ValuEngine raised Payment Data Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut Payment Data Systems from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Dawson James restated a “buy” rating on shares of Payment Data Systems in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Payment Data Systems presently has an average rating of “Buy” and an average price target of $3.88.
In other news, Director Steve Huffman sold 17,186 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $2.75, for a total value of $47,261.50. Following the transaction, the director now owns 49,481 shares in the company, valued at $136,072.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 46.60% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of PYDS. Mesirow Financial Investment Management Inc. bought a new position in shares of Payment Data Systems in the first quarter valued at approximately $253,000. Sabby Management LLC bought a new stake in Payment Data Systems during the first quarter worth $193,000. Renaissance Technologies LLC bought a new stake in Payment Data Systems during the first quarter worth $119,000. Finally, Essex Investment Management Co. LLC lifted its holdings in Payment Data Systems by 36.6% during the fourth quarter. Essex Investment Management Co. LLC now owns 165,774 shares of the business services provider’s stock worth $275,000 after acquiring an additional 44,429 shares during the period. Institutional investors own 2.40% of the company’s stock.
About Payment Data Systems
Payment Data Systems, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services.
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