Payment Data Systems, Inc. (NASDAQ:PYDS) Director Michael R. Long sold 16,510 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $1.71, for a total value of $28,232.10. Following the transaction, the director now directly owns 2,254,573 shares in the company, valued at approximately $3,855,319.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:PYDS traded up $0.04 during trading on Friday, reaching $2.00. 16,143 shares of the stock were exchanged, compared to its average volume of 66,272. Payment Data Systems, Inc. has a 12 month low of $1.25 and a 12 month high of $4.10.

Payment Data Systems (NASDAQ:PYDS) last issued its quarterly earnings data on Tuesday, May 15th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. The company had revenue of $5.84 million during the quarter. Payment Data Systems had a negative return on equity of 29.43% and a negative net margin of 21.43%.

A number of equities research analysts have recently issued reports on the company. ValuEngine upgraded Payment Data Systems from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Maxim Group restated a “buy” rating and set a $4.00 price objective on shares of Payment Data Systems in a report on Tuesday, April 24th.

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.

Further Reading: Market Capitalization

Insider Buying and Selling by Quarter for Payment Data Systems (NASDAQ:PYDS)

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