Payment Data Systems, Inc. (NASDAQ:PYDS) Director Michael R. Long sold 12,000 shares of the stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $1.85, for a total transaction of $22,200.00. The sale was disclosed in a filing with the SEC, which is available through this link.

NASDAQ:PYDS traded up $0.07 during mid-day trading on Thursday, reaching $1.96. 35,619 shares of the company were exchanged, compared to its average volume of 67,052. 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. Payment Data Systems had a negative net margin of 21.43% and a negative return on equity of 29.43%. The firm had revenue of $5.84 million for the quarter.

PYDS has been the topic of a number of research analyst reports. Maxim Group reissued a “buy” rating and set a $4.00 price objective on shares of Payment Data Systems in a report on Tuesday, April 24th. ValuEngine raised shares of Payment Data Systems from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd.

Payment Data Systems Company Profile

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: Earnings Per Share

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

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