Payment Data Systems, Inc. (NASDAQ:PYDS) Director Michael R. Long sold 34,659 shares of the business’s stock in a transaction dated Tuesday, July 24th. The shares were sold at an average price of $1.76, for a total transaction of $60,999.84. Following the completion of the sale, the director now owns 2,319,942 shares of the company’s stock, valued at approximately $4,083,097.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NASDAQ:PYDS traded up $0.04 during trading on Thursday, reaching $1.93. 19,124 shares of the stock 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 released its quarterly earnings results on Tuesday, May 15th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts have recently issued reports on the stock. Maxim Group restated a “buy” rating and set a $4.00 target price on shares of Payment Data Systems in a research report on Tuesday, April 24th. ValuEngine raised Payment Data Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.
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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