PAYSNasdaqServices-Business Services, NECFiscal year ends December 31
Paysign, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$15.34+0.54 (+3.65%)
Close on Oct 19, 2026
- Market cap
- $950.70M
- P/E (TTM)
- 59.0
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
53.6%
30M of 56M shares
Institutional holders
133
37 new, 13 sold out
Net institutional buying
4M
In Q2 2026
Insider trades, 12 months
0 buys · 20 sales
Net sold $7.65M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Topline Capital Management, LLC | 5,336,146 | 9.90% | 13G (passive) amendment | Dec 31, 2024 |
| BlackRock, Inc. | 3,030,447 | 5.40% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of PAYS | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Topline Capital Management, LLC | 4,639,061 | 8.22% | $37.99M | – | 9.85% |
| BlackRock, Inc. | 3,079,208 | 5.45% | $25.22M | +727,560 | 0.00% |
| Punch & Associates Investment Management, Inc. | 2,073,580 | 3.67% | $16.98M | +15,370 | 0.84% |
| Vanguard Capital Management LLC | 1,597,278 | 2.83% | $13.08M | +111,420 | 0.00% |
| Thompson Siegel & Walmsley LLC | 1,413,848 | 2.50% | $11.58K | −253,102 | 0.21% |
| Renaissance Technologies LLC | 1,073,783 | 1.90% | $8.79M | −457,289 | 0.01% |
| Geode Capital Management, LLC | 1,045,645 | 1.85% | $8.57M | +217,556 | 0.00% |
| Palisades Investment Partners, LLC | 1,000,758 | 1.77% | $8.20M | +6,862 | 2.33% |
| Arrowstreet Capital, Limited Partnership | 904,501 | 1.60% | $7.41M | +868,508 | 0.00% |
| State Street Corp | 843,660 | 1.49% | $6.91M | +199,193 | 0.00% |
| AWM Investment Company, Inc. | 800,965 | 1.42% | $6.56M | +415,000 | 0.57% |
| Dimensional Fund Advisors LP | 725,446 | 1.28% | $5.94M | +149,827 | 0.00% |
| Goldman Sachs Group Inc | 690,666 | 1.22% | $5.66M | +246,852 | 0.00% |
| Royce & Associates LP | 616,365 | 1.09% | $5.05M | −161,818 | 0.04% |
| Kestra Advisory Services, LLC | 614,175 | 1.09% | $5.03M | New | 0.02% |
| Joule Financial, LLC | 614,175 | 1.09% | $5.03M | – | 1.36% |
| Two Sigma Investments, LP | 564,238 | 1.00% | $4.62M | +28,576 | 0.00% |
| UBS Group AG | 541,426 | 0.96% | $4.43M | +478,119 | 0.00% |
| Ballast Asset Management, LP | 467,476 | 0.83% | $3.83M | New | 1.53% |
| Jane Street Group, LLC | 399,914 | 0.71% | $3.28M | −23,691 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 133 | 30M | 53.6% | 37 / 58 | 26 / 13 | 7M | 3M |
| Q1 2026 | 111 | 26M | 46.2% | 22 / 40 | 26 / 24 | 6M | 3M |
| Q4 2025 | 116 | 26M | 45.2% | 13 / 47 | 36 / 12 | 3M | 2M |
| Q3 2025 | 120 | 25M | 43.9% | 39 / 38 | 27 / 15 | 7M | 2M |
| Q2 2025 | 96 | 20M | 34.7% | 27 / 35 | 19 / 10 | 3M | 1M |
| Q1 2025 | 79 | 18M | 32.5% | 7 / 29 | 24 / 18 | 1M | 1M |
| Q4 2024 | 91 | 19M | 34.1% | 17 / 38 | 17 / 15 | 9M | 1M |
| Q3 2024 | 90 | 12M | 20.4% | 26 / 25 | 21 / 8 | 4M | 1M |
| Q2 2024 | 73 | 10M | 17.8% | 26 / 24 | 14 / 7 | 2M | 1M |
| Q1 2024 | 55 | 9M | 15.6% | 8 / 19 | 18 / 7 | 1M | 1M |
| Q4 2023 | 55 | 9M | 15.1% | 5 / 18 | 22 / 11 | 1M | 1M |
| Q3 2023 | 63 | 9M | 15.4% | 9 / 23 | 18 / 11 | 1M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of PAYS | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Russell 2000 ETF | 1,195,876 | 2.12% | $9.79M | 0.01% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,149,030 | 2.04% | $9.41M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 487,797 | 0.86% | $4.37M | 0.01% | Jul 31, 2026 |
| Royce Smaller-Companies Growth Fund | 426,667 | 0.76% | $3.49M | 1.47% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 417,873 | 0.74% | $3.42M | 0.02% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 398,373 | 0.71% | $3.26M | 0.00% | Jun 30, 2026 |
| Ballast Small/Mid Cap ETF | 325,376 | 0.58% | $2.66M | 1.49% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 184,221 | 0.33% | $1.34M | 0.00% | May 31, 2026 |
| Dimensional U.S. Small Cap ETF | 183,344 | 0.32% | $1.64M | 0.01% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 180,065 | 0.32% | $1.31M | 0.01% | May 31, 2026 |
| iShares Micro-Cap ETF | 149,606 | 0.26% | $1.23M | 0.08% | Jun 30, 2026 |
| U.S. Small Cap Portfolio | 144,966 | 0.26% | $1.30M | 0.01% | Jul 31, 2026 |
| U.S. Micro Cap Portfolio | 123,947 | 0.22% | $1.11M | 0.01% | Jul 31, 2026 |
| Schwab Small-Cap Index Fund | 107,632 | 0.19% | $964.38K | 0.01% | Jul 31, 2026 |
| Goldman Sachs Small Cap Equity Insights Fund | 99,431 | 0.18% | $890.90K | 0.09% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Joan M. Herman | EVP, Operations, Director | 609,421 | 1.08% | Sep 17, 2026 |
| Mark Newcomer | CEO, Director, 10% owner | 14,923,002 | 26.43% | Aug 7, 2026 |
| Matthew Louis Lanford | Chief Payments Officer, Director | 298,609 | 0.53% | Aug 4, 2026 |
| Michael C. Ngo | Chief Innovation Officer | 2,811,336 | 4.98% | Sep 10, 2026 |
| Bradley Kramer Cunningham | Chief Technology Officer | 314,622 | 0.56% | Sep 4, 2026 |
| Matthew Baker Turner | PRES., PATIENT AFFORDABILITY | 404,262 | 0.72% | Sep 4, 2026 |
| Jeffery Bradford Baker | Chief Financial Officer | 542,171 | 0.96% | Aug 14, 2026 |
| Robert Strobo | Chief Legal Officer | 526,871 | 0.93% | Aug 4, 2026 |
| Daniel R. Henry | Director | 169,885 | 0.30% | Aug 6, 2026 |
| Bruce A. Mina | Director | 278,500 | 0.49% | Aug 6, 2026 |
| Dennis L. Triplett | Director | 290,000 | 0.51% | Aug 6, 2026 |
| Jeffrey B. Newman | Director | 90,000 | 0.16% | Aug 6, 2026 |
| Daniel Spence | 10% owner | 15,500,000 | 27.45% | Mar 25, 2025 |
| Topline Capital Management, LLC | – | 5,336,146 | 9.45% | Jan 15, 2025 |
| Topline Capital Partners, LP | 10% owner | 5,336,146 | 9.45% | Jan 15, 2025 |
| Collin McBirney | – | 6,160,742 | 10.91% | Jan 15, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Joan M. Herman EVP, Operations, Director | Sep 16, 2026 | Sale(10b5-1 plan) | −38,900 | $11.74 | $456.69K | 609,421 |
| Joan M. Herman EVP, Operations, Director | Sep 15, 2026 | Sale(10b5-1 plan) | −21,004 | $12.38 | $260.03K | 648,321 |
| Michael C. Ngo Chief Innovation Officer | Sep 9, 2026 | Sale | −79,925 | $12.74 | $1.02M | 2,350,000 |
| Michael C. Ngo Chief Innovation Officer | Sep 8, 2026 | Sale | −70,075 | $12.85 | $900.46K | 2,429,925 |
| Jeffery Bradford Baker Chief Financial Officer | Aug 12, 2026 | Sale | −35,000 | $12.62 | $441.70K | 542,171 |
| Mark Newcomer CEO, Director, 10% owner | Aug 6, 2026 | Sale(10b5-1 plan) | −150,000 | $11.88 | $1.78M | 9,163,002 |
| Dennis L. Triplett Director | Aug 4, 2026 | Option exercise | +20,000 | – | – | 290,000 |
| Bruce A. Mina Director | Aug 4, 2026 | Option exercise | +20,000 | – | – | 278,500 |
| Jeffrey B. Newman Director | Aug 4, 2026 | Option exercise | +20,000 | – | – | 90,000 |
| Daniel R. Henry Director | Aug 4, 2026 | Option exercise | +20,000 | – | – | 169,885 |
| Bradley Kramer Cunningham Chief Technology Officer | Jul 31, 2026 | Tax withholding | −22,430 | $8.96 | $200.97K | 314,622 |
| Robert Strobo Chief Legal Officer | Jul 31, 2026 | Tax withholding | −25,184 | $8.96 | $225.65K | 526,871 |
| Robert Strobo Chief Legal Officer | Jul 31, 2026 | Option exercise | +64,000 | – | – | 552,055 |
| Matthew Louis Lanford Chief Payments Officer, Director | Jul 31, 2026 | Option exercise | +64,000 | – | – | 298,609 |
| Matthew Louis Lanford Chief Payments Officer, Director | Jul 31, 2026 | Tax withholding | −25,185 | $8.96 | $225.66K | 273,424 |
| Mark Newcomer CEO, Director, 10% owner | Jul 31, 2026 | Option exercise | +150,000 | – | – | 9,372,027 |
| Mark Newcomer CEO, Director, 10% owner | Jul 31, 2026 | Tax withholding | −59,025 | $8.96 | $528.86K | 9,313,002 |
| Joan M. Herman EVP, EFT Operations, Director | Jul 31, 2026 | Option exercise | +36,000 | – | – | 683,105 |
| Joan M. Herman EVP, EFT Operations, Director | Jul 31, 2026 | Tax withholding | −13,780 | $8.96 | $123.47K | 669,325 |
| Jeffery Bradford Baker Chief Financial Officer | Jul 31, 2026 | Option exercise | +64,000 | – | – | 605,677 |
| Jeffery Bradford Baker Chief Financial Officer | Jul 31, 2026 | Tax withholding | −28,506 | $8.96 | $255.41K | 577,171 |
| Mark Newcomer CEO, Director, 10% owner | Jul 29, 2026 | Sale(10b5-1 plan) | −50,000 | $9.38 | $469.00K | 9,222,027 |
| Joan M. Herman EVP, Operations, Director | Jul 16, 2026 | Sale(10b5-1 plan) | −28,000 | $8.69 | $243.32K | 647,105 |
| Joan M. Herman EVP, Operations, Director | Jul 15, 2026 | Sale(10b5-1 plan) | −31,904 | $8.60 | $274.37K | 675,105 |
| Bradley Kramer Cunningham Chief Technology Officer | Jun 30, 2026 | Tax withholding | −11,579 | $8.19 | $94.83K | 337,052 |
| Joan M. Herman EVP, Operations, Director | Jun 26, 2026 | Sale(10b5-1 plan) | −100,000 | $8.01 | $801.00K | 707,009 |
| Bruce A. Mina Director | Jun 11, 2026 | Sale | −10,000 | $7.10 | $71.00K | 258,500 |
| Bradley Kramer Cunningham Chief Technology Officer | Jun 1, 2026 | Sale | −3,000 | $7.80 | $23.40K | 348,631 |
| Bruce A. Mina Director | Jun 1, 2026 | Sale | −10,000 | $7.10 | $71.00K | 268,500 |
| Joan M. Herman EVP, Operations, Director | Jun 1, 2026 | Sale(10b5-1 plan) | −29,202 | $8.00 | $233.62K | 807,009 |
| Bradley Kramer Cunningham Chief Technology Officer | May 29, 2026 | Sale | −10,000 | $7.30 | $73.00K | 351,631 |
| Jeffery Bradford Baker Chief Financial Officer | May 29, 2026 | Tax withholding | −44,541 | $7.27 | $323.81K | 541,677 |
| Robert Strobo Chief Legal Officer | May 27, 2026 | Tax withholding | −39,235 | $7.11 | $278.96K | 488,055 |
| Robert Strobo Chief Legal Officer | May 27, 2026 | Award | +66,667 | – | – | 393,957 |
| Robert Strobo Chief Legal Officer | May 27, 2026 | Tax withholding | −39,235 | $7.11 | $278.96K | 354,632 |
| Joan M. Herman EVP, Operations, Director | May 26, 2026 | Sale(10b5-1 plan) | −22,534 | $7.01 | $157.96K | 836,211 |
| Joan M. Herman EVP, Operations, Director | May 26, 2026 | Sale(10b5-1 plan) | −22,534 | $7.01 | $157.96K | 813,989 |
| Matthew Baker Turner PRES., PATIENT AFFORDABILITY | May 22, 2026 | Tax withholding | −50,681 | $6.72 | $340.58K | 404,262 |
| Mark Newcomer CEO, Director, 10% owner | May 20, 2026 | Tax withholding | −78,701 | $6.15 | $484.01K | 9,272,027 |
| Mark Newcomer CEO, Director, 10% owner | May 20, 2026 | Award | +133,334 | – | – | 9,084,062 |
| Mark Newcomer CEO, Director, 10% owner | May 20, 2026 | Tax withholding | −78,701 | $6.15 | $484.01K | 9,005,361 |
| Bradley Kramer Cunningham Chief Technology Officer | May 18, 2026 | Tax withholding | −12,369 | $5.87 | $72.61K | 361,631 |
| Matthew Louis Lanford Chief Payments Officer, Director | May 18, 2026 | Tax withholding | −12,755 | $5.87 | $74.87K | 234,609 |
| Matthew Louis Lanford Chief Payments Officer, Director | May 18, 2026 | Award | +22,222 | – | – | 202,920 |
| Matthew Louis Lanford Chief Payments Officer, Director | May 18, 2026 | Tax withholding | −12,755 | $5.87 | $74.87K | 190,165 |
| Joan M. Herman EVP, Operations, Director | May 13, 2026 | Tax withholding | −6,171 | $5.83 | $35.98K | 858,745 |
| Joan M. Herman EVP, Operations, Director | May 13, 2026 | Award | +11,111 | – | – | 842,694 |
| Joan M. Herman EVP, Operations, Director | May 13, 2026 | Tax withholding | −6,171 | $5.83 | $35.98K | 836,523 |
| Jeffrey B. Newman Director | May 8, 2026 | Award | +20,000 | – | – | 70,000 |
| Dennis L. Triplett Director | May 8, 2026 | Award | +20,000 | – | – | 270,000 |
| Daniel R. Henry Director | May 8, 2026 | Award | +20,000 | – | – | 149,884 |
| Bruce A. Mina Director | May 8, 2026 | Award | +20,000 | – | – | 278,500 |
| Joan M. Herman EVP, Operations, Director | May 4, 2026 | Sale(10b5-1 plan) | −6,667 | $7.01 | $46.74K | 831,583 |
| Michael C. Ngo Chief Innovation Officer | Mar 31, 2026 | Tax withholding | −38,664 | $5.90 | $228.12K | 461,336 |
| Jeffery Bradford Baker Chief Financial Officer | Feb 28, 2026 | Option exercise | +60,000 | – | – | 412,273 |
| Jeffery Bradford Baker Chief Financial Officer | Feb 28, 2026 | Tax withholding | −26,055 | $3.55 | $92.50K | 386,218 |
| Matthew Baker Turner PRES., PATIENT AFFORDABILITY | Feb 3, 2026 | Sale | −15,057 | $4.16 | $62.64K | 454,943 |
| Robert Strobo Chief Legal Officer | Dec 12, 2025 | Sale(10b5-1 plan) | −20,000 | $5.47 | $109.40K | 327,290 |
| Matthew Baker Turner PRES., PATIENT AFFORDABILITY | Nov 13, 2025 | Award | +233,333 | – | – | 470,000 |
| Joan M. Herman EVP, Operations, Director | Nov 13, 2025 | Award | +33,333 | – | – | 864,916 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| C. Ngo Michael affiliate | Sep 8, 2026 | 150,000 | $1.95M | Sep 8, 2026 | Shares received in acquisition |
| A. Mina Bruce Director | Jun 3, 2026 | 20,000 | $151.90K | May 29, 2026 | Settlement of Restricted Stock Grant |