Payment Data Systems, Inc. (PYDS) Receives Consensus Rating of “Strong Buy” from Brokerages

Shares of Payment Data Systems, Inc. (NASDAQ:PYDS) have earned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price objective of $4.83 for the company and are expecting that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also assigned Payment Data Systems an industry rank of 199 out of 255 based on the ratings given to related companies.

A number of equities research analysts have issued reports on the stock. Dawson James reiterated a “buy” rating on shares of Payment Data Systems in a report on Monday. Zacks Investment Research upgraded shares of Payment Data Systems from a “hold” rating to a “strong-buy” rating and set a $2.75 target price on the stock in a report on Wednesday, April 3rd. Finally, Barrington Research restated a “buy” rating and issued a $5.00 price objective on shares of Payment Data Systems in a report on Tuesday, March 26th.

Shares of NASDAQ:PYDS traded down $0.10 during trading on Thursday, reaching $2.37. 500 shares of the company traded hands, compared to its average volume of 58,080. The company has a market cap of $42.15 million, a price-to-earnings ratio of -7.68 and a beta of 1.92. Payment Data Systems has a 52 week low of $1.38 and a 52 week high of $3.82.

Payment Data Systems (NASDAQ:PYDS) last issued its quarterly earnings results on Wednesday, March 27th. The business services provider reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. Payment Data Systems had a negative return on equity of 31.12% and a negative net margin of 15.09%. The company had revenue of $6.42 million during the quarter, compared to analysts’ expectations of $6.84 million. On average, analysts expect that Payment Data Systems will post -0.26 EPS for the current fiscal year.

In other news, Director Steve Huffman sold 17,186 shares of Payment Data Systems stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $2.75, for a total value of $47,261.50. Following the sale, the director now owns 49,481 shares of the company’s stock, valued at $136,072.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 46.60% of the company’s stock.

An institutional investor recently raised its position in Payment Data Systems stock. Essex Investment Management Co. LLC lifted its stake in Payment Data Systems, Inc. (NASDAQ:PYDS) by 36.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,774 shares of the business services provider’s stock after purchasing an additional 44,429 shares during the period. Essex Investment Management Co. LLC owned approximately 1.04% of Payment Data Systems worth $275,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.82% 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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