Payment Data Systems (PYDS) Publishes Revenue Results, Beats Awaitations By $0

Payment Data Systems (NASDAQ:PYDS) released its earnings results on Wednesday. The business services provider reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01, Bloomberg Earnings reports. The company had revenue of $6.47 million during the quarter, compared to the consensus estimate of $6.60 million. Payment Data Systems had a negative return on equity of 32.31% and a negative net margin of 20.03%.

NASDAQ PYDS opened at $1.80 on Friday. The stock has a market capitalization of $28.95 million, a P/E ratio of -5.45 and a beta of 0.87. Payment Data Systems has a 12 month low of $1.43 and a 12 month high of $4.00.

A hedge fund recently bought a new stake in Payment Data Systems stock. Essex Investment Management Co. LLC acquired a new stake in Payment Data Systems, Inc. (NASDAQ:PYDS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 121,345 shares of the business services provider’s stock, valued at approximately $223,000. Essex Investment Management Co. LLC owned about 0.76% of Payment Data Systems at the end of the most recent quarter. 2.05% of the stock is owned by institutional investors and hedge funds.

Separately, Dawson James started coverage on Payment Data Systems in a report on Wednesday, October 24th. They issued a “buy” rating for the company.

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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