Stock On Watch: Can Payment Data Systems, Inc.’s Tomorrow be Different? The Stock Just Broke Its High

Stock On Watch: Can Payment Data Systems, Inc.'s Tomorrow be Different? The Stock Just Broke Its High

The stock of Payment Data Systems, Inc. (NASDAQ:PYDS) hit a new 52-week high and has $6.69 target or 133.00% above today’s $2.87 share price. The 5 months bullish chart indicates low risk for the $42.22 million company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $6.69 price target is reached, the company will be worth $56.15 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.43M shares traded hands or 2178.78% up from the average. Payment Data Systems, Inc. (NASDAQ:PYDS) has risen 18.81% since February 29, 2016 and is uptrending. It has outperformed by 6.60% the S&P500.

Analysts await Payment Data Systems, Inc. (NASDAQ:PYDS) to report earnings on November, 21.

According to Zacks Investment Research, “Payment Data Systems is a service bureau clearinghouse in the electronic bill presentment and payment industry. Electronic bill presentment and payment is the process of presenting a bill in a secure environment on the Internet and facilitating payment of the bill utilizing an electronic transfer of funds. The company provides a scalable, branded, and secure end-to-end electronic bill presentment and payment solution, allowing billers to realize the advantages, while requiring significantly lower up-front costs, shorter lead times on initial implementation and upgrades.”

More notable recent Payment Data Systems, Inc. (NASDAQ:PYDS) news were published by: Globenewswire.com which released: “Payment Data Systems Launches Apple iOS Payment Processing SDK” on July 28, 2016, also Bizjournals.com with their article: “Payment Data Systems names new CEO from within” published on August 08, 2016, Globenewswire.com published: “Payment Data Systems Engages Preston Todd Advisors to Target Accretive …” on June 15, 2016. More interesting news about Payment Data Systems, Inc. (NASDAQ:PYDS) were released by: Bizjournals.com and their article: “Payment Data Systems brings financial support to new startup” published on February 09, 2016 as well as Globenewswire.com‘s news article titled: “Payment Data Systems Selected to Present at FinovateSpring 2016 in San Jose” with publication date: May 05, 2016.

PYDS Company Profile

Payment Data Systems, Inc., incorporated on June 4, 1998, is engaged in the business of processing electronic payments for other companies including a range of automated clearing house (ACH) processing, credit, prepaid card and debit card processing. The Firm is an integrated payment solutions well-known provider offering a range of services to merchants, billers, banks, service bureaus, and card issuers. The Firm operates through two operating entities: Payment Data Systems, Inc. and FiCentive, Inc. Payment Data Systems, Inc. provides integrated electronic payment processing services to merchants and businesses, including credit and debit card processing services and transaction processing through the ACH network. The Company’s ACH processing services enable merchants or businesses to both disburse and collect funds electronically using e-checks to transfer funds instead of traditional paper checks. An e-check is an electronic debit to a bank checking account that is initiated at the point-of-sale, on the Internet, over the telephone, or through a bill payment sent through the mail, and e-checks are processed using the ACH network.

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