Payment Data Systems Inc (PYDS) Files Form 4 Insider Selling : Louis A Hoch Sells 5,815 Shares

Payment Data Systems Inc (PYDS): Louis A Hoch , President and COO of Payment Data Systems Inc sold 5,815 shares on Apr 13, 2016. The Insider selling transaction was reported by the company on Apr 15, 2016 to the Securities and Exchange Commission. The shares were sold at $2.10 per share for a total value of $11,932.41 according the SEC Form 4 Filing.

Currently the company Insiders own 55.4% of Payment Data Systems shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -2.61%.Institutional Investors own 0.2% of Payment Data Systems shares.During last six month period, the net percent change held by insiders has seen a change of -4.72%.

Payment Data Systems Inc. is a processor of electronic payments for other companies. The Company operates in the United States under two operating segments: Payment Data Systems and FiCentive Inc. Payment Data Systems Inc. provides integrated electronic payment processing services to merchants and businesses including all types of Automated Clearing House (ACH) processing credit prepaid card and debit card-based processing services. It also operates an online payment processing service under the domain name system which allows consumers to process online payments to pay any other individual including family and friends. The Company provides prepaid card processing services for merchants and consumers through its wholly owned subsidiary FiCentive Inc. It also offers MasterCard prepaid cards branded with its customers’ corporation logos or trademarks.

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