Payment Data Systems, Inc. (PYDS) Reaches $2.29 After 6.00% Down Move; Cadian Capital Management LP Has Lifted Zynga (ZNGA) Stake

January 14, 2018 - By Winifred Garcia

The stock of Payment Data Systems, Inc. (NASDAQ:PYDS) is a huge mover today! The stock decreased 8.40% or $0.21 during the last trading session, reaching $2.29. About 376,614 shares traded. Payment Data Systems, Inc. (NASDAQ:PYDS) has declined 12.80% since January 14, 2017 and is downtrending. It has underperformed by 29.50% the S&P500.The move comes after 5 months negative chart setup for the $31.18M company. It was reported on Jan, 14 by Barchart.com. We have $2.15 PT which if reached, will make NASDAQ:PYDS worth $1.87 million less.

Cadian Capital Management Lp increased Zynga Inc (ZNGA) stake by 23.38% reported in 2017Q3 SEC filing. Cadian Capital Management Lp acquired 2.73M shares as Zynga Inc (ZNGA)’s stock rose 28.73%. The Cadian Capital Management Lp holds 14.41 million shares with $54.49 million value, up from 11.68 million last quarter. Zynga Inc now has $3.46B valuation. It closed at $3.97 lastly. It is down 35.83% since January 14, 2017 and is uptrending. It has outperformed by 19.13% the S&P500.

Cadian Capital Management Lp decreased Apptio Inc stake by 755,610 shares to 429,464 valued at $7.93M in 2017Q3. It also reduced Altaba Inc stake by 2.38 million shares and now owns 610,000 shares. Etsy Inc was reduced too.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.48, from 1.65 in 2017Q2. It dropped, as 25 investors sold ZNGA shares while 61 reduced holdings. 37 funds opened positions while 64 raised stakes. 579.86 million shares or 4.13% more from 556.87 million shares in 2017Q2 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 25,827 shares. Goldman Sachs Group Inc invested in 2.88M shares or 0% of the stock. Td Asset Mngmt Inc holds 0% or 278,900 shares. Quantbot Ltd Partnership reported 92,800 shares. Hillsdale Inv Mgmt reported 0.06% in Zynga Inc. (NASDAQ:ZNGA). State Board Of Administration Of Florida Retirement holds 932,974 shares. Panagora Asset Management accumulated 3.89M shares. Nationwide Fund invested in 0% or 62,515 shares. Alabama-based Retirement Of Alabama has invested 0.02% in Zynga Inc. (NASDAQ:ZNGA). Rhumbline Advisers reported 0.01% of its portfolio in Zynga Inc. (NASDAQ:ZNGA). Tiger Eye Llc has 1.9% invested in Zynga Inc. (NASDAQ:ZNGA). Pnc Incorporated accumulated 0% or 90,879 shares. Ubs Asset Mgmt Americas Incorporated holds 0% of its portfolio in Zynga Inc. (NASDAQ:ZNGA) for 587,467 shares. Us National Bank & Trust De holds 0% of its portfolio in Zynga Inc. (NASDAQ:ZNGA) for 1,000 shares. Telemark Asset Mngmt Ltd holds 3.89% of its portfolio in Zynga Inc. (NASDAQ:ZNGA) for 5.00M shares.

Among 17 analysts covering Zynga (NASDAQ:ZNGA), 9 have Buy rating, 1 Sell and 7 Hold. Therefore 53% are positive. Zynga had 40 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Zynga Inc. (NASDAQ:ZNGA) has “Perform” rating given on Thursday, November 12 by Oppenheimer. Jefferies maintained Zynga Inc. (NASDAQ:ZNGA) on Wednesday, September 6 with “Buy” rating. The firm has “Hold” rating given on Friday, August 7 by Robert W. Baird. The firm has “Buy” rating by Benchmark given on Tuesday, February 9. KeyBanc Capital Markets maintained the shares of ZNGA in report on Monday, October 16 with “Hold” rating. The firm earned “Neutral” rating on Friday, May 5 by Bank of America. The stock of Zynga Inc. (NASDAQ:ZNGA) has “Buy” rating given on Friday, August 7 by Wedbush. The company was maintained on Monday, August 10 by Pacific Crest. As per Sunday, November 5, the company rating was maintained by Canaccord Genuity. The company was maintained on Friday, August 7 by Credit Suisse.

Since August 1, 2017, it had 0 buys, and 3 sales for $134,160 activity. The insider Siminoff Ellen F sold $43,440.

Payment Data Systems, Inc., together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company has market cap of $31.18 million. The firm offers various types of automated clearing house processing; and credit, prepaid card, and debit card processing services. It currently has negative earnings. The Company’s ACH processing services include Represented Check, a consumer non-sufficient funds check that is represented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment, which is converted into an e-check.

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