State Street Corp Boosts Holdings in Paysafe Limited (NYSE:PSFE)

State Street Corp grew its position in shares of Paysafe Limited (NYSE:PSFE) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,427,043 shares of the company’s stock after purchasing an additional 20,418 shares during the period. State Street Corp owned approximately 2.35% of Paysafe worth $32,009,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Paysafe by 24.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock worth $28,876,000 after buying an additional 324,207 shares in the last quarter. Foundry Partners LLC purchased a new position in shares of Paysafe during the third quarter worth about $5,450,000. Empowered Funds LLC grew its holdings in shares of Paysafe by 5.3% during the third quarter. Empowered Funds LLC now owns 238,448 shares of the company’s stock worth $5,348,000 after purchasing an additional 12,060 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Paysafe in the second quarter worth approximately $3,702,000. Finally, Renaissance Technologies LLC lifted its position in Paysafe by 31.8% during the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock valued at $3,612,000 after purchasing an additional 49,300 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Bank of America increased their price target on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, August 27th. Royal Bank of Canada reduced their target price on Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, Susquehanna dropped their price target on Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.40.

Paysafe Price Performance

PSFE stock opened at $17.28 on Friday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $1.05 billion, a P/E ratio of -45.47, a P/E/G ratio of 0.61 and a beta of 1.86. The firm’s fifty day moving average is $20.36 and its 200 day moving average is $20.29. Paysafe Limited has a 52 week low of $11.60 and a 52 week high of $26.25.

Paysafe Profile

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.