Principal Financial Group Inc. Buys Shares of 34,076 Paysafe Limited (NYSE:PSFE)

Principal Financial Group Inc. purchased a new position in Paysafe Limited (NYSE:PSFE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,076 shares of the company’s stock, valued at approximately $764,000. Principal Financial Group Inc. owned 0.06% of Paysafe as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PSFE. Dimensional Fund Advisors LP lifted its position in shares of Paysafe by 24.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock valued at $28,876,000 after acquiring an additional 324,207 shares during the period. Foundry Partners LLC acquired a new position in Paysafe during the 3rd quarter worth approximately $5,450,000. Acadian Asset Management LLC bought a new position in Paysafe in the second quarter worth approximately $3,702,000. Renaissance Technologies LLC grew its stake in Paysafe by 31.8% in the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock valued at $3,612,000 after acquiring an additional 49,300 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Paysafe during the third quarter valued at approximately $1,105,000. 54.39% of the stock is owned by institutional investors.

Paysafe Stock Up 0.9 %

Paysafe stock opened at $17.47 on Monday. 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 stock has a market cap of $1.06 billion, a PE ratio of -45.97, a price-to-earnings-growth ratio of 0.61 and a beta of 1.86. Paysafe Limited has a fifty-two week low of $11.94 and a fifty-two week high of $26.25. The firm’s 50-day simple moving average is $19.37 and its 200 day simple moving average is $20.27.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Susquehanna cut their target price on Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada lowered their target price on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Paysafe has a consensus rating of “Hold” and a consensus price target of $19.40.

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.