Paysafe Limited (NYSE:PSFE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in shares of Paysafe Limited (NYSE:PSFE) by 57.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,499 shares of the company’s stock after selling 11,317 shares during the quarter. New York State Common Retirement Fund’s holdings in Paysafe were worth $145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSFE. Private Management Group Inc. acquired a new position in Paysafe during the 4th quarter worth $8,489,000. Foundry Partners LLC acquired a new position in shares of Paysafe during the 3rd quarter worth about $5,450,000. Public Employees Retirement System of Ohio acquired a new position in shares of Paysafe during the 3rd quarter worth about $1,105,000. Principal Financial Group Inc. acquired a new position in shares of Paysafe during the 3rd quarter worth about $764,000. Finally, Barclays PLC boosted its position in shares of Paysafe by 273.6% during the 3rd quarter. Barclays PLC now owns 42,167 shares of the company’s stock worth $946,000 after acquiring an additional 30,881 shares in the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

Paysafe Stock Up 3.7 %

Shares of NYSE PSFE opened at $16.23 on Thursday. The stock has a market cap of $986.22 million, a PE ratio of -42.71, a price-to-earnings-growth ratio of 0.48 and a beta of 1.89. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. Paysafe Limited has a 52-week low of $11.94 and a 52-week high of $26.25. The business has a 50-day moving average price of $18.74 and a 200 day moving average price of $20.16.

Paysafe (NYSE:PSFE) last announced its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). The firm had revenue of $420.07 million during the quarter, compared to analyst estimates of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. Equities research analysts forecast that Paysafe Limited will post 1.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PSFE shares. Susquehanna lowered their price objective on Paysafe from $21.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group upped their price objective on Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada lowered their price objective on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th.

About Paysafe

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.