Principal Financial Group Inc. Purchases 3,651 Shares of Paysafe Limited (NYSE:PSFE)

Principal Financial Group Inc. boosted its holdings in shares of Paysafe Limited (NYSE:PSFE) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,727 shares of the company’s stock after acquiring an additional 3,651 shares during the period. Principal Financial Group Inc. owned approximately 0.06% of Paysafe worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Paysafe during the third quarter worth about $225,000. Empowered Funds LLC raised its holdings in Paysafe by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 238,448 shares of the company’s stock worth $5,348,000 after buying an additional 12,060 shares during the period. Foundry Partners LLC acquired a new stake in Paysafe during the 3rd quarter worth approximately $5,450,000. Harvest Fund Management Co. Ltd bought a new position in Paysafe in the third quarter valued at approximately $176,000. Finally, Martingale Asset Management L P boosted its holdings in shares of Paysafe by 61.5% in the third quarter. Martingale Asset Management L P now owns 36,269 shares of the company’s stock valued at $814,000 after buying an additional 13,806 shares during the period. 54.39% of the stock is owned by institutional investors and hedge funds.

Paysafe Stock Performance

Shares of PSFE stock opened at $15.69 on Friday. The firm has a market cap of $953.22 million, a PE ratio of -41.28, a P/E/G ratio of 0.48 and a beta of 1.87. Paysafe Limited has a 12 month low of $11.94 and a 12 month high of $26.25. The company’s fifty day simple moving average is $18.70 and its 200-day simple moving average is $20.13. 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 (NYSE:PSFE) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.17). The business had revenue of $420.07 million for the quarter, compared to the consensus estimate of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. Equities research analysts expect that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank of Canada dropped their price objective 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. UBS Group lifted their price target on Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a research note on Wednesday, February 12th. Finally, Susquehanna reduced 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.

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.