Raymond James Financial Inc. Takes $1.94 Million Position in Paysafe Limited (NYSE:PSFE)

Raymond James Financial Inc. bought a new position in Paysafe Limited (NYSE:PSFE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 113,709 shares of the company’s stock, valued at approximately $1,944,000. Raymond James Financial Inc. owned about 0.19% of Paysafe as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PSFE. Martingale Asset Management L P increased its position 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 worth $814,000 after acquiring an additional 13,806 shares in the last quarter. Verition Fund Management LLC purchased a new position in Paysafe during the 3rd quarter valued at about $254,000. State Street Corp increased its holdings in shares of Paysafe by 1.5% in the 3rd quarter. State Street Corp now owns 1,427,043 shares of the company’s stock valued at $32,009,000 after purchasing an additional 20,418 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Paysafe during the third quarter worth approximately $1,105,000. Finally, Barclays PLC grew its position in Paysafe by 273.6% during the third quarter. Barclays PLC now owns 42,167 shares of the company’s stock valued at $946,000 after purchasing an additional 30,881 shares in the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PSFE shares. Susquehanna cut their target price on shares of Paysafe from $21.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Bank of America dropped their price target on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating on the stock in a research note on Monday, March 10th. Finally, UBS Group boosted their target price on Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a research note on Wednesday, February 12th.

Paysafe Stock Down 2.6 %

Paysafe stock opened at $15.68 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. Paysafe Limited has a 1-year low of $14.06 and a 1-year high of $26.25. The firm’s fifty day simple moving average is $18.33 and its 200-day simple moving average is $19.46. The company has a market capitalization of $952.80 million, a P/E ratio of -41.26, a P/E/G ratio of 0.48 and a beta of 1.87.

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

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.