Paysafe Limited (NYSE:PSFE) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Paysafe Limited (NYSE:PSFE) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,183 shares of the company’s stock after purchasing an additional 835 shares during the period. JPMorgan Chase & Co.’s holdings in Paysafe were worth $341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Paysafe by 24.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock valued at $28,876,000 after buying an additional 324,207 shares during the last quarter. State Street Corp grew its stake in Paysafe by 1.5% in the 3rd quarter. State Street Corp now owns 1,427,043 shares of the company’s stock worth $32,009,000 after acquiring an additional 20,418 shares during the period. Foundry Partners LLC acquired a new position in Paysafe in the 3rd quarter valued at $5,450,000. Empowered Funds LLC lifted its stake in shares of 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 purchasing an additional 12,060 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Paysafe by 42.1% during the second quarter. AQR Capital Management LLC now owns 87,605 shares of the company’s stock worth $1,524,000 after purchasing an additional 25,953 shares during the last quarter. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PSFE has been the subject of several analyst reports. Royal Bank of Canada dropped their target price on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Susquehanna dropped their price objective on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th.

Paysafe Stock Performance

NYSE:PSFE opened at $19.73 on Friday. The firm has a 50-day moving average of $18.28 and a two-hundred day moving average of $20.27. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $1.20 billion, a P/E ratio of -51.92, a PEG ratio of 0.45 and a beta of 1.88. Paysafe Limited has a 1-year low of $11.94 and a 1-year 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.