34,076 Shares in Paysafe Limited (NYSE:PSFE) Purchased by Principal Financial Group Inc.

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

Several other large investors also recently modified their holdings of PSFE. Foundry Partners LLC bought a new stake in shares of Paysafe in the third quarter valued at approximately $5,450,000. Barclays PLC grew its position in shares of Paysafe by 273.6% in 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. Dimensional Fund Advisors LP grew its holdings in 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 buying an additional 324,207 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Paysafe by 31.8% in the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock worth $3,612,000 after buying an additional 49,300 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Paysafe during the third quarter valued at approximately $1,105,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Wall Street Analyst Weigh In

PSFE has been the topic of several research analyst reports. Susquehanna decreased their price target on shares of 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 cut their price objective on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.40.

Paysafe Price Performance

PSFE opened at $17.47 on Monday. The stock has a market capitalization of $1.06 billion, a P/E ratio of -45.97, a PEG ratio of 0.61 and a beta of 1.86. 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 12-month low of $11.94 and a 12-month high of $26.25. The stock has a 50-day moving average price of $19.37 and a 200-day moving average price of $20.27.

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.