Barclays PLC Acquires 30,881 Shares of Paysafe Limited (NYSE:PSFE)

Barclays PLC boosted its holdings in Paysafe Limited (NYSE:PSFE) by 273.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 42,167 shares of the company’s stock after purchasing an additional 30,881 shares during the period. Barclays PLC’s holdings in Paysafe were worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Paysafe by 24.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock valued at $28,876,000 after acquiring an additional 324,207 shares during the period. State Street Corp increased its position in shares of Paysafe by 1.5% during the third 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. Foundry Partners LLC bought a new stake in shares of Paysafe during the third quarter valued at approximately $5,450,000. Empowered Funds LLC raised its stake in shares of Paysafe by 5.3% in the third quarter. Empowered Funds LLC now owns 238,448 shares of the company’s stock valued at $5,348,000 after purchasing an additional 12,060 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in 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 purchasing an additional 49,300 shares during the period. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Paysafe Stock Up 1.0 %

Shares of NYSE PSFE opened at $17.57 on Wednesday. The business has a fifty day moving average of $18.75 and a two-hundred day moving average of $20.25. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. Paysafe Limited has a 52-week low of $11.94 and a 52-week high of $26.25. The stock has a market cap of $1.07 billion, a PE ratio of -46.24, a PEG ratio of 0.61 and a beta of 1.88.

Wall Street Analysts Forecast Growth

PSFE has been the topic of several analyst reports. Royal Bank of Canada lowered their price target 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. Susquehanna lowered their target price on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Paysafe presently has an average rating of “Hold” and an average price target of $19.40.

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.