Raymond James Financial Inc. Makes New Investment in Paysafe Limited (NYSE:PSFE)

Raymond James Financial Inc. acquired a new stake in Paysafe Limited (NYSE:PSFE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 113,709 shares of the company’s stock, valued at approximately $1,944,000.

A number of other hedge funds have also modified their holdings of the stock. Private Management Group Inc. acquired a new position in Paysafe in the fourth quarter valued at about $8,489,000. Barclays PLC raised its stake 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 acquiring an additional 30,881 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Paysafe in the 3rd quarter worth approximately $764,000. SG Americas Securities LLC grew its position in Paysafe by 5.7% during the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company’s stock worth $238,000 after acquiring an additional 754 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Paysafe by 5.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company’s stock valued at $341,000 after purchasing an additional 835 shares during the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

Paysafe Trading Down 2.6 %

PSFE stock opened at $15.68 on Tuesday. 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 Limited has a twelve month low of $14.06 and a twelve month high of $26.25. The company has a market cap of $952.80 million, a P/E ratio of -41.26, a PEG ratio of 0.48 and a beta of 1.87. The business has a fifty day moving average of $18.33 and a 200-day moving average of $19.46.

Paysafe (NYSE:PSFE) last released its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). The business had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. As a group, equities research analysts expect that Paysafe Limited will post 1.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PSFE. Bank of America decreased their target price on Paysafe from $18.00 to $16.00 and set an “underperform” rating on the stock in a report on Monday, March 10th. Susquehanna lowered their price objective 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. Finally, UBS Group boosted their target price on shares of Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research note on Wednesday, February 12th.

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.