New York State Common Retirement Fund Grows Stake in Paysafe Limited (NYSE:PSFE)

New York State Common Retirement Fund boosted its holdings in shares of Paysafe Limited (NYSE:PSFE) by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,106 shares of the company’s stock after buying an additional 3,016 shares during the period. New York State Common Retirement Fund’s holdings in Paysafe were worth $219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Paysafe during the 3rd quarter valued at about $119,000. Raymond James & Associates raised its stake in Paysafe by 2.6% in the third quarter. Raymond James & Associates now owns 115,010 shares of the company’s stock valued at $1,379,000 after purchasing an additional 2,877 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Paysafe by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 100,914 shares of the company’s stock worth $1,210,000 after buying an additional 3,337 shares in the last quarter. Jump Financial LLC bought a new position in shares of Paysafe in the 3rd quarter worth $361,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Paysafe during the 3rd quarter valued at $717,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on PSFE. Bank of America upped their target price on shares of Paysafe from $13.40 to $14.60 and gave the stock an “underperform” rating in a research report on Monday, April 15th. Susquehanna raised their price objective on Paysafe from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group boosted their target price on Paysafe from $11.00 to $16.50 and gave the stock a “sell” rating in a research report on Wednesday. Finally, Royal Bank of Canada increased their price target on shares of Paysafe from $16.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.01.

Paysafe Stock Down 1.3 %

Shares of Paysafe stock opened at $17.97 on Friday. The company’s 50 day moving average price is $15.06 and its 200-day moving average price is $13.47. Paysafe Limited has a 52-week low of $9.25 and a 52-week high of $19.83. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -81.68, a P/E/G ratio of 0.39 and a beta of 1.84.

Paysafe (NYSE:PSFE) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $414.50 million for the quarter, compared to analysts’ expectations of $414.52 million. Paysafe had a negative net margin of 0.82% and a positive return on equity of 15.22%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. Equities research analysts forecast that Paysafe Limited will post 2.05 EPS for the current 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.