Principal Financial Group Inc. Invests $764,000 in Paysafe Limited (NYSE:PSFE)

Principal Financial Group Inc. acquired a new stake in Paysafe Limited (NYSE:PSFE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 34,076 shares of the company's stock, valued at approximately $764,000. Principal Financial Group Inc. owned approximately 0.06% of Paysafe as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Paysafe by 24.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company's stock worth $28,876,000 after acquiring an additional 324,207 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Paysafe during the second quarter worth $3,702,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Paysafe by 39.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company's stock valued at $4,781,000 after buying an additional 85,170 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Paysafe by 31.8% during the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company's stock valued at $3,612,000 after buying an additional 49,300 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in shares of Paysafe by 32.6% during the first quarter. Gabelli Funds LLC now owns 152,500 shares of the company's stock worth $2,408,000 after acquiring an additional 37,500 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company's stock.

Paysafe Stock Performance

PSFE stock traded up $0.08 during mid-day trading on Friday, hitting $17.58. The company had a trading volume of 716,064 shares, compared to its average volume of 491,583. The stock's fifty day moving average price is $21.55 and its two-hundred day moving average price is $20.16. 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 12 month low of $10.05 and a 12 month high of $26.25. The firm has a market cap of $1.07 billion, a PE ratio of -46.26, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91.

Wall Street Analysts Forecast Growth

PSFE has been the subject of several recent research reports. Bank of America upped their price target on Paysafe from $16.20 to $19.00 and gave the stock an "underperform" rating in a report on Tuesday, August 27th. UBS Group raised their price target on shares of Paysafe from $16.50 to $17.00 and gave the company a "sell" rating in a research report on Wednesday, August 14th. Royal Bank of Canada cut 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. Finally, Susquehanna decreased 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Paysafe currently has a consensus rating of "Hold" and a consensus target price of $18.00.

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.