49,259 Shares in Paysafe Limited (NYSE:PSFE) Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in Paysafe Limited (NYSE:PSFE - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 49,259 shares of the company's stock, valued at approximately $1,105,000. Public Employees Retirement System of Ohio owned approximately 0.08% of Paysafe as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in Paysafe by 596.7% in the 2nd quarter. CWM LLC now owns 1,470 shares of the company's stock valued at $26,000 after purchasing an additional 1,259 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Paysafe by 2,613.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company's stock valued at $37,000 after buying an additional 2,012 shares during the period. Bank of New York Mellon Corp boosted its position in Paysafe by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 110,605 shares of the company's stock worth $1,955,000 after acquiring an additional 8,671 shares during the last quarter. Rhumbline Advisers grew its stake in Paysafe by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 55,108 shares of the company's stock worth $974,000 after acquiring an additional 2,226 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Paysafe in the second quarter valued at $3,702,000. 54.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Bank of America increased their price target on shares of Paysafe from $16.20 to $19.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 27th. Royal Bank of Canada dropped their target price on shares of Paysafe from $25.00 to $21.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Finally, Susquehanna reduced their price target on shares of Paysafe from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. Two equities 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 currently has a consensus rating of "Hold" and a consensus price target of $19.40.

Paysafe Stock Down 0.1 %

Shares of NYSE:PSFE traded down $0.01 during mid-day trading on Friday, hitting $17.28. 696,685 shares of the company traded hands, compared to its average volume of 357,023. The firm has a market cap of $1.05 billion, a P/E ratio of -45.47, a PEG ratio of 0.61 and a beta of 1.86. Paysafe Limited has a 52-week low of $11.60 and a 52-week high of $26.25. The firm's 50 day simple moving average is $20.36 and its 200 day simple moving average is $20.29. 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 Company 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.