Arrowstreet Capital Limited Partnership Buys 91,592 Shares of Paysafe Limited (NYSE:PSFE)

Arrowstreet Capital Limited Partnership lifted its holdings in Paysafe Limited (NYSE:PSFE - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 694,079 shares of the company's stock after purchasing an additional 91,592 shares during the period. Arrowstreet Capital Limited Partnership owned 1.14% of Paysafe worth $11,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PSFE. Verition Fund Management LLC acquired a new stake in shares of Paysafe in the 3rd quarter valued at $254,000. State Street Corp lifted its position in Paysafe by 1.5% during the 3rd quarter. State Street Corp now owns 1,427,043 shares of the company's stock worth $32,009,000 after acquiring an additional 20,418 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Paysafe in the third quarter valued at about $1,105,000. Barclays PLC increased its stake in 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 period. Finally, Tidal Investments LLC bought a new stake in Paysafe in the third quarter valued at about $627,000. Institutional investors and hedge funds own 54.39% of the company's stock.

Wall Street Analyst Weigh In

PSFE has been the topic of several research analyst reports. Susquehanna decreased their price objective on shares of Paysafe from $21.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Bank of America reduced their target price on shares of Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a research report on Monday, March 10th. Finally, UBS Group upped their target price on shares of Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research report on Wednesday, February 12th.

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Paysafe Trading Down 2.3 %

NYSE PSFE traded down $0.36 during trading hours on Thursday, hitting $15.04. The company's stock had a trading volume of 65,988 shares, compared to its average volume of 328,345. The stock has a fifty day moving average of $17.60 and a 200 day moving average of $19.02. Paysafe Limited has a twelve month low of $13.01 and a twelve month high of $26.25. The firm has a market capitalization of $914.03 million, a P/E ratio of -39.58, a PEG ratio of 0.48 and a beta of 1.91. 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 (NYSE:PSFE - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The business had revenue of $420.07 million during the quarter, compared to analyst estimates of $437.40 million. Equities research analysts forecast that Paysafe Limited will post 1.87 earnings per share for the current fiscal year.

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.