Franklin Resources Inc. Invests $374,000 in Paysafe Limited (NYSE:PSFE)

Franklin Resources Inc. acquired a new stake in shares of Paysafe Limited (NYSE:PSFE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 21,899 shares of the company's stock, valued at approximately $374,000.

A number of other institutional investors have also recently added to or reduced their stakes in PSFE. Spire Wealth Management bought a new position in Paysafe during the fourth quarter valued at about $26,000. Bfsg LLC bought a new stake in shares of Paysafe in the 4th quarter worth approximately $78,000. Quantbot Technologies LP bought a new stake in Paysafe during the fourth quarter worth approximately $169,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Paysafe by 25.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,078 shares of the company's stock worth $194,000 after buying an additional 2,215 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Paysafe by 5.7% during the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company's stock valued at $238,000 after acquiring an additional 754 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors.

Paysafe Stock Down 0.4 %

Shares of Paysafe stock traded down $0.06 during trading on Friday, hitting $14.37. 204,094 shares of the stock traded hands, compared to its average volume of 328,088. The stock has a market cap of $873.31 million, a P/E ratio of -37.82, a PEG ratio of 0.48 and a beta of 1.91. The company has a fifty day moving average price of $16.70 and a two-hundred day moving average price of $18.65. Paysafe Limited has a twelve month low of $13.01 and a twelve month high of $26.25. 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 (NYSE:PSFE - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.17). Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. The business had revenue of $420.07 million during the quarter, compared to the consensus estimate of $437.40 million. Equities research analysts predict that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PSFE shares. Susquehanna cut their target price on Paysafe from $21.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Bank of America dropped 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 lifted their price objective 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.

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.