Paysafe Limited (NYSE:PSFE) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Paysafe Limited (NYSE:PSFE - Free Report) by 24.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,633,280 shares of the company's stock after purchasing an additional 324,207 shares during the period. Dimensional Fund Advisors LP owned 2.69% of Paysafe worth $28,876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSFE. Cannae Holdings Inc. boosted its stake in shares of Paysafe by 92.9% during the first quarter. Cannae Holdings Inc. now owns 3,379,887 shares of the company's stock worth $53,368,000 after buying an additional 1,628,183 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Paysafe by 39.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company's stock worth $4,781,000 after acquiring an additional 85,170 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Paysafe in the 2nd quarter valued at approximately $3,702,000. Russell Investments Group Ltd. increased its holdings in shares of Paysafe by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 186,811 shares of the company's stock valued at $2,950,000 after purchasing an additional 23,353 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Paysafe by 7.4% during the first quarter. Vanguard Group Inc. now owns 173,192 shares of the company's stock worth $2,735,000 after purchasing an additional 11,884 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company's stock.

Paysafe Price Performance

PSFE stock traded down $0.03 during trading on Thursday, reaching $21.57. 169,365 shares of the company were exchanged, compared to its average volume of 356,056. Paysafe Limited has a 52-week low of $9.25 and a 52-week high of $23.50. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $1.31 billion, a P/E ratio of -98.18, a PEG ratio of 0.57 and a beta of 1.92. The stock's 50 day moving average price is $21.38 and its 200 day moving average price is $18.52.

Paysafe (NYSE:PSFE - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.07). The firm had revenue of $439.92 million during the quarter, compared to analyst estimates of $428.40 million. Paysafe had a positive return on equity of 14.42% and a negative net margin of 0.78%. As a group, analysts predict that Paysafe Limited will post 1.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PSFE has been the topic of several recent research reports. Susquehanna boosted their price objective on shares of Paysafe from $16.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, August 15th. UBS Group increased their price target on shares of Paysafe from $16.50 to $17.00 and gave the stock a "sell" rating in a report on Wednesday, August 14th. Bank of America raised their price objective on shares of Paysafe from $16.20 to $19.00 and gave the company an "underperform" rating in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada boosted their target price on Paysafe from $20.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $19.00.

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.