Paysafe Limited (NYSE:PSFE) Position Increased by Barclays PLC

Barclays PLC raised its position in Paysafe Limited (NYSE:PSFE - Free Report) by 273.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,167 shares of the company's stock after buying an additional 30,881 shares during the period. Barclays PLC owned approximately 0.07% of Paysafe worth $946,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PSFE. 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 valued at $28,876,000 after purchasing an additional 324,207 shares during the last quarter. Foundry Partners LLC purchased a new position in shares of Paysafe during the 3rd quarter valued at approximately $5,450,000. Renaissance Technologies LLC grew its position in shares of Paysafe by 31.8% during the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company's stock worth $3,612,000 after buying an additional 49,300 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Paysafe in the third quarter worth $1,105,000. Finally, Principal Financial Group Inc. acquired a new stake in Paysafe in the third quarter valued at $764,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. 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 report on Thursday, November 14th. Royal Bank of Canada decreased their price target on Paysafe from $25.00 to $21.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Paysafe currently has a consensus rating of "Hold" and a consensus target price of $19.40.

Paysafe Stock Performance

PSFE stock traded up $0.48 during trading on Wednesday, hitting $18.08. 249,522 shares of the company's stock traded hands, compared to its average volume of 251,734. The stock has a fifty day moving average price of $18.75 and a two-hundred day moving average price of $20.25. 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 Limited has a 52 week low of $11.94 and a 52 week high of $26.25. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -47.58, a price-to-earnings-growth ratio of 0.61 and a beta of 1.88.

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.