Raymond James Financial Inc. Acquires New Position in Paysafe Limited (NYSE:PSFE)

Raymond James Financial Inc. purchased a new position in Paysafe Limited (NYSE:PSFE - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 113,709 shares of the company's stock, valued at approximately $1,944,000. Raymond James Financial Inc. owned 0.19% of Paysafe at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Spire Wealth Management purchased a new stake in shares of Paysafe in the fourth quarter worth about $26,000. Bfsg LLC purchased a new stake in Paysafe in the 4th quarter worth approximately $78,000. SG Americas Securities LLC boosted its position in Paysafe by 5.7% in the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company's stock worth $238,000 after purchasing an additional 754 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Paysafe during the 3rd quarter worth approximately $254,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Paysafe by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company's stock valued at $341,000 after purchasing an additional 835 shares in the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

Paysafe Price Performance

NYSE:PSFE traded down $0.82 during trading hours on Friday, reaching $14.14. 809,415 shares of the company were exchanged, compared to its average volume of 324,696. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. The firm has a market cap of $859.39 million, a PE ratio of -37.21, a price-to-earnings-growth ratio of 0.48 and a beta of 1.91. Paysafe Limited has a twelve month low of $13.16 and a twelve month high of $26.25. The stock's 50-day moving average is $18.09 and its 200-day moving average is $19.28.

Paysafe (NYSE:PSFE - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $420.07 million during the quarter, compared to analysts' expectations of $437.40 million. On average, sell-side analysts anticipate that Paysafe Limited will post 1.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on PSFE. Bank of America dropped their price target 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. Susquehanna dropped 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. Finally, UBS Group lifted their price target on Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a research note on Wednesday, February 12th.

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.