113,709 Shares in Paysafe Limited (NYSE:PSFE) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Paysafe Limited (NYSE:PSFE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,709 shares of the company's stock, valued at approximately $1,944,000. Raymond James Financial Inc. owned 0.19% of Paysafe as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Martingale Asset Management L P boosted its position in Paysafe by 61.5% in the third quarter. Martingale Asset Management L P now owns 36,269 shares of the company's stock worth $814,000 after purchasing an additional 13,806 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Paysafe in the third quarter worth approximately $254,000. State Street Corp grew its position in Paysafe by 1.5% during the third quarter. State Street Corp now owns 1,427,043 shares of the company's stock valued at $32,009,000 after buying an additional 20,418 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Paysafe during the third quarter valued at approximately $1,105,000. Finally, Barclays PLC raised its position in Paysafe by 273.6% in the third quarter. Barclays PLC now owns 42,167 shares of the company's stock worth $946,000 after acquiring an additional 30,881 shares during the period. Hedge funds and other institutional investors own 54.39% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group upped their price objective on Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research note on Wednesday, February 12th. Susquehanna reduced their price target on Paysafe from $21.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. Finally, Bank of America lowered their price objective on Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a research report on Monday, March 10th.

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Paysafe Price Performance

PSFE stock traded down $1.00 during trading on Friday, reaching $13.96. The company's stock had a trading volume of 415,698 shares, compared to its average volume of 323,041. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. The company's fifty day moving average is $18.18 and its 200-day moving average is $19.36. The company has a market capitalization of $848.63 million, a P/E ratio of -36.73, a price-to-earnings-growth ratio of 0.48 and a beta of 1.87. Paysafe Limited has a 1 year low of $13.16 and a 1 year high of $26.25.

Paysafe (NYSE:PSFE - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (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 for the quarter, compared to analysts' expectations of $437.40 million. On average, research analysts expect that Paysafe Limited will post 1.87 earnings per share for the current fiscal year.

About Paysafe

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.