Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in shares of Paysafe Limited (NYSE:PSFE – Free Report) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,433 shares of the company’s stock after selling 1,471 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Paysafe were worth $173,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its position in Paysafe by 21.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 33,200 shares of the company’s stock worth $113,000 after acquiring an additional 5,911 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Paysafe in the first quarter valued at $122,000. Cetera Advisor Networks LLC increased its holdings in shares of Paysafe by 96.0% in the first quarter. Cetera Advisor Networks LLC now owns 105,560 shares of the company’s stock valued at $358,000 after purchasing an additional 51,699 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Paysafe in the first quarter valued at $469,000. Finally, Vanguard Group Inc. increased its holdings in shares of Paysafe by 2.4% in the first quarter. Vanguard Group Inc. now owns 1,042,147 shares of the company’s stock valued at $3,534,000 after purchasing an additional 23,942 shares during the last quarter. 51.84% of the stock is currently owned by institutional investors and hedge funds.
Paysafe Stock Down 2.0 %
Shares of PSFE stock opened at $13.89 on Thursday. Paysafe Limited has a 1-year low of $9.25 and a 1-year high of $24.25. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $844.37 million, a price-to-earnings ratio of -20.13, a price-to-earnings-growth ratio of 0.34 and a beta of 1.87. The stock’s fifty day moving average price is $12.81 and its 200 day moving average price is $12.11.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on PSFE. Jefferies Financial Group began coverage on shares of Paysafe in a research note on Thursday, November 30th. They set a “hold” rating and a $11.00 price objective on the stock. BTIG Research began coverage on shares of Paysafe in a report on Wednesday, January 17th. They issued a “buy” rating and a $19.00 target price for the company. UBS Group began coverage on shares of Paysafe in a report on Friday, October 20th. They issued a “sell” rating and a $10.00 price objective for the company. Susquehanna dropped their price objective on shares of Paysafe from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 15th. Finally, Bank of America lowered their price target on shares of Paysafe from $13.90 to $13.70 and set an “underperform” rating for the company in a report on Friday, November 24th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Paysafe currently has a consensus rating of “Hold” and an average price target of $20.71.
Paysafe Company Profile
Paysafe Limited provides a payments platform with for merchants and consumers in the entertainment sectors. It enables businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. The company operates through two segments, Merchant Solutions and Digital Wallets.
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