Bank of New York Mellon Corp Grows Holdings in Paysafe Limited (NYSE:PSFE)

Bank of New York Mellon Corp lifted its stake in Paysafe Limited (NYSE:PSFEFree Report) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,914 shares of the company’s stock after acquiring an additional 3,337 shares during the period. Bank of New York Mellon Corp owned 0.17% of Paysafe worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. MetLife Investment Management LLC raised its holdings in shares of Paysafe by 6.8% in the 2nd quarter. MetLife Investment Management LLC now owns 16,314 shares of the company’s stock worth $165,000 after purchasing an additional 1,034 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Paysafe by 3.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 35,145 shares of the company’s stock worth $355,000 after purchasing an additional 1,100 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Paysafe by 16.0% in the 2nd quarter. Royal Bank of Canada now owns 8,739 shares of the company’s stock worth $88,000 after purchasing an additional 1,207 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Paysafe by 6.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 20,674 shares of the company’s stock worth $209,000 after purchasing an additional 1,249 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Paysafe by 2.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 56,167 shares of the company’s stock worth $970,000 after purchasing an additional 1,448 shares in the last quarter. 51.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on PSFE shares. BTIG Research started coverage on shares of Paysafe in a research report on Wednesday, January 17th. They issued a “buy” rating and a $19.00 price target for the company. UBS Group started coverage on shares of Paysafe in a research report on Friday, October 20th. They issued a “sell” rating and a $10.00 price target for the company. Jefferies Financial Group started coverage on shares of Paysafe in a research report on Thursday, November 30th. They issued a “hold” rating and a $11.00 price target for the company. Bank of America reduced their price target on shares of Paysafe from $13.90 to $13.70 and set an “underperform” rating for the company in a research report on Friday, November 24th. Finally, Susquehanna reduced their price target on shares of Paysafe from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 15th. Three investment 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 MarketBeat.com, Paysafe presently has a consensus rating of “Hold” and a consensus target price of $20.71.

View Our Latest Research Report on Paysafe

Paysafe Stock Down 1.9 %

PSFE stock opened at $13.63 on Friday. Paysafe Limited has a 12-month low of $9.25 and a 12-month high of $24.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.85. The company has a market cap of $828.57 million, a price-to-earnings ratio of -19.75, a PEG ratio of 0.35 and a beta of 1.87. The company has a 50 day moving average of $12.89 and a two-hundred day moving average of $12.12.

Paysafe (NYSE:PSFEGet Free Report) last released its earnings results on Tuesday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). Paysafe had a positive return on equity of 15.59% and a negative net margin of 2.66%. The company had revenue of $396.40 million during the quarter, compared to analysts’ expectations of $398.30 million. During the same quarter in the previous year, the company earned $0.48 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Paysafe Limited will post 1.95 earnings per share for the current fiscal year.

About Paysafe

(Free Report)

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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Institutional Ownership by Quarter for Paysafe (NYSE:PSFE)

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